The board of directors of Times Green Energy (India) Limited at its meeting held on 05 August, 2022, approved issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures on Private Placement basis. The details: Type of Issuance: Times Green Energy (India) Limited Secured Redeemable Non-Convertible Debentures (NCD) Issue Series 001; Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): NCDs consisting of 600 unlisted, senior, redeemable, non-convertible debentures issued, aggregating up to INR 30,00,00,000 (Indian Rupees Thirty Crores only); Size of the Issue: 600 Secured, Unlisted, Redeemable Non-Convertible Debentures; Tenure of the instrument: The tenure of the NCDs will be 48 (forty eight) months from the Date of Allotment. Within 60 days of receipt of application money.

The entire Investment Amount ("Schedule Redemption Amount") shall be redeemed at the end of the 48 (forty eight) months from the Date of Allotment; Coupon/interest offered, schedule of coupon/interest and principal: The Company shall pay the fixed coupon of 12.00% (`Coupon') per annum on a half yearly basis on the Investment Amount along with all the applicable Taxes; Charge/security, if any created over the assets: A first ranking charge by way of mortgage over the company's land admeasuring 11374 Square Yards in respect of Sy. No. 236 situated in Dattai Palle Village of Thurkapally Mandal, Yadadri Bhuvanagiri District, Telangana in favor of the Debenture trustee for the benefit of the Debenture holders.