Board of Directors of Himatsingka Seide Limited at its meeting held on February 22, 2024, has approved issuance of 970 nos. (Nine hundred and Seventy) Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) having face value of INR 10,00,000 (Indian Rupees Ten Lakhs Only) each, aggregating to INR 97,00,00,000/- (Indian Rupees Ninety Seven Crore Only) on private placement basis to International Finance Corporation ("IFC"), out of the total issue size of INR 460,00,00,000 (Indian Rupees Four Hundred and Sixty Crore Only) and opening the final tranche of NCDs. NCD Interest Rate: Floating INR Interest Rate ("Floating Interest Disbursement"),With respect to floating rate Disbursement, the Interest Rate shall be the sum of: The INR Benchmark Rate, The INR Floating Rate Spread, and The Spread.

3M MIBOR-OIS + INR Floating Rate Spread + Spread of 315 bps. Spread to reduce by 10bps for every notch increase in credit rating. Repayment 16 approximately equal semi-annual installments.

Term: Door to Door tenure of 10.5 years Moratorium of 3 years. Repayment over 8 years period in 16 equal semi-annual installments. Subscription Price: At Par.

Debenture Trustee: Axis Trustee Services Limited. Interest Payment Dates: Quarterly January 15, April 15, July 15 and October 15 in each year. Schedule of Payment of NCDs shall be repaid in 16 equal semi-annual installments.

Principal will be commencing from 15th January 2026.