Indergiri Finance Limited announced at the board meeting held on May 24, 2024, approved Allotment of 10, 11% Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures on Private Placement basis of INR 10,00,000 (Rupees Ten Lakh Only) each aggregating to INR 1,00,00,000/-(Rupees One Crore Only). 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. 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 favour 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 date or default in payment of interest /principal: 2% per annum. Details of redemption of debentures: Repayment monthly.