Eldeco Housing and Industries Limited intimation made on September 13, 2023 wherein the Board had considered and approved to avail a Rupee Term Loan not exceeding INR 80,00,00,000 from ICICI Bank Limited. This is to inform that the Facility/Loan agreement has been executed on September 23, 2023. Purpose of entering into the agreement: Towards reimbursement and transaction related expense of cost already incurred in the Projects of Eldeco Housing & Industries Limited and its subsidiaries.

Towards balance cost of the Project of the Company namely Eldeco Latitude27 situated at Eldeco City, IIM Road, Lucknow-Uttar Pradesh. Significant terms of the agreement: ICICI Bank Limited, at its sole discretion, in the event of payment default, shall have the right to appoint its nominee as a Nominee Director on the Board of the Borrower. In case of loan/facility agreements, details: Lender- ICICI Bank Limited, Nature of Loan- Rupee Term Loan: Total amount of loan granted INR 80,00,00,000.

Total amount outstanding INR 80,00,00,000. Date of execution of the agreement is September 23, 2023; Details of security provided: Exclusive charge by way of equitable mortgage on the Project Eldeco Latitude 27 (including the property), excluding the sold units but including any cancellations. Exclusive charge by way of hypothecation on the future scheduled receivables of the Project Eldeco Latitude 27 (Borrower's share) and all insurance proceeds, both present and future.

Exclusive charge by way of hypothecation on the escrow accounts opened by ICICI Bank for the funding of Project Eldeco Latitude 27 and the DSR account all monies credited/deposited therein (in whatever form the same may be), and all investments in respect thereof (in whatever form the same may be). Other details: Corporate Guarantee from Artistry Construction Private Limited, Erudite Constructions Private Limited, Frozen Constructions Private Limited and Utsav Constructions Private Limited (the wholly owned subsidiaries of the Company and the Guarantors).