Ballarpur Industries Limited in its meeting held on September 8, 2023 has resolved and approved the following: allotment of 34,72,89,788 Unlisted, Unsecured Non-Convertible Debentures Series-II (NCDs) of INR 1 Each at Par Aggregating up to INR 347,289,788 in Accordance with Approved Resolution Plan on Private Placement Basis; Issuance of upto 32,625, 7% Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value INR 1,00,000 each at par aggregating up to INR 3,262,500,000, in one or more tranches, in accordance with approved resolution plan on private placement basis.