DCM Ltd. — Regulatory Filings 2020

Jul 6, 2020

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LIMITED

June 06, 2020

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra - Kurla Complex Bandra (E), Mumbai - 400 051

Scrip Code: DCM / 502820 ISIN: INE498A01018

Sub: Disclosures of defaults on payment of interest / repayment of principal amount of loans from banks / financial institutions – the quarter ended as on 30.06.2020.

Dear Sir,

In terms of Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/CFD/CMD1/CIR/ P/2019/140 dated November 21, 2019, please find enclosed herewith relevant disclosures of defaults on payment of interest/ repayment of principal amount of loans from banks/financial institutions as on 30.06.2020 in specified formats as Annexure I.

This is for your information and record.

Thanking you,

For DCM Limited

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Vimal Prasad Gupta Company Secretary & Compliance Officer FCS 6380

Registered office:

Unit Nos. 2050 to 2052, Plaza - II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi – 110006.

Phone: (011) 41539170

CIN: L74899DL1889PLC000004, Website: www.dcm.in, Email Id: investors@dcm.in

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LIMITED

Annexure I

Disclosures as per SEBI circular dated November 21, 2019 in respect of defaults of payment of interest/ repayment of principal amount on loans from banks / financial institutions and listed debt securities as at June 30, 2020 (as per format C2.b) :

Sr. No	Type of disclosure	in INR crores
1	Loans/revolvingfacilities like cash credit from banks/financial institutions
A	Total amount outstandingas on date	30.15
B	Of the total amount outstanding, amount of default as on date	9.51
2	Unlisted debt securities i.e. NCDs and NCRPS	NA
A	Total amount outstandingas on date	NA
B	Of the total amount outstanding,amount of default as on date	NA
3	Total financial indebtedness of the listed entityincludingshort-term and long-term debt	30.15

Note:

• 1- The Board of Directors of the company have approved a composite Scheme of Arrangement in its meeting held on 28.11.2019 which provides for:

  • (i) Transfer of Engineering Business Undertaking of DCM Limited (Transferor Company) into DCM Engineering Ltd (Transferee Company - formerly known as DCM Tools & Dies Limited, a wholly owned subsidiary of the Company) on a going concern basis by way of slump sale.

  • (ii) Restructuring of outstanding loan, debts and liabilities pertaining to Engineering Business to improve its serviceability and revive the said Engineering Business.

The above Scheme has been filed with stock exchanges for seeking their no-objection. The Company has received observation letter from the Stock Exchanges enabling the Company to file the Scheme with H’ble National Company Law Tribunal for seeking their approval.

• 2- The above default amount is as per original terms of sanction of borrowings and effect of scheme is not considered as the same is pending for approval from concerned regulatory authorities.

• 3- Instalments (including interest) of Term Loan (DLOD) from HDFC Bank due after December 2019 has been considered adjusted against the amount of Rs 179.81 lacs recovered by bank on 13.01.2020 which was not due, and credited in DLOD account out of funds available in the current account with them.

Registered office:

Unit Nos. 2050 to 2052, Plaza - II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi – 110006.

Phone: (011) 41539170

CIN: L74899DL1889PLC000004, Website: www.dcm.in, Email Id: investors@dcm.in