Shree Cement Limited announced that NCD Committee of the Board of Directors of the company at its meeting held on September 25, 2023, approved the issuance of secured, rated, redeemable, taxable, non-convertible debentures ("NCDs") with a base issue size of INR 3,500 million with an option to retain oversubscription upto INR 3,500 million aggregating to a total Issue size of upto INR 7,000 million on private placement basis to certain eligible investors permitted to invest in the NCDs under applicable laws. Tenure of the instrument- date of allotment and date of maturity: Deemed date of Allotment: September 26, 2023. Date of Maturity: October 26, 2030.

Schedule of payment of coupon/interest and principal: Interest payable on annual basis and on redemption. Repayment: Upon redemption on October 26, 2030.