SBEC Sugar Ltd — Important, 01-01-1970: Company Update

SBEC Sugar Limited is subject to an open offer by SBEC Systems and its associated entities for 26% of its voting share capital. The offer price is INR 21.19 per share, totaling `26.25 Cr` for 1.24 Cr shares, which includes a 10% annual interest component as per a Supreme Court directive. An escrow account holds `6.56 Cr` for the offer. The company's independent directors have reviewed the offer. Separately, SBEC Sugar has secured a `40 Cr` loan from Arka Fincap and a `250 Cr` unsecured inter-corporate loan from an associated entity to support operations.