Shree Cements Ltd. — Capital/Financing Update 2023

Sep 25, 2023

==> picture [571 x 121] intentionally omitted <==

SCL/BWR/SE/2023-24/ 25[th] September, 2023

National Stock Exchange of India Limited, Exchange Plaza, Bandra – Kurla Complex, Bandra (East) MUMBAI – 400 051

SCRIP CODE: SHREECEM EQ

BSE Limited

Phiroze Jeejeebhoy Towers, 25[th] Floor, Dalal Street, MUMBAI – 400 023

SCRIP CODE 500387

Attn: Listing Department

Sub: Intimation of outcome of meeting of “NCD Committee” constituted by the Board to consider offering for subscription of Non-Convertible Debentures

Dear Sirs,

In continuation to our letter dated 19[th] September, 2023 and pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“Regulations”) read with Para A of Part A of Schedule III of the Regulations, we hereby inform you that the "NCD Committee" of the Board of Directors of the Company at its meeting held today, has approved the issuance of secured, rated, redeemable, taxable, non-convertible debentures (“NCDs”) with a base issue size of Rs. 350 crore with an option to retain oversubscription upto Rs. 350 crore aggregating to a total Issue size of upto Rs. 700 crore (Rupees Seven Hundred Crores) on private placement basis to certain eligible investors permitted to invest in the NCDs under applicable laws.

As required under the said regulations, the relevant details of the issuance are given at Annex1.

The meeting of the NCD Committee of the Board of Directors of the Company commenced at 9.30 AM and concluded at 9.45 AM on the same day.

Thanking you,

For SHREE CEMENT LIMITED

Digitally signed by SHYAM SHYAM SUNDER SUNDER KHANDELWAL KHANDELWAL Date: 2023.09.25 09:51:23 +05'30'

( S.S. KHANDELWAL ) COMPANY SECRETARY

==> picture [468 x 69] intentionally omitted <==

==> picture [571 x 121] intentionally omitted <==

Annex-1

S. No.	Particulars	Details
1.	Size of the issue	Base issue size of Rs. 350 crore with an option toretainoversubscriptionuptoRs.350croreaggregating to a total Issue size upto Rs. 700 crore.(Face Value of Rs. 1,00,000 each for cash at Par)
2	Whether proposed to be listed, if yes,name of the stock exchange(s)	Proposed to be listed on debt segment of :-1. BSE Limited2. NationalStock Exchange of IndiaLtd.
3	Tenure of the instrument- date ofallotment and date of maturity;	Deemed date of Allotment: 26.09.2023Date of Maturity : 26.10.2030
4	Schedule of payment of coupon/interest and principal;	Interest payable on annual basis and on redemption.Repayment : Upon redemption on 26.10.2030
5	Charge/security, if any, created overthe assets	First pari-passu charge by way of equitable mortgageover the specific immovable property of the Companyand First pari-passu Charge by way of Hypothecationover movable fixed assets of the Company.
6	Specialright/interest/privilegesattached to the instrument andchanges thereof	Nil
7	Delay in payment of interest / principalamount for a period of more than threemonths from the due date or default inpayment of interest / principal	Nil
8	Details of any letter or commentsregarding payment/ non-payment ofinterest, principal on due dates, or anyother matter concerning the securityand /or the assets along with itscomments thereon, if any	Not Applicable

==> picture [468 x 69] intentionally omitted <==