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DCM Ltd. Regulatory Filings 2020
61500_rns_2020-01-31_7cadb0f8-be0d-483d-98f6-17a049a872a1.pdf
Regulatory Filings
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January 30, 2020
BSE Limited Floor 25, 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: 502820jDCM
Sub: Disclosures of defaults on payment of interest! repayment of principal amount on loans from banks Ifinancial institutions and unlisted debt securities.
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 on loans from banks/financial institutions in specified formats as Annexure-1.
This is for your information and record.
Thanking You,
Yours truly,
For DCM Limited
Vimal Prasad Gupta Company Secretary & Compliance officer FCS6380
Enclosed - As above
e-mail id: [email protected]
Registered Office: Vikrant Tower, 4, Rajendra Place, New Delhi-l 10008 Phone: (011) 25719967 Fax: (011) 25765214 CTN: L74899DL1889PLC000004 Website: www.dcm.in E-mail:[email protected] 'Annexure-l'
Disclosure of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt 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 | Typeofdisclosure | Details | ||||
|---|---|---|---|---|---|---|
| 1 | Nameofthelistedentity | DCMLimited | ||||
| 2 | Dateofmakingthedisclosure | 30.01.2020 | ||||
| 3 | Natureofobligation | TermLoan-WorkingCapital | ||||
| 4 | Nameofthelender | ICICIBankLimited | ||||
| 5 | Dateofdefault | 19.01.2020 | ||||
| 6 | (Break-upofprincipalandinterestinINRCrores)Currentdefaultamount | ParticularsAmount(INRCrore) | ||||
| Principal | 2.00 | |||||
| Interest | - | |||||
| 7 | Detailsoftheobligation(totalprincipalamountinINRCrore,tenure,interestrate,secured!unsecuredetc.) | Particulars | Principalamount(INRCrore) | Tenure | Interestrate | Secured!Unsecured |
| TermLoanforWorkingCapital | 2.00 | 3years | 12.35% | Secured | ||
| 8 | Totalamountoutstandingborrowingsfrombanks!financialinstitutions(inINRcrore) | ParticularsWorkingcapitalloans | Amount(INRCrore) | |||
| 13.51 | ||||||
| /00Termloans | 14.84 | |||||
| Total | 28.35 |
| 9 | TotalFinancialindebtednessofthelistedentityincludingshort-terrnandlongtermdebt(in1NRCrore) | Particulars | Amount(lNRCrore) | ||
|---|---|---|---|---|---|
| Workingcapitalloans | 13.51 | ||||
| Termloans/00 | 14.84 | ||||
| Total | 28.35 |
b. For unlisted debt securities i.e. NCDsand NCRPs (as per format Clob) :
| Sr.No | Typeofdisclosure | Details |
|---|---|---|
| 1 | Nameofthelistedentity | DCMLimited |
| 2 | Dateofmakingthedisclosure | NA |
| 3 | TypeofinstrumentswithISIN | NA |
| 4 | Numberofinvestorsinthesecurityasondateofdefault | NA |
| 5 | Dateofdefault | NA |
| Currentdefaultamount(Break-upafprincipalandinterestinINR | ||
| 6 | Crores) | NA |
| Detailsoftheobligation(amountissued,tenture,coupon,secured/ | ||
| 7 | unsecuredredemptiondateetc.) | NA |
| 8 | Totalamountissuedthroughdebtsecurities(inINRcrore) | NA |
| TotalFinancialindebtednessofthelistedentityincludingshort-terrn | ||
| 9 | andlongtermdebt(inINRCrore) | NA |
Disclosures as per SEBIcircular 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 December 31, 2019 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 C2.b) :
| Sr.No | Typeofdisclosure | inINRcrores |
|---|---|---|
| 1 | Loans/revolvingfacilitieslikecashcreditfrombanks/financialinstitutions | |
| A | Totalamountoutstandingasondate | 32.84 |
| B | Ofthetotalamountoutstanding,amountofdefaultasondate | 7.14 |
| 2 | Unlisteddebtsecuritiesi.e,NCDsandNCRPS | NA |
| A | Totalamountoutstandingasondate | NA |
| B | Ofthetotalamountoutstanding,amountofdefaultasondate | NA |
| 3 | Totalfinancialindebtednessofthelistedentityincludingshort-termandlong-termdebt | 32.84 |
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 said Scheme has been filed with NSEand BSEfor seeking their no-objection and will be filed with NCLTfor 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 1, 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 December 31, 2019 has been shown as per original terms of these borrowing.
