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AXISCADES TECHNOLOGIES LIMITED — Capital/Financing Update 2024
Mar 21, 2024
61656_rns_2024-03-21_9aa2f69c-c6e3-44cb-a336-8462d94ad3d0.pdf
Capital/Financing Update
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March 21, 2024
The Manager
Listing Department The Manager National Stock Exchange of India Ltd. Dptt. of Corporate Services Exchange Plaza, C-1, Block G BSE Limited Bandra Kurla Complex, Floor 25 Phiroze Jeejeebhoy Towers Bandra (E), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 051 NSE Symbol: AXISCADES BSE Scrip Code: 532395
Dear Sir/Madam,
Sub: Intimation of redemption of Unlisted Unrated Secured Redeemable Non-Convertible Debentures (NCDs) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform the Stock Exchanges that 10,500 Unlisted Unrated Secured Redeemable Non-Convertible Debentures (NCDs), having face value of Rs. 100,000/each, allotted on June 21, 2023, amounting to INR 105 crores (Rupees One Hundred and Five Crores Only) have been redeemed and prepaid by the Company today i.e. 21[st] March 2024 around 2:45 P.M.
The NCDs have been redeemed out of the proceeds of funds raised through Qualified Institutions Placement (QIP) concluded in January 2024. One of the objects of QIP was repayment / prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
The said redemption and prepayment will significantly reduce the Finance Costs of the Company, in the coming periods.
You are requested to take the above information on record.
Yours faithfully,
For AXISCADES Technologies Limited Sonal Digitally signed by Sonal Dudani Dudani Date: 2024.03.21 17:29:34 +05'30' Sonal Dudani
Company Secretary & Compliance Officer
AXISCADES Technologies Limited
(formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com