Juniper Hotels Ltd - Board Meeting Outcome for Outcome Of Board Meeting Dated October 04, 2024

Further to our previous communication vide letter no. JHL/SJ/2024/52 dated August 30, 2024, regarding the acquisition of a hotel asset in Bangalore, this is to inform you that the Board of Directors of Juniper Hotels Limited ("the Company") has approved the availing of credit facilities through a Term Loan of Rs. 280 crores (Rupees Two Hundred and Eighty Crores Only) from ICICI Bank Limited. This term loan will be utilized to finance the said acquisition. The specific terms and conditions of the loan agreement will be shared with you in due course once the agreement is executed.