Sterlite Technologies Limited. — Capital/Financing Update 2023

Feb 24, 2023

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www.stl.tech
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Date: February 24, 2023

To

The General Manager Department of Corporate Relations BSE Limited Sir Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai -400 001

The General Manager National Stock Exchange of India Ltd. Exchange Plaza Plot No. C/1, G Block Bandra – Kurla Complex Bandra (E), Mumbai – 400 051

Sub: Allotment of rated, listed, secured, redeemable, non-convertible 10,000 debentures bearing a face value of INR 1,00,000 (Rupees One Lakh only) each, aggregating to INR 100,00,00,000 (Rupees One Hundred Crores Only) on private placement basis (“Issue”) by Sterlite Technologies Limited (“Issuer”).

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Authorization and Allotment Committee of the Board of Directors of the Issuer (“ Committee ”) at its meeting held on February 22, 2023 approved the allotment of 10,000 rated, listed, secured, redeemable, non-convertible debentures (the “ NCDs ”) bearing a face value of INR 1,00,000 (Rupees One Lakh only) each, aggregating to INR 100,00,00,000 (Rupees One Hundred Crores Only) to the investors identified by the Authorised Official on February 21, 2023.

The required details in relation to the Issue are provided below:

Particulars	Terms
Listing	Listing on BSE
Size of the Issue	INR 100,00,00,000 (Rupees One Hundred Crores Only)
**Tenor **	3 years
Coupon offered	9.10%
Schedule of payment of coupon/interest and principal	Annually February 21, 2024, February 21, 2025, February 20, 2026 (along with principal repayment)
Date of allotment and date of redemption	Allotment date: February 22, 2023 Redemption date: February 20, 2026
Charge/ Security, if any created over the assets	A first pari passu charge over movable fixed assets and specified immovable assets at

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408

www.stl.tech

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	market value to be created within 30 days of allotment.
Special right/interest/privileges attached to the instrument and **changes thereof **	NA
Delay in payment of interest / principal amount for a period of more than three months from the due date or default in **payment of interest / principal **	Not Applicable
Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, ifany	Not Applicable
Details of redemption of debentures	February 20, 2026 (36 months from the Deemed date of Allotment)

The Issuer shall use the proceeds of the issuance of the NCDs towards capital expenditure, refinancing of existing loans of the Issuer, and/or augmentation of long term working capital provided however that the Issuer shall not use the Issue Proceeds in any manner or for any purposes which may be in contravention of Applicable Law including without limitation, the regulations/ guidelines/ norms issued by the RBI/ SEBI/ RoC/ Stock Exchange.

We request you to take on record and the same be treated as compliance under the applicable clauses(s) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you, Yours Faithfully,

For Sterlite Technologies Limited

AMIT VILAS Digitally signed by AMIT VILAS DESHPAND DESHPANDE Date: 2023.02.24 E 07:27:41 +05'30'

Amit Deshpande

General Counsel & Company Secretary (ACS 17551)

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408