Raising of Funds

| Updated on February 01, 2018 Published on September 09, 2017

Sub: Intimation of proposed issue of Non Convertible debentures

This is to inform that a meeting of Board of Directors of the Company was held on 24th August 2017 to consider and approve the issue of Rated, Listed, Secured, Redeemable, Non Convertible Debentures of Rs.75 Crores on Private Placement basis.

We wish to submit the following details of the issue:

i. Size of the Issue Rs.75 Crores ( Face Value Rs.10 Lakhs each)
ii. Whether proposed to be listed? Yes, with BSE
iii. Tenure of the instrument 72 Months
Date of Allotment - 18/09/2017
Date of Maturity- 15/09/2023
iv. Coupon/interest offered 11.00% p.a payable semi annually
v. Charge/security if any created over the assets Secured by way of hypothecation of book debt which shall be maintained at 100% of debentures outstanding.

We request you to kindly take the above on record.

Pdf Link: Raising of Funds

Source : BSE - www.bseindia.com

Published on September 09, 2017
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