Tilaknagar Industries Ltd. has made a prepayment of the entire outstanding principal along with accrued interest of INR 541.0 million towards EARC Trust SC 233 and EARC Trust SC 269. As per terms of restructuring by EARC, the Balance Debt shall remain outstanding till the time the restructured debt is repaid. The Balance Debt along with accrued interest shall be waived by EARC once the restructured debt has been repaid. Consequent to the above prepayment, the corresponding Balance debt of the two trusts i.e EARC Trust SC 233 and EARC Trust SC 269
aggregating to INR 1,266.3 million has been waived by EARC and accordingly the same shall be written back by the Company. Accordingly, the total existing debt of EARC now stands reduced to INR 2,010.9 million (including Balance Debt of INR 36.2 million) representing debt of EARC
Trust SC 241 only.