Tilaknagar Industries Ltd — Capital/Financing Update 2022

Oct 14, 2022

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October 14, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai 400001 Scrip Code : 507205

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Symbol : TI

Sub : Intimation regarding remittance of settlement amount to Cargill International SA under Regulation 30 of SEBI (LODR) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has remitted USD 11,00,011.89 equivalent of Rs. 9,25,00,000 (Rupees Nine Crores Twenty-Five Lacs only) on October 13, 2022 to its supplier, Cargill International SA, on receipt of the statutory approval from Reserve Bank of India on October 06, 2022, towards the Settlement Agreement entered into between the Company and Cargill International SA, wherein it was mutually agreed, inter alia, that the principal amount of USD 74,28,300 would be settled in full and final at USD value equivalent of Rs. 9,25,00,000 (Rupees Nine Crores Twenty-Five Lacs only).

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

DIPTI VARUN Digitally signed by DIPTI VARUN TODKAR TODKAR Date: 2022.10.14 15:45:26 +05'30'

Dipti Todkar Company Secretary

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