Shree Renuka Sugars Ltd. — Capital/Financing Update 2021

Jun 25, 2021

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25[th] June 2021

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

NSE Symbol: RENUKA

Dept. of Corporate Service BSE Limited P. J. Towers, Dalal Street Mumbai – 400 001

BSE Scrip Code: 532670

Dear Sir/Madam

– Sub: Announcement under Regulation 30 of SEBI Listing Regulations, 2015 Capacity expansion for ethanol production

The Board of Directors in their meeting held on 9[th] February 2021, approved capacity expansion of ethanol production from 720 Kilo Litre Per Day (KLPD) to 970 KLPD. Considering the huge untapped demand for ethanol due to the policies of Government of India on ethanol blending, the Board of Directors of the Company, at its meeting held today i.e. 25[th] June 2021, inter‐alia, approved further capacity expansion for ethanol production from 970 KLPD to 1400 KLPD.

This disclosure is given as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions.

The information as required under Regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September 2015 is enclosed herewith as an Annexure.

You are requested to take the above on record.

Thanking you,

Yours faithfully, For Shree Renuka Sugars Limited

Digitally signed by Deepak Madhav Manerikar DN: c=India, o=Personal, postalCode=411041, st=Maharashtra, 2.5.4.20=933c870db9d5f72716b297ab9e64232cca0649b70efac Deepak Madhav 90cdd7b8092db672d03, pseudonym=C6E81E734AC22EF887FF6F5708EE40A299BD4021, serialNumber=6CF6EE3C3849045F5EB2572E97384BB2A8F3074 Manerikar B28A8003C5B1F7E8E71DBF2AF, cn=Deepak Madhav Manerikar Date: 2021.06.25 23:50:27 +05'30'

Deepak Manerikar Company Secretary

Encl.: as above

Shree Renuka Sugars Limited

Corporate Office : 7th Floor • Devchand House • Shiv Sagar Estate • Dr. Annie Besant Road • Worli Mumbai 400 018 • Maharashtra • India P +91 22 2497 7744/4001 1400 F +91 22 2497 7747 E info@renukasugars.com

Registered Office : 2nd / 3rd Floor, Kanakshree Arcade, CTS No. 10634, JNMC Road, Nehru Nagar, Po: Belagavi‐ 590 010 • Karnataka • India P +91 831 2404000 F +91 831 2404961

W www.renukasugars.com • Corporate Identification No.: L01542KA1995PLC019046

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Annexure

Capacity expansion for ethanol production

1	Existing Capacity	720 KLPD (Capacity expansion upto 970 KLPD as approved on 9thFebruary2021,is underprogress)
2	Existing capacity utilization	80% and may vary subject to raw material availability
3	Proposed Capacity addition	430 KLPD
4	Period within which the proposed capacityis to be added	October 2022
5	Investment required	Rs. 450 Crores
6	Mode of financing	Borrowings
7	Rationale	The Government of India has mandated 20% ethanol blending in fuel by 2025 against a current blending of 7.79%. Considering this, the Company sees a huge untapped demand for ethanol for the ethanol blending program of the Government of India which can be of benefit to the Companyin the future.

Shree Renuka Sugars Limited Corporate Office : 7th Floor • Devchand House • Shiv Sagar Estate • Dr. Annie Besant Road • Worli Mumbai 400 018 • Maharashtra • India P +91 22 2497 7744/4001 1400 F +91 22 2497 7747 E info@renukasugars.com Registered Office : 2nd / 3rd Floor, Kanakshree Arcade, CTS No. 10634, JNMC Road, Nehru Nagar, Po: Belagavi‐ 590 010 • Karnataka • India P +91 831 2404000 F +91 831 2404961

W www.renukasugars.com • Corporate Identification No.: L01542KA1995PLC019046