DCM Ltd. — Regulatory Filings 2020

Feb 3, 2020

February 3, 2020

BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. en, ^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 I financial institutions and unlisted debt securities.

Dear Sir,

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

This is for your information and record.

Thanking You,

Yours truly, For DCM Limited

Vimal Prasad Gupta Company Secretary & Compliance officer FCS 6380

Registered Office: Vikrant Tower, 4, Rajendra Place, New Delhi-ll0008 Phone: (011) 25719967 Fax: (011) 25765214 . CIN: L74899DL1889PLC000004 Website: www.dcm.in E-mail: dcmltd@dcm.m

'Annexure-1'

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 C1.a) :

Sr. No	Type of disclosure	Details
1	Name of the listed entity	DCM Limited
2	Date of making the disclosure	03.02.2020
3	Nature of obligation	Term Loan! DLODIWorking capital
4	Name of the lender	State Bank of India, HDFC Bank Limited and ICICI Bank Limited
5	Date of default	01.02.2020
6	(Break-up of principal and interest in INR Current default amount Crores)	Particulars		Amount (INR Crore)
		Principal		0.56
		Interest		0.12
7	Details of the obligation (Total principal amount in INR Crore, tenure, interest rate, secured! unsecured etc.)	Particulars	I Principal amount Overdrawn (INR Crore)	Tenure	Interest rate	Secured! Unsecured
		SBI- Term Loan	1.86	5 years	13.00%	Secured
		ICICI Bank-Term Loan	2.00	3 years	12.35%	Secured
		HDFC Bank-DLOD	0.10	5 years	13.80%	Secured
		ICICI Bank -CC limit	2.50	-	11.75%	Secured
		SBI-CC limit	0.92	-	13.00%	Secured
8	Total amount outstanding borrowings from banksl financial institutions (in INR crore)	Particulars		Amount (INR Crore)
		Working capital loans		13.51
		Term loans/OD		15.01
		Total		28.51
9	Total Financial indebtedness of the listed entity including short- term and long term debt (in INR Crore)	Particulars		Amount (INR Crore)
		Working capital loans		13.51
		100 Term loans		15.01
		Total			- -	28.51

~ ~

~/

b. For unlisted debt securities i.e. NCDsand NCRPs (as per format Cl.b) :

Sr. No	Type of disclosure	Details
1	Name of the listed entity	DCM 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	Date of default	NA
6	Current default amount (Break-up of principal and interest in INR Crores)	NA
7	Details 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 -term and long term debt (in INRCrore)	NA

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 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 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 January 31,2019 has been shown as per original terms of these borrowing.