The Board of Directors of SI Capital & Financial Services Limited at its meeting held on November 11, 2023 approved the Fund-Raising proposal by way of issuance of Secured Unlisted Redeemable Non-Convertible Debentures up to maximum amount of INR 8.9 Million by way of private placement in terms of applicable rules/regulations. Type of securities proposed to be issued: Secured Unlisted Redeemable Non-Convertible Debentures. Type of Issuance Issuance: of NCDs through Private placement to the proposed persons.

Whether proposed to be listed? No. Size of the Issue (total number of securities proposed to be issued or the total amount for which the securities will be issued): Up to maximum of value INR 89,00,000 (Rupees Eighty-Nine Lakhs only) consisting of 8900 Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) of face value of INR 1000 each for cash at par.

Names and No. of Investor(s): As may be decided by the Board of Directors /Committee thereof prior to issuance of Offer Letter with respect to issuance of NCDs up to an overall limit of 200 person per year. Post allotment of securities - outcome of the subscription, issue price/allotted price: The Issue Price of the Secured Unlisted Redeemable Non- Convertible Debentures shall be determined as per the provisions of the Rule 2(ix) of Companies (Deposit) Rules and Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016.