G R Infraprojects Limited announced that at its board meeting held on 29 May 2024, approved the issuance of non-convertible debentures on Private Placement basis within the borrowing limits of the company. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): Upto 20,000 NCDs for an aggregate amount upto INR 2,000 million having face value of INR 100,000 each. Size of the Issue: Upto INR 2,000 million.

Tenure of the instrument: 10 years from the deemed date of allotment. Coupon/interest offered, schedule of coupon/interest and principal: Upto 8.18% p.a. In case of default in payment of interest and/or principal redemption on the due dates, additional interest at 2% p.a. over the documented rate will be payable by the company for the defaulting period. Bullet payment at the end of 10th year from the deemed date of allotment.