Symphony Limited — Capital/Financing Update 2024

Dec 23, 2024

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December 20, 2024

To, National Stock Exchange of India Limited Symbol – Symphony

To, BSE Limited Security Code – 517385

Subject: Execution of Supplemental Loan Agreement (“Addendum”) with Symphony AU Pty Limited, Australia, a Wholly Owned Subsidiary (‘WOS’) of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), We would like to inform you that the company has entered into a 2[nd] Addendum in respect to loan agreement dated June 28, 2023 with Symphony AU Pty Limited (SAPL), a Wholly Owned Subsidiary of the Company.

The disclosure as required under Regulation 30 of the SEBI Listing Regulations read with Para B (5) of Part A of Schedule III and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is attached herewith as Annexure A .

Please take note of the same.

Thanking You,

Yours truly, For Symphony Limited MAYUR C. Digitally signed by MAYUR C. BARVADIY BARVADIYA Date: 2024.12.23 A 17:56:02 +05'30'

Mayur Barvadiya Company Secretary and Head – Legal Membership No. F6637

Enclosed: As above

Registered Office: Symphony Limited, “Symphony House”, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad -380 059, India T: +91-79-66211111, F: +91-79-66211139-40 l Email – companysecretary@symphonylimited.com I www.symphonylimited.com CIN - L32201GJ1988PLC010331

ANNEXURE – A

Agreements (viz. loan agreement(s) or any other agreement(s) which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof:

Sl. No.	Brief Particulars	Remarks
1	Name(s) of parties with whom the agreement is entered	The 2ndAddendum to the loan agreement dated June 28, 2023 (“Addendum”) has been entered into between the Company and Symphony AU Pty Limited, Australia, a Wholly owned Subsidiary of the Company (hereinafter “SAPL”)
2	Purpose of entering into the agreement	Loans will be provided, in one or more trenches, to meet with the working capital requirements of the SAPL and general corporate purpose.
3.	Size of agreement	Increased from A$ 10 million to A$ 15 million
4.	Shareholding, if any, in the entity with whom the agreement is executed	The Company holds 100% shares of the SAPL.
5.	Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.	The Agreement does not contain terms pertaining to right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure.
6.	Whether the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship	The SAPL is a wholly owned subsidiary of the Company. Save and except what is mentioned above, the Promoters/promoter group/group companies are not interested in the transaction.
7.	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;	Yes, the Borrower is a wholly owned subsidiary of the Company and therefore the transaction would fall within the related party transactions. The said transaction is at arms’ length.
8.	In case of issuance of shares to the parties, details of issue price, class of shares issued;	Not applicable

9.	In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis;	Nature of Loan: Unsecured Loan Facility Agreement Total amount of Loan to be granted: Upto A$ 15 million Total amount outstanding as on date: A$ 8 million Date of execution of the Addendum : December 23, 2024 Details of Security: NIL
10.	Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements,etc.;	Not applicable
11.	In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof.	As disclosed above.