Kesoram Industries Limited at its board meeting held on 17 May 2024 has issued and allotted 3,200 Rupee denominated, secured, unrated, unlisted, redeemable Non-Convertible Debentures (NCDs) of the face value of INR 1,000,000 each aggregating to INR 3,200 million on a private placement basis. Tenor Upto: February 5, 2034. Date of Maturity is February 5, 2034.

Coupon Rate is 11.25% p.a. Coupon type and payment frequency: Fixed and payable monthly. Special right/interest/privileges attached to the instrument and changes thereof: Put option exercisable as per the terms of the DTD. Delay in payment of interest/principal amount for a period of more than three months from the due date or default in payment of interest/principal: Default Interest at the rate of 2% p.a. over and above the coupon rate for the period of default or delay.

Details of redemption of debentures: Principal - to be repaid in 37 structured quarterly instalments starting from February 5, 2025, as per the terms of DTD.