Satin Creditcare Network Limited informed that the Working Committee of the Board of Directors of the Company, in its meeting held on August 3, 2023, has considered and approved the terms and conditions for issuance of 1,417 Unlisted, Rated, Secured, Redeemable, Non-Convertible Debentures denominated in INR, having a face value of INR 100,000 each and an aggregate face value of INR 141,700,000 ("Debentures") on a private placement basis. Tenure of the instrument - proposed date of allotment and date of maturity: Tenure of Instrument: 48 months approximately. Date of Allotment: August 14, 2023.

Date of Maturity: August 14, 2027. Coupon/interest offered, schedule of payment of coupon/interest and principal: Coupon/Interest Rate: 10.85% (ten decimal eight five percent) per annum payable quarterly ("Interest Rate"). Schedule of payment of coupon/interest and principal: The interest/coupon shall be payable on quarterly basis in accordance with, and on the interest payment dates/coupon payment dates set out in, the debenture trust deed executed/to be executed between the Company and the debenture trustee ("DTD").

The Debentures shall be redeemed on a pari passu basis by the Company by making the bullet payment of principal amount in respect of the Debentures in accordance with the DTD on Final Redemption Date as set out in the DTD.