Indergiri Finance Limited at board meeting held October 27, 2023, approved to issue Unlisted, Unrated, Secured, Redeemable Non-Convertible Debentures on Private Placement basis. Size of the issue: Up to a Total of INR. 200,000,000/-.

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. The 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.