Vardhman Textiles Limited announced that the Committee of Directors in its meeting held on 9 March, 2023 had approved to issue 15,000 Rated Listed Unsecured Non-Convertible Debentures of INR 1,00,000/- each aggregating to INR 1,500 million on Private Placement basis. Tenure of instrument is 376 days. Date of allotment: Proposed to be allotted on or before March 24, 2023.

Date of maturity is March 27, 2023. Coupon/interest offered: Not exceeding 7.70% p.a. Actual Coupon Rate will be discovered during bidding process on the Electronic Book Provider Platform. Schedule of payment of coupon/interest and principal: On Maturity - March 27, 2023.

Details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures: Bullet Redemption on 27 March, 2024.