Disclosure of reasons for encumbrance

Name of listed company : Limited

Name of the recognised stock exchanges : BSE Limited where the shares of the company are listed National Stock Exchange of Limited

Name of the promoter(s) / PACs whose : Reliance Project Ventures And Management Private shares have been encumbered Limited

Total promoter shareholding in the listed company No. of shares – : 102869031 % of total share capital - : 39.11 Encumbered shares as a % of promoter : 98.11 shareholding Whether encumbered share is 50% or more : YES / NO of promoter shareholding Whether encumbered share is 20% or more : YES / NO of total share capital Details of all the existing events/ agreements pertaining to encumbrance

Date of creation of encumbrance 12-Oct-15 20-Jan-16 05-Jul-16 17-Nov-16 25-Nov-16 01-Feb-17 30-May-17 25-Oct-17 16-Nov-17 13-Dec-17 14-Dec-17 05-Feb-18 13-Mar-18 17-May-18 06-Jul-18 31-Aug-18 25-Sep-18 25-Sep-18 27-Sep-18 14-Feb-19 14-Feb-19 06-Mar-19 Type of encumbrance (pledge, lien, negative lien, Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge Pledge non-disposal undertaking etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance) No. and % of No. of shares: 7500000 4000000 4000000 1000000 7700000 2800000 3000000 8000000 6000000 9600000 548937 500000 3500000 3500000 2500000 2600000 2000000 2700000 6000000 5500000 7500000 4100000 shares % of total share capital: 2.85 1.52 1.52 0.38 2.93 1.06 1.14 3.04 2.28 3.65 0.21 0.19 1.33 1.33 0.95 0.99 0.76 1.03 2.28 2.09 2.85 1.56 encumbered Specific details Name of the entity in whose Indusind Bank Axis Trustee Axis Trustee Axis Trustee Axis Trustee Axis Trustee Indusind Bank Limited Axis Trustee Services Axis Trustee Services Axis Trustee Services Axis Trustee Services Axis Trustee Services Axis Trustee Services Axis Trustee Services Axis Trustee Services Indusind Bank Limited Axis Trustee Services Axis Trustee Services Indusind Bank Limited IDBI Trusteeship Yes Bank Limited Axis Trustee Services about the favour shares encumbered Limited Services Limited Services Limited Services Limited Services Limited Services Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Services Limited Limited encumbrance (X) Whether the entity X is a Scheduled Trustee Company Trustee Company Trustee Company Trustee Company Trustee Company Scheduled Commercial Trustee Company Trustee Company Trustee Company Trustee Company Trustee Company Trustee Company Trustee Company Trustee Company Scheduled Trustee Company Trustee Company Scheduled Trustee Company Scheduled Trustee Company scheduled commercial bank, Commercial Bank Bank Commercial Bank Commercial Bank Commercial Bank public financial institution, NBFC or housing finance company? If No, provide the nature of the business of the entity. Names of all other entities in Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Project Reliance Reliance Project the agreement Listed Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Ventures and Innoventures Private Ventures and company and its group Management Management Management Management Management Management Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Management Private Limited Management Private companies (if any) Other Private Limited Private Limited Private Limited Private Limited Private Limited Private Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited Limited entities (if any) – Reliance Big Reliance Reliance Wind Reliance Wind Reliance Reliance Wind Reliance Reliance Reliance Wind Turbine Reliance Wind Turbine Reliance Infrastructure Reliance Wind Turbine Reliance Infrastructure Reliance Wind Turbine Reliance Reliance Reliance Wind Turbine Reliance Wind Turbine Reliance IDBI Trusteeship Reliance Project Communications Turbine Installators Turbine Communications Turbine Communications Communications Installators Industries Installators Industries Consulting & Engineers Installators Industries Consulting & Engineers Installators Industries Communications Communications Installators Industries Installators Industries Communications Services Limited Ventures and Communications Private Limited Enterprises Industries Private Installators Enterprises Private Installators Enterprises Private Enterprises Private Private Limited Private Limited Private Limited Private Limited Private Limited Private Limited Enterprises