Jayaswal Neco Industries Limited announced that the duly authorized committee of directors at its meeting held on 7 December 2023, has inter-alia considered and approved the terms and conditions for issue of upto 320,000 Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) having face value of INR 100,000 aggregating to INR 32,000,000,000. Tenure of the instrument - Date of allotment and date of maturity: Date of Allotment: 15 December 2023 (Tentative/Deemed Date of Allotment); Tenure: 60 Months from Date of Allotment; Date of Maturity: 14 December 2028 (Tentative). Coupon/Interest: 14.50% p.a. (compounded monthly) (Scheduled Coupon Rate) Plus 3% p.a. (compounded monthly) (Additional Coupon Rate) [Inclusive of all cost including taxes]; Schedule of Payment of Coupon/Interest & Principal: Monthly.

[Principal payments to start from 31 July 2024]. Type of issuance: Private Placement.