 

Tata Term INR 400.00 400.00 7.75% below Principal 3.00 % on the 202.50

 

Capital Joan theLTLR 20 quarterly entire
Finance facility subjecttoa instalments outstanding
Services Long minimum of dues
Limited — term 10.75% p.a. Interest ~ 60
working monthly
capital instalments
Total 3,840.00 2,402.72
Notes:

1. Excluding operating lease, sales bill discounting, sales/purchase invoice bill discounting and letter of credit facilities availed
by our Company and interest accrued but not due as at December 31, 2020.

2. Unamortized portion of upfront fee of ® 10.62 million has been deducted pertaining to the above loans.
* As per certificate issued by our Statutory Auditors dated February 25, 2021.

As per the certificate dated February 25, 2021 issued by our Statutory Auditors, the amounts drawn down
under above-mentioned loans have been utilized towards purposes for which such loans have been
availed. For further information on the terms and conditions of these financing arrangements, see
“Financial Indebtedness” on page 322.

Our Company will approach the lenders after completion of this Offer for repayment/prepayment of the
above loans. The amounts under our loan facilities may be dependent on various factors and may include
intermediate repayments and drawdowns. Accordingly, it may be possible that amount outstanding under
our loan facilities may vary from time to time. We may, from time to time, repay, refinance, enter into
further financing arrangements or draw down funds from any such existing term loan facilities. In such
event, we may utilize the Net Proceeds towards repayment/pre-payment of any existing or additional
indebtedness which will be selected based on various commercial considerations including, among
others, the interest rate on the loan facility, the amount of the loan outstanding and the remaining tenor
of the loan, any conditions attached to the borrowings restricting our ability to pre-pay/repay the
borrowings, receipt of consents for pre-payment from the respective lenders and applicable law
governing such borrowings. However, the aggregate amount to be utilized from the Net Proceeds towards
repayment/prepayment of loans, in part or full, availed of by our Company will not exceed = 1,200.00
million.

We may be required to obtain the prior consent of or notify certain of our lenders prior to the repayment.
Further, we may be subject to the levy of pre-payment penalties or premiums, depending on the facility
being repaid/prepaid, the conditions specified in the relevant documents governing such credit facility
and the amount outstanding/being pre-paid/repaid, as applicable. Payment of pre-payment penalty or
premium, if any, shall be made by our Company from the Net Proceeds. If the Net Proceeds are
insufficient to the extent required for making payments for such pre-payment penalties or premiums,
such excessive amount shall be met from our internal accruals.

General corporate purposes

The Net Proceeds will first be utilized for repayment/pre-payment, in full or part, of certain borrowings
availed of by our Company, as set out above. Subject to this, our Company intends to deploy any balance
left out of the Net Proceeds towards general corporate purposes and the business requirements of our
Company and our Subsidiaries, as approved by our Board, from time to time, subject to such utilization
for general corporate purposes not exceeding 25% of the gross proceeds of the Fresh Issue, in compliance
with the SEBI ICDR Regulations.

Such general corporate purposes may include capital expenditure, strategic initiatives, partnerships, joint
ventures and acquisitions, meeting fund requirements which our Company may face in the ordinary
course of business, investments into our Subsidiaries, part or full repayment/prepayment of debt of our
Company or any of our Subsidiaries, and meeting working capital requirements incurred in the ordinary
course of business towards salaries and wages, rent, administration expenses, insurance related expenses,
repairs and maintenance and the payment of taxes and duties and any other purpose as may be approved
by the Board or a duly appointed committee from time to time, subject to compliance with the necessary
provisions of the Companies Act 2013. Our management will have the flexibility in utilizing surplus
amounts, if any, as may be approved by the Board or a duly appointed committee from time to time. In
case of variation in the actual utilization of funds designated for the purposes set forth above, increased

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