K World Estate Pvt Ltd - Compliances-Reg. 54 - Asset Cover details

| Updated on April 04, 2019 Published on April 04, 2019

Dear Sirs,
We hereby disclose that in compliance of regulation 54(2) of the SEBI (LODR) regulation, 2015, the Company has created/ modified and maintained 100% asset cover during the entire tenure of the NCDs, which are available by way of sufficient security to discharge the claims of the debenture holders as and when they become due.
Following property has been mortgaged in favour M/s IDBI Trusteeship Services Limited Debenture Trustee :
(A) Equitable Mortgage on Project KW SRISHTI ;
(B) Hypothecation on the Assets;
(C) Pledge on 100% shareholding of the Company and
(D) book debts (Future cash flow)
2. IMMOVABLE PROPERTY: Khasra No. 1125/1 (1.3562 hectare), 1125/2 (1.3562 hectare), and 1125/3 (1.3562 hectare), totalling to 4.0686 hectare, equivalent to 10.05 acres, falling under village Noor Nagar, NH-58, Rajnagar Extension, tehsil and District Ghaziabad, Uttar Pradesh 201017 and as detailed in the Debenture Trust Deed

This is for your information please.

Pdf Link: K World Estate Pvt Ltd - Compliances-Reg. 54 - Asset Cover details

Source : BSE - www.bseindia.com

Published on April 04, 2019
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