Rainbow Foundations Limited announced that at its board meeting held on May 15, 2023, The limit of Private placement of Listed, secured,redeemable, non- convertible Debentures, to INR 1,25,00,00,000/- from INR 1,75,00,00,000/-in line with the discussions between the Company and M/s Kotak Investment Advisors Limited (the Arrangers). Tenure: 54 Months - Date of allotment to be decided by the board of directors, Deemed Date of allotment 31 May 2023. Date of Maturity is 30th September 2027.

17.30% (that is monthly compounding) subject to interest moratorium for first 3 quarters. Coupon during the first 3 quarters will be computed, accrued and compounded but not immediately due. Accrued interest for first 3 quarters shall be paid equally over the next 15 quarters.