The Board of Directors of Sakthi Finance Limited have, at their meeting held on 11th August 2022. The Board of Directors have approved issue of Redeemable, Cumulative Preference Shares of INR 100 each, in one or more tranches, on private placement basis for an amount not exceeding INR 150 million. This proposal is subject to the approval of members at the upcoming AGM.

The Board of Directors have approved issue of Secured and Unsecured, Redeemable, Non-Convertible Debentures and Other Debt Securities, in one or more tranches on private placement basis during the period of one year commencing from the date of 65th Annual General Meeting ("AGM") for an amount not exceeding INR 7,500 million. This proposal is subject to the approval of members at the upcoming AGM. The said borrowings arc within the overall borrowing limits approved by members under Section 180(1)(c) of the Companies Act 2013.