Nilkamal Limited at a meeting of the Debenture Committee of the Issuer held on 7 March, 2022 approved pricing, tenure and other terms and conditions for issuance of NCDs. The Committee has approved the placement memorandum for issuance of(i) Series A Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of INR 1,000,000 each and in multiples thereof aggregating to INR 500,000,000 (The "Series A Debentures"); and (ii) Series B Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of INR 1,000,000 each and in multiples thereof aggregating to INR 490,000,000 (The "Series B Debentures") total aggregating upto INR 990,000,000, collectively referred to as ("Debentures or "NCDs") by the Committee. Type of issuance is Private Placement.

Tenure of NCDs: Series A - 3 (Three) years from the deemed date of Allotment and Series B- 5(Five) years from the deemed date of Allotment. Issue Price is at par. Coupon/interest offered, schedule of payment of coupon/interest and principal; 6.80% p.a. Annual payment For Series A: March 8, 2023, March 8, 2024, and March 7, 2025.

7.40% p.a. Annual payment For Series B: March 8, 2023, March 8, 2024, March 10, 2025, March 9, 2026, and March 8, 2027.