Espire Hospitality Limited announced that further to communication dated February 27, 2024, wherein the Board of Directors of the Company had approved the issuance of unsecured and unlisted Non-Convertible debentures ("NCDs") on a private placement to M/s Espire Conglomerate Private Limited. In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`Listing Regulations, 2015', the company wish to inform that the Board of Directors of the Company, at their meeting held on March 28, 2024, approved the allotment of 100 Debentures of face value of INR 1,000,000 each aggregating to INR 100,000,000, on private placement basis to Espire Conglomerate Private Limited.