Satin Creditcare Network Limited announced that the Working Committee of the Board of Directors of the Company, in its meeting held on January 6, 2023, considered and approved the terms and conditions for issuance of 2,500 secured, rated, listed, redeemable, transferable, non-convertible debentures of face value of INR 100,000 each, with an aggregate value of INR 250,000,000 on private placement basis. The Debentures are proposed to be allotted on January 16, 2023 ("Deemed Date of Allotment"). Tenure: Upto 48 months from the Deemed Date of Allotment.

The Debentures shall be redeemed on the date occurring on the expiry of 48 months from the Deemed Date of Allotment (being January 16, 2027) ("Redemption Date").