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DCM Ltd. Regulatory Filings 2020
61500_rns_2020-03-02_4cf4354a-9ed4-4b3f-9ea8-365038d2aae6.pdf
Regulatory Filings
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March 02, 2020
BSE Limited
Floor 25, Phiroze ]eejeebhoy 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: INE498AOI018
Sub: Disclosures of defaults on payment of interest amount on loans from banks / financial institutions.
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 amount on loans from banks/financial institutions in specified formats as Annexure I, as per original terms of the borrowings (refer notes given in Annexure I)
This is for your information and record.
~s~ ~a1 Chie Fina~ficer
Registered office: Unit Nos. 2050 to 2052, Plaza - II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi -110006.
e-mail id: [email protected]
Registered Office : . \fk, [axil t Of 41wer )'4 RajeftBrIl PlaGe , ·He'" Delhi-II MOS Phone: (011) 25719967 Rax . (o.Ht?576521.4 . CIN: L74899DL1889PLC000004 Website: www.dcm.in Evmail: [email protected]
IAnnexure-1'
r •
Disclosure of defaults on payment of interest/ repayment of principal amount on loans from banks / financial' institutions and unlisted deb't securities in terms of SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November, 2019:
a. For loans including revolving facilities like cash credit from banks / financial institutions which are proposed to be restructured under Composite Scheme of Arrangement approved by the Board of Directors of the Company, refer note 1 to 3 below (as per format CLa) :
| Sr. No |
Type of disclosure |
Details | |||||
|---|---|---|---|---|---|---|---|
| 1 | Name of the listed entity |
DCM Limited |
|||||
| 2 | Date of making the disclosure |
02.03.2020 | |||||
| 3 | Nature of obligation |
Term Loan/ DLOD/Working capital |
|||||
| 4 | Name of the lender |
State Bank of India, HDFC Bank Limited and ICICI Bank Limited |
|||||
| 5 | Date of default |
01.03.2020 | |||||
| (Break-up of principal and interest in INR Current default amount |
Particulars | Amount (lNR Crore) |
|||||
| 6 | Crores) j' |
Principal | - | ||||
| Interest | 0.045 | ||||||
| 7 | Details of the obligation (Total principal amount in INR Crore, |
Particulars | Principal/Limit | Tenure | Interest | Secured/ | |
| tenure, interest rate, secured! unsecured etc.) |
Outstanding | Overdue | rate | Unsecured | |||
| SBI- Term Loan |
1.84 | 1.84 | 5 years |
13.00% | Secured | ||
| ICICI Bank-Term Loan |
2.00 | 2.00 | 3 years |
12.35% | Secured | ||
| ICICI Bank -CC limit |
8.37 | 1.01 | - | 11.75% | Secured | ||
| SBI -CC limit |
5.28 | 2.55 | - | 13.00% | Secured | ||
| 8 | Total amount outstanding borrowings from banks/ financial institutions (in INR crore) |
Particulars | Amount (INR Crore) |
||||
| Working capital loans |
13.65 | ||||||
| Term loans/OD |
15.13 | ||||||
| Total | 28.78 | ||||||
| 9 | Total Financial indebtedness of the listed entity including short- |
Particulars | Amount (INR Crore) |
||||
| term and long term debt (in INR Crore) |
Working capital loans |
13.65 | |||||
| Term loans /OD |
15.13 | ||||||
| Total | 28.78 |
| Sr. No |
Type of disclosure |
Details |
|---|---|---|
| 1 | Name of the listed entity |
OCM limited |
| 2 | Date of making the disclosure |
NA |
| 3 | Type of instruments with ISIN |
NA |
| 4 | Number of investors in the security as on date of default |
NA |
| 5 | Oate of default |
NA |
| 6 | (Break-up of principal and interest in INR Current default amount |
|
| Crores) | NA | |
| 7 | OJtails of the obligation (amount issued, tenture, coupon, secured/ |
|
| unsecured redemption date etc.) |
NA | |
| 8 | Total amount issued through debt securities (in INR crore) |
NA |
| 9 | Total Financial indebtedness of the listed entity including short -terrn |
|
| and long term debt (in INR Crore) |
NA |
b. For unlisted debt securities l.e. NCDs and NCRPs (as per format Clob) :
II
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 OCM 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 said Scheme has been filed with NSE and BSE for seeking their no-objection and will be filed with NCLT for seeking their approval under the Companies Act, 2013.
- 2- Pursuant to the Composite Scheme of Arrangement, the outstanding amount of term loan/working capital facility as on appointed date of October I, 2019 is proposed to be restructured as per the details given in the said scheme.
- 3- However, in the above disclosure, pending approval of the said Scheme, the amount of current default as well as the total amount of default as on February 29,2020 has been shown as per original terms of these borrowing.
