Kesoram Industries Limited informed that the company has entered into facility agreement to avail financial assistance/loan from Tata Capital Limited, Tata Capital Housing Finance Limited and Hero Fincorp Limited aggregate of INR 18500 million. Purpose of entering into the agreement: Refinancing of existing debts, transaction and other expenses; Size of agreement: NR 18500 million. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure: Repayment in quarterly instalments after a moratorium period of nine months.

Penal charges may be levied. Nominee Directors may be appointed in case of a default. Other terms as are customary for loans of such nature.

In case of loan agreements: date of execution of the loan: Loan Disbursed on 29 February, 2024; agreement sanction letter details of the security provided to the lenders for such loan: First pari passu charge on Fixed Assets and second pari passu charge on current assets of the Cement business of the Company subject to a carve out of excluded assets of INR 1300 million. The new loan is utilised inter-alia for redemption of Non-Convertible Debentures (NCDs) of the Company. Such redemption has been made prematurely in full resulting in savings of finance cost.