Indergiri Finance Limited at its board meeting held on November 7, 2023 announced Allotment of 25, 10% Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures on Private Placement basis of INR 1,000,000 each aggregating to INR 25,000,000. The debentures are unlisted. Tenure of the instrument - date of allotment and date of maturity: 3 years/36 months, allotment shall be done as per the provisions of the Companies Act, 2013.

Coupon/interest offered: 10%. The Debentures shall be secured by way of first ranking pari passu charge with future secured creditors, on all movable assets, including book debts and receivables, cash and bank balances, other movable assets, loans and advances, both present and future of the Company equal to the value of one time of the NCDs outstanding plus interest accrued thereon. Company will create the security for the NCDs in favor of the Debenture Trustee for the Debenture Holders holding the NCDs on the assets to ensure 100.00% security cover or higher of the amount outstanding including interest in respect of the NCDs at any time Applicable.

Delay in payment of interest /principal amount for a period of more than three months from the due dateor default in payment of interest /principal: 2% per annum. Details of redemption: Repayment monthly.