TCPL Packaging Limited — Capital/Financing Update 2019

Nov 6, 2019

Annexure - II

Format for disclosure of reasons for encumbrance

Name of listed company	TCPL Packaging Limited
Name of the recognised stock exchanges where the sharesof the company are listed	The Bombay Stock Exchange LtdThe National Stock Exchange of India Ltd
Name of the promoter(s) / PACs whose shares have beenencumbered	Accura Form Pvt Ltd
Total promoter shareholding in the listed company	No. of shares - 1940173% of total share capital -21.32 %
Encumbered shares as a % of promoter shareholding	38.25 %
Whether encumbered share is 50% or more of promotershareholding	NO.
Whether encumbered share is 20% or more of total sharecapital	YES

(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)

Details of all the existing events/ agreements pertaining to encumbrance

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		Encumbrance 1 (Date of creationof encumbrance:14.09.2016	Encumbrance 2(Add columns for
			each event/agreement)
Type of encumbrance (pledge, lien, negative lien,non-disposal undertaking etc. or any other covenant,transaction, condition or arrangement in the nature ofencumbrance)		Non disposal undertaking
No. and % of shares encumbered		No. of shares: 1940173
		% of total share capital: 21.32 %
Specific details about theencumbrance	Name of the entity inwhosefavoursharesencumbered (X)	ICICI Bank Ltd	÷.
	Whether the entity $X$ is ascheduledcommercialbank, publicfinancialinstitution,NBFCorhousingfinancecompany? If No, providethenatureof athebusiness of the entity.	Scheduled Commercial Bank	E)
	Namesofallotherentities in the agreement	Listed company and its groupcompanies (if any)TCPL Packaging LtdOther entities (if any)	$\sim$
	Whethertheencumbrance is relatingto any debt instrumentsviz.debenture,commercialpaper,certificateof ldepositetc.? If yes, providedetailsabouttheinstrument,includingcredit rating	Narmada Fintrade Pvt LtdNO	$\sim$

Security Cover / AssetCover	Value of shares on thedateofevent$\overline{1}$agreement (A)	Rs.126.85 Crores
	involvedAmount(against which shareshave been encumbered)(B)	Rs. 22.25 Crores
	Ratio of A / B	5.70:1	$\qquad \qquad \blacksquare$
End use of money	Borrowed amount to beutilized for what purpose		÷
	Personal use by(a)promoters and PACs
	(b) For the benefit oflisted company	For benefit of the Company
	Provide details includingamount,of	Amount borrowed: - Rs. 22.25Crores
	purposeraising money by listedcompany, schedule forutilization of amount,repayment schedule etc.	Purpose of borrowing:-Formeeting Capital Expenditure
		Schedule for utilization: Annex A
	(a) Any otherreason(please specify)	Repayment schedule: Annex B

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For ACCURAFORM PVT. LTD

Lucessee DIRECTOR / AUTHORISED SIGNATORY

Signature of Authorised Signatory

Place:-Mumbai Date:-04.10.2019

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Schedule for utilization of amount (As informed by Target company viz TCPL Packaging Limited)

Sr.No.		Date	AmountRs(in Lakhs)
	1	25/08/2016	1381.17
	2	26/10/2016	106.44
3		19/11/2016	12.12
4		01/02/2017	20.75
5		22/02/2017	291,43
6		30/05/2017	8.81
7		31/05/2017	21.31
8		07/07/2017	201.90
9		12/09/2017	14.47
10		13/10/2017	22.42
11		30/11/2017	89.81
12		22/02/2018	16.95
13		12/03/2018	37.40
Total			2224.98

For TCPL PACKAGING LIMITED DIRECTORIAUTHORISED SIGNATORY

Annex A

Annexure B

Repayment schedule(As informed by Target company viz TCPL Packaging Limited)

Sr.No.	FinancialYear	AmountRs(in Lakhs)
1	2018-19	222.50
$\overline{2}$	2019-20	389.37
3	2020-21	445.00
4	2021-22	445.00
5	2022-23	556.25
6	2023-24	166.87
	Total	2224.99

For TCPL PACKAGING LIMITED