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Satra Properties (India) Ltd. - Announcement Under Regulation 30 (LODR) - Disclosure Regarding Payment Of Interest And Final Redemption Of Unlisted Secured Redeemable Non-Convertible Debentures

| Updated on April 03, 2019

Pursuant to our earlier letter dated 20th April, 2017 pertaining to revised dates of redemption of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) alongwith interest, as on date the Company is not liable to make any payment towards the redemption of the NCDs, in as much as, a complete settlement of all liabilities of Satra Group to the M J Shah Group has been arrived at between M J Shah Group, which includes Mr. Mayank J Shah and Mrs. Shruti Shah (the holders of all the NCDs), and Satra Group, which includes the Company. In view of the said settlement, the entire liability of the Company, towards redemption of all the 4,330 NCDs payable in various tranches starting from 2nd April, 2019 and ending on 2nd December, 2019 along with interest, has stood extinguished.

Pdf Link: Satra Properties (India) Ltd. - Announcement Under Regulation 30 (LODR) - Disclosure Regarding Payment Of Interest And Final Redemption Of Unlisted Secured Redeemable Non-Convertible Debentures

Source : BSE - www.bseindia.com

Published on April 03, 2019

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