Private Enterprises Private Private Limited Private Limited Enterprises Private Management Private Enterprises Private Private Limited Limited Industries Private Limited Industries Private Limited Limited Limited Limited Limited Limited Limited Limited Limited Reliance Big Axis Trustee Axis Trustee Reliance Reliance Reliance Inceptum Reliance Big Reliance Reliance Inceptum Reliance Big Private Reliance Inceptum Reliance Big Private Reliance Reliance Innoventures Reliance Inceptum Reliance Reliance Inceptum Reliance Inceptum Yes Bank Limited Reliance Innoventures Entertainment Services Limited Services Limited Innoventures Infradevelopment Private Limited Entertainment Private Infradevelopment Private Limited Limited Private Limited Limited Infradevelopment Private Limited Private Limited Infradevelopment Private Private Limited Private Limited Private Limited Private Limited Private Limited Private Limited Limited Private Limited Private Limited Limited Axis Trustee Reliance Axis Trustee Reliance Big Axis Trustee Services Axis Trustee Services Axis Trustee Services Reliance Inceptum Axis Trustee Services Reliance Inceptum Axis Trustee Services Reliance Endeavour Reliance Big Axis Trustee Services Axis Trustee Services Reliance Big Reliance Endeavour Services Limited Endeavour Services Limited Entertainment Private Limited Limited Limited Private Limited & Limited Private Limited & Limited Management Private Entertainment Private Limited Limited Entertainment Private Management Private Management Limited & Digital Axis Trustee Services Axis Trustee Services Limited & Limited & Zapak Limited & Zapak Limited & Private Limited Entertainment Limited Limited Limited Axis Trustee Services Digital Entertainment Digital Entertainment Axis Trustee Services Limited Ltd Ltd Limited Whether the YES / NO (If yes) No No No No Yes No No No No Yes Yes Yes Yes No Yes No No Yes No YES No Yes encumbrance is 1. Name of the issuer NA NA NA NA Reliance NA NA NA NA Reliance Big Private Reliance Infrastructure Reliance Big Private Reliance Infrastructure NA Reliance Endeavour NA NA Reliance Big Private NA Reliance Power Limited NA Reliance Endeavour relating to any Endeavour Limited Consulting & Engineers Limited Consulting & Engineers Management Private Limited Management Private debt instruments Management Private Limited Private Limited Limited Limited viz. debenture, 2. Details of the debt NA NA NA NA 10.50% Secured NA NA NA NA 12% Secured Unlisted 12% Secured Unlisted 12% Secured Unlisted 12% Secured Unlisted NA 10.50% Secured NA NA 12% Secured Unlisted NA Reset Rate, Secured, NA 10.50% Secured commercial paper, instrument Redeemable Non Rated Redeemable Non Rated Redeemable Non Rated Redeemable Non Rated Redeemable Non Redeemable Non Rated Redeemable Non Not guaranteed, Redeemable Non certificate of Convertible Convertible Debentures- Convertible Debentures Convertible Debentures- Convertible Debentures Convertible Debentures Convertible Debentures- Taxable, Non Convertible Debentures deposit etc.? If Debentures of face Series 1, Series 2, of face value of Rs. Series 1, Series 2, of face value of Rs. of face value of Rs. Series 1, Series 2, Cumulative, Rated, of face value of Rs. yes, provide value of Rs. Series 3 - face value of 10,00,000/- each Series 3 - face value of 10,00,000/- each 1,00,000/- each Series 3 - face value of Redeemable, Non 1,00,000/- each details about the 1,00,000/- each Rs. 10,00,000/- each; Rs. 10,00,000/- each Rs. 10,00,000/- each Convertible Private instrument, Placement of including credit Debentures Series - I rating (2018) 3. Whether the debt NA NA NA NA No NA NA NA NA No No No No NA No NA NA No NA YES - BSE Limited NA No instrument is listed on stock exchanges? 