Shriram City Union Finance Limited - Karvy

We may at our discretion redeem the NCDs without the requirement of surrendering of the NCD certificates bythe holder(s) thereof. In case we decide to do so, the holders of NCDs need not submit the NCD certificates to usand the redemption proceeds would be paid to those NCD holders whose names stand in the register of NCDholders maintained by us on the record date fixed for the purpose of redemption of NCDs. In such case, the NCDcertificates would be deemed to have been cancelled. Also see the para “Payment on Redemption” given below.NCDs held in electronic form:No action is required on the part of NCD holder(s) at the time of redemption of NCDs.Payment on RedemptionThe manner of payment of redemption is set out below:NCDs held in physical form:The payment on redemption of the NCDs will be made by way of cheque/pay order/ electronic modes.However, if our Company so requires, the aforementioned payment would only be made on the surrender ofNCD certificate(s), duly discharged by the sole holder / all the joint-holders (signed on the reverse of theNCD certificate(s)). Despatch of cheques/pay order, etc. in respect of such payment will be made on theRedemption Date or (if so requested by our Company in this regard) within a period of 30 days from the dateof receipt of the duly discharged NCD certificate.In case we decide to do so, the redemption proceeds in the manner stated above would be paid on theRedemption Date to those NCD holders whose names stand in the register of NCD holders maintained by us onthe record date fixed for the purpose of Redemption. Hence the transferees, if any, should ensure lodgement ofthe transfer documents with us at least 7 (seven) days prior to the record date. In case the transfer documentsare not lodged with us at least 7 (seven) days prior to the record date and we dispatch the redemption proceedsto the transferor, claims in respect of the redemption proceeds should be settled amongst the parties inter seand no claim or action shall lie against us or the Registrars.Our liability to holder(s) towards his/their rights including for payment or otherwise shall stand extinguishedfrom the date of early redemption (in case of an exercise of the put/call option)/ redemption in all events andwhen we dispatch the redemption amounts to the NCD holder(s).Further, we will not be liable to pay any interest, income or compensation of any kind from the date ofredemption of the NCD(s).NCDs held in electronic form:On the redemption date, or the date of early redemption (in case of an exercise of the put/call option),redemption proceeds would be paid by cheque /pay order / electronic mode to those NCD holders whosenames appear on the list of beneficial owners given by the Depositories to us. These names would be as perthe Depositories’ records on the record date fixed for the purpose of redemption. These NCDs will besimultaneously extinguished to the extent of the amount redeemed through appropriate debit corporate actionupon redemption of the corresponding value of the NCDs. It may be noted that in the entire process mentionedabove, no action is required on the part of NCD holders.Our liability to NCD holder(s) towards his/their rights including for payment or otherwise shall standextinguished from the date of early redemption (in case of an exercise of the put/call option)/ redemption inall events and when we dispatch the redemption amounts to the NCD holder(s).Further, we will not be liable to pay any interest, income or compensation of any kind from the date ofredemption of the NCD(s).Redemption Date146