AI assistant
Bajaj Electricals Ltd. — Capital/Financing Update 2021
Nov 9, 2021
60535_rns_2021-11-09_bc48522d-d100-4c93-9de8-85ccfd50668c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
November 9, 2021
==> picture [169 x 56] intentionally omitted <==
To, BSE Limited
: Code No. 500031
Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001
National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
: BAJELEC - Series: EQ BAJ22 -Series C NCDs INE193E08012
Dear Sir/Madam,
Sub.: Proposal to prepay the 750 (Series-C) Listed, Unsecured, Redeemable Non-convertible Debentures having face value of Rs. 10,00,000 each amounting to Rs.75 crore (“NCDs”) of Bajaj Electricals Limited (“the Company”)
Pursuant to the provisions of the terms of issue as enumerated in the Information Memorandum dated February 18, 2019, and Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (“ SEBI Listing Regulations ”), we wish to inform you that a proposal to prepay the NCDs of the Company shall be placed before the Board of Directors for its consideration and approval at its Meeting to be held on November 12, 2021.
The said decision/approval of the Board of Directors shall be further subject to the consents to be obtained from the Debenture Holder and Debenture Trustee of the said NCDs.
The following are the details w.r.t. the said NCDs:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Type of the Security | 750 (Series-C) Listed Unsecured Redeemable Non-Convertible Debentures of Rs. 10,00,000 each |
| 2. | Issue Size | Rs. 75 crore |
| 3. | ISIN | INE193E08012 |
| 4. | Listed on Stock Exchange | The National Stock Exchange of India |
| 5. | Debenture Holder | HDFC Trustee CompanyLimited |
| 6. | Debenture Trustee | Axis Trustee Services Limited |
| 7. | Date of Redemption as perthe terms of issue. | February 18, 2022 |
We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations.
Thanking you,
Yours Faithfully, For Bajaj Electricals Limited
Digitally signed by AJAY SURESH AJAY SURESH NAGLE NAGLE Date: 2021.11.09 19:04:52 +05'30' Ajay Nagle EVP and Head – Legal & Company Secretary
Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000
Email ID: [email protected] Website: www.bajajelectricals.com
Corporate Identity Number (CIN): L31500MH1938PLC009887