4. Credit Rating of the debt NA NA NA NA AA (SO) NA NA NA NA AA- (SO) AA- (SO) AA- (SO) AA- (SO) NA AA (SO) NA NA AA- (SO) NA ICRA : BBB NA AA (SO) instrument 5. ISIN of the instrument NA NA NA NA INE190W07038 NA NA NA NA Series 1 - INE428K07011 Series 1 - INE428K07011 NA INE190W07038 NA NA Series 1 - NA INE614G07063 NA INE190W07038 INE333T07048 INE333T07048 INE333T07048 Series 2 - Series 2 - Series 2 - INE333T07055 INE333T07055 INE333T07055 Series 3 - Series 3 - Series 3 - INE333T07063 INE333T07063 INE333T07063 Security Cover / Value of shares on the date of 2609250000 1818800000 2183000000 2728750000 3469620000 4070430000 4851000000 5841600000 6154800000 4323360000 249464420 4506620000 1828702396 4494575000 3925470000 6261145000 6144155000 4074880000 5801625000 645425000 880125000 1926210000 Asset Cover event/ agreement (A) Amount involved (against 1000000000 3000000000 3000000000 3000000000 5116700000 6000000000 4500000000 3000000000 6000000000 5750000000 6500000000 5750000000 6500000000 6000000000 5116700000 5750000000 6000000000 5750000000 5750000000 5450000000 2500000000 5116700000 which shares have been encumbered) (B) Ratio of A / B 2.61 0.61 0.73 0.91 0.68 0.68 1.08 1.95 1.03 0.75 0.04 0.78 0.28 0.75 0.77 1.09 1.02 0.71 1.01 0.12 0.35 0.38 End use of money Borrowed amount to be utilized for what purpose – (a) Personal use by No No No No No No No No No No No No No No No No No No No No No No promoters and PACs (b) For the benefit of listed company Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc. (c) Any other reason (please Repayment of Refinancing of General Corporate General General Corporate General Repayment of loans and 1) Refinancing of General Corporate General Corporate General Corporate General Corporate General Corporate General Corporate General Corporate Repayment of loans General Corporate General Corporate Repayment of loans For on lending as Refinance of loans General Corporate specify) loans and promoter group purpose including Corporate Purpose including Corporate advances/ inter promoter group inter purpose including Purpose of the Borrower Purpose of the Borrower Purpose of the Borrower Purpose of the Borrower purpose including Purpose including and advances/ inter purpose including Purpose of the Borrower and advances/ inter Subordinated debt/ availed for meeting Purpose including advances/ inter inter corporate repayment of purpose including retirement of any purpose including corporate deposits from corporate deposits repayment of exisiting of the Borrower repayment of exisiting retirement of any corporate deposits repayment of exisiting corporate deposits ICDs/ Loans and capital expenditure in retirement of any corporate deposits deposits utilised exisiting loans & repayment of permitted facility & repayment of group companies & utilised for meeting loans & advances & loans & advances & permitted facility & from group companies loans & advances & from group companies advances to group form of windmill permitted facility & from group for meeting the advances & exisiting loans & investment in group exisiting loans & others of the Borrower. the business investment in group investment in group investment in group & others of the investment in group & others of the companies of Borrower assets, medical investment in group companies & business investment in advances & companies of the advances & operation companies of the companies of the companies of the Borrower. companies of the Borrower. in Infrastucture space; equipments, companies of the others of the operation group companies investment in Borrower. investment in requirements of the Borrower. Borrower. Borrower. Borrower. Reimbursement of business expenditure Borrower. Borrower. requirements of of the Borrower. group companies group companies Borrower Group ICDs utilized for for the EPC the Borrower of the Borrower. of the Borrower. on-lending as business, working subordinated capital requirments, debt/ICDs/Loan and meeting advances to group maintainence capital companies of borrower expenditure in Infrastruture space; requirements & for Refinancing of term on lending to loans availed by the infrastructure Borrower; Expenses in subsidiaries/ group relation to the issue of companies in form of the Borrower. ICD/ sub debt or refinance promoter loans used for such purpose or meeting promoters contribution in form of equity/ acquisition of shares in infrastructure companies by the Borrower

