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Bayer CropScience Limited. — Capital/Financing Update 2024
Apr 17, 2024
61408_rns_2024-04-17_6e1f89ed-1bde-46ad-a8c3-7f23c69853b8.pdf
Capital/Financing Update
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April 17, 2024
To, The General Manager, Listing Department, BSE Limited, P. J. Tower, Dalal Street, Mumbai – 400 001.
COMPANY CODE : BAYERCROP SCRIP CODE : 506285
Dear Sir/ Madam,
Sub: Submission of Initial Disclosure for the FY 2024-25 as per Chapter XII - Fund raising by issuance of Debt Securities by Large Corporates
Pursuant to the provisions of SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August 2021, as updated on 19th October 2023, and amendments thereto (“the said Circular”) in respect of fund raising by issuance of Debt Securities by large entities, we wish to inform you that Bayer CropScience Limited is not a Large Corporate as per the applicability framework provided in the said Circular and a disclosure is this regard is enclosed herewith as Annexure A .
Bayer CropScience Ltd. CIN: L24210MH1958PLC011173
Registered and Corporate Office: Bayer House Central Avenue Hiranandani Estate Thane (West) – 400 607 Maharashtra, India
Tel : +91 22 2531 1234 Fax : +91 22 2545 5063 www.bayer.in www.cropscience.bayer.com
You are requested to kindly take the above information on record.
Thanking you.
for Bayer CropScience Limited NIKUNJKUMAR Digitally signed by NIKUNJKUMAR JAYSUKHLAL JAYSUKHLAL SAVALIYA Date: 2024.04.17 15:36:51 SAVALIYA +05'30'
Nikunjkumar Savaliya
Company Secretary & Compliance Officer (Membership Number: FCS 7048)
Encl.: As above
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Annexure A
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the Company | Bayer CropScience Limited |
| 2 | CIN | L24210MH1958PLC011173 |
| 3 | Outstanding borrowing of company as on March 31, 2024, as applicable |
NIL |
| 4 | Highest credit rating during the previous FY along with name of the CRA |
Not Applicable |
| 5 | Name of stock exchange* in which the fine shall be paid, in case of shortfall in the required borrowing under the framework |
Not Applicable |
- In terms paragraph of 2.2(d) of the circular, beginning FY 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of stock exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets
We hereby confirm that Bayer CropScience Limited is not a Large Corporate as per the applicability criteria under the Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August 2021, as updated on 19th October 2023, and amendments thereto.
for Bayer CropScience Limited
NIKUNJKUMA Digitally signed by SIMON Digitally signed by NIKUNJKUMAR SIMON JOHANNES R JAYSUKHLAL JAYSUKHLAL SAVALIYA Date: 2024.04.17 JOHANNE BRITSCH SAVALIYA 15:37:09 +05'30' S BRITSCH Date: 2024.04.17 15:38:29 +05'30' Nikunjkumar Savaliya Simon Britsch Company Secretary & Compliance Executive Director and Chief Financial Officer Officer