Precot : Outcome of Board Meeting

Pre c o~

April 15, 2022

The Manager,

Listing Department,

National Stock Exchange of India Limited, 'Exchange Plaza', C-1, Block G,

Bandra - Kurla Complex, Bandra (East),

Mumbai - 400051.

Dear Sir/ Madam,

Sub: Outcome of Board meeting

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeti ng held today i.e. April 15, 2022, has approved the terms of raising of fund through issuance and allotment of unlisted secured red eemable Non-Convertible Debentures for a value upto Rs. 70 crores on private placement basis.

The relevant details pertaining to the above, as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure.

The Board meeting commenced at 9.45 AM and concluded by 10.05 AM.

Kindly take the information on record.

Thanking you,

Yours truly,

For Precot Limited

~r

Company Secretary

Precot Limited (Formerly Precot Meridian Limited)

Regd Office, D Block, 4th Floor, Hanudev Info Park, Nava India Road, Udaiyampalayam, Coimbatore - 641 028

p!!£~a~e of Unl isted Secured Redeemable Non-convertible Debentures on private placement basis

1. Type of securities proposed to be issued

(viz.equ ity shares, convertibles etc.)

2.

Type of Issuance (further pub lic offeri ng,rights issue, depository receipts (ADR/GDR}, qua lifi ed institutions placement, preferentia l all otment etc.)

3.

Tota l numbers of securities proposed to be issued or total amount for which the securities w ill be issued (approxi mate ly)

Up to 700 Unlisted Secured Redeemable Non- conve rtib le Debentures bearing a face va l ue of Rs.10,00,000/- (Rupees Ten Lakh on ly) each, aggregating up to Rs. 70,00,00,000/- (Rupees Seve nty Cro res on ly)

4.

Size of the issue

Not exceed ing Rs . 70 crores

5.

Whether proposed to be listed?

No. Un listed

6.Tenure of the instrument - date of allotment and date of maturity

Date of all otment of the debent ures w ill be dete rmined by the Company subsequently at t he time of signing of definitive docu ments.

Date of Maturity : 45 months from the Date of All otment

7.

coupon/interest offered, schedu le payment of coupon/interest and pri nc ipa l

8.

charge/security, if any, created over the assets specia l r ight/interest/privi leges attac hed to the in strument and changes thereof de lay in payment of interest I principal amount for a period of more than three months from the due date or default in payment of interest I pri ncipa l

9.

of

10.

11.

detai ls of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along w ith its comments thereon, if any

12 . deta i ls of redemption of preference shares indicati ng the manner of redemption (whether out of profits or out of fres h issue) and debentures

Schedule of payment of interest: 11 .55% p.a. payab le quarterly

Schedule of repayment of pri ncipa l:

Princ ipal amount of the Debentures w il l be payab le i n insta lments on ha lf yea rly basis commencing from 12 months after the all otment.

First charge on specific immovable properties of the Company.

None

Not App licable

Not App licab le

For PRECOT Liv

Regd Office, D Block, 4th Floor, Hanud ev Info Park, Nava Indi a Road, Ud aiyamp alayam, Coimbatore - 641 028

Precot Limited ( Fo rm erly Precot Meridi an Limit ed)

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