JMC PROJECTS (INDIA) LTD. - Board Meeting Outcome for Outcome Of Board Meeting Held On September 21, 2022

This is to inform you that the Board of Directors of the Company at their meeting held today i.e. September 21, 2022 has inter-alia approved raising of funds upto Rs. 200 Crores (Rs. Two Hundred Crores only) by way of issue of Listed, Rated, Secured/Unsecured, Redeemable Non-Convertible Debentures (NCDs) of the Company on private placement basis, in one or more tranches/series within the borrowing limits approved by the shareholders subject to such statutory and regulatory approvals as may be necessary under applicable laws. The Board further authorized the Management Committee of the Board of Directors of the Company to take necessary steps in this regard, including finalization of the terms of issuance of NCDs. Accordingly, necessary disclosure as required under the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 shall be disclosed once it is finalized by the Management Committee of the Board of Directors of the Company.