Lancor Holdings Limited has inter alia approved issuance of Non-Convertible Debenture (NCDs) to the applicant totally aggregating to INR 600 million with a Face value of INR 100,000/- each on private placement basis in one or more tranches over a period of time. Tenure of the instrument - date of allotment and date of maturity: Date of Allotment: Upon receipt of allotment money; Date of Maturity: 31st May, 2028 (Tentative). Coupon/interest offered, schedule of payment of coupon/interest and principal: 16.5% per annum cash coupon, compounded monthly and payable quarterly.

Schedule of payment of coupon/interest and principal: 12 equal installments post the Principal moratorium period of 4 Quarters (12 months) from the date of allotment of the Debentures. Charge/security, if any, created over the assets: Secured debentures as per the transaction documents. Delay in payment of interest /principal amount for period of more than three months from the due date or default in payment of interest /principal: 3% pm until default is correct.

Details of redemption of preference shares indicating By payment out of sale the manner of redemption (whether out of profits or out of fresh issue) and debenture: By Payment out of sale proceeds of asset.