Notes: 1) On 03/05/2016, The above pledge The above pledge 1) The above 1) On 07/06/2019, 1) The above 1) On 03/05/2016, 1) The above pledge 1) The above pledge is 1) On 13/06/2019, 1) On 13/06/2019, 1)On 13/06/2019, 1) On 13/06/2019, 1) The above pledge is 1) On 07/06/2019, 1) On 03/05/2016, 1) The above pledge is in 1) On 13/06/2019, 1) 1) On 03/05/2016, The value of shares 1) On 07/06/2019, 2500000 equity is in addition to is in addition to pledge is in 2000000 equity pledge is in 2500000 equity shares is in addition to other in addition to other 723000 equity shares 766000 equity shares 723000 equity shares 766000 equity shares in addition to other 2000000 equity shares 2500000 equity addition to other security 723000 equity shares 2500000 equity has been taken for 2000000 equity shares shares held by other security other security addition to other shares held by addition to other held by RPVMPL were security provided to security provided to held by RPVMPL were held by RPVMPL were held by RPVMPL were held by RPVMPL were security provided to held by RPVMPL were shares held by provided to secure the held by RPVMPL were shares held by cumulative number of held by RPVMPL were RPVMPL were provided to secure provided to secure security provided RPVMPL were security provided released. secure the facility secure the facility invoked. invoked. invoked. invoked. secure the facility invoked. RPVMPL were facility invoked. RPVMPL were shares pledged on invoked. released. the facility the facility to secure the invoked. to secure the 2) On 08/03/2019, released. released. the date of facility facility 5000000 equity shares 2) The value of 2) The value of shares 2) The above pledge is 2) The above pledge is in 2) The above pledge is 2) The above pledge is in 2) The value of shares 2) The above pledge is in 2) The value of shares 2) The above pledge is in encumbrance. 2) The above pledge is 2) On 08/03/2019, 2) The above held by RPVMPL were shares has been has been taken for in addition to other addition to other security in addition to other addition to other security has been taken for addition to other security 2) On 08/03/2019, has been taken for addition to other security 2) On 08/03/2019, in addition to other 5000000 equity 2) The value of pledge is in addition 2) The value of invoked. taken for cumulative cumulative number of security provided to provided to secure the security provided to provided to secure the cumulative number of provided to secure the 5000000 equity cumulative number of provided to secure the 5000000 equity security provided to shares held by shares has been to other security shares has been 3) The above pledge is number of shares shares pledged on the secure the facility facility secure the facility facility shares pledged on the facility shares held by shares pledged on the facility shares held by secure the facility RPVMPL were taken for provided to secure taken for in addition to other pledged on the date of date of encumbrance. date of encumbrance. RPVMPL were date of encumbrance. RPVMPL were invoked. cumulative number the facility cumulative security provided to encumbrance. 3) The outstanding 3) The outstanding 3) The outstanding 3) The outstanding invoked. 3) The outstanding invoked. 3) The value of shares of shares pledged number of shares secure the facility amount involved is Rs. amount involved is Rs. amount involved is Rs. amount involved is Rs. amount involved is Rs. has been taken for 3) The above on the date of pledged on the 4) The loan of Rs. 150 398 Crore. 418 Crore. 398 Crore. 418 Crore. 3) The above pledge is 398 Crore. 3) The above pledge cumulative number of shares have now encumbrance. date of Crore availed by Zapak in addition to other is in addition to other shares pledged on the been pledged for encumbrance. Digital Entertainment 4) The value of shares 4) The value of shares security provided to 4) The value of shares security provided to date of encumbrance. loan facility of Rs. Limited from IndusInd has been taken for has been taken for secure the facility has been taken for secure the facility 300 Crore Bank Limited has been cumulative number of cumulative number of cumulative number of repaid in full shares pledged on the shares pledged on the 4) The loan of Rs. 150 shares pledged on the 4) The loan of Rs. 150 5) The value of shares date of encumbrance. date of encumbrance. Crore & Rs. 125 date of encumbrance. Crore & Rs. 125 has been taken for Crore availed from Crore availed from cumulative number of IndusInd Bank Limited IndusInd Bank Limited shares pledged on the has been repaid in full has been repaid in full date of encumbrance. 5) The value of shares 5) The value of shares has been taken for has been taken for cumulative number of cumulative number of shares pledged on the shares pledged on the date of encumbrance. date of encumbrance.