The Board of Directors of Greenlam Industries Limited in their meeting held on October 26, 2021, have approved the issuance of Non-Convertible Debt Securities for an amount up to INR 1,500 million on Private Placement basis in one or more tranches. Tenure of the instrument - date of allotment and date of maturity - Up to 4 years from the date of allotment. The deemed date of allotment and date of maturity will be finalized post fulfillment of Conditions precedent to the issue. Coupon/interest offered, schedule of payment of coupon/interest and principal - Maximum coupon payable shall be 8% p.a. payable annually. The Non-Convertible Debt Securities shall be secured by first pari-passu charge on movable fixed assets of the Company, present and future; first pari-passu charge on immovable fixed assets of the Company situated at Behror (Rajasthan) and Nalagarh (Himachal Pradesh) and second pari-passu charge on current assets of the Company, present and future. In case of default in repayment of Interest and/or principal redemption on due dates, additional interest up to 2.00% p.a. over the coupon rate will be payable by the Company for the defaulting period.