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Jain Irrigation Systems Ltd. — Capital/Financing Update 2020
Mar 7, 2020
58977_rns_2020-03-07_0ed2f5a7-da23-46f4-8daa-aa0251931875.pdf
Capital/Financing Update
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Regd. Office: Jain Plastic Park, P.O.Box: 72, N.H.No. 6, Jalgaon – 425 001. India. Tel: +91-257-2258011; Fax: +91-257-2258111; E-mail: [email protected]; Visit us at: www.jains.com CIN: L29120MH1986PLC042028
JISL/SEC/2020/03/B-2
6[th] March, 2020
To, Bombay Stock Exchange Ltd., Corporate Relationship Department, 1st Floor, New Trading Wing Rotunda Building, P. J. Tower, Dalal Street, Mumbai - 400 001. FaxNo.022–2723121/22722037(Day) 022-22721072 (Night) Email:[email protected]
Sub: Clarification / Confirmation on news item appearing in ‘Media/Publication’
Ref : Your email dated 5[th] March, 2020
- Ref: Code No. 500219 (BSE) for Ordinary Equity shares Code No. 570004 (BSE) for DVR Equity Shares
Dear Sir/Madam,
The interest on the 7.125% Bonds ( “Notes” ) issued by Jain International Trading, BV, Netherlands (“Issuer”) (a wholly owned subsidiary of Jain Irrigation Systems Limited, “Company” ) and listed on the Singapore Stock Exchange, was due on 3rd February 2020, with a 30 day grace period for payment expiring on 4th March 2020. Such interest payment has not been made by the Issuer.
Please see the link to the statement issued by our subsidiary on the issue earlier in February 2020.
https://links.sgx.com/FileOpen/JITBV_Notice.ashx?App=Announcement&FileID=595314
The Issuer is in the process of engaging with bondholders to discuss various alternatives with them to address the situation.
Please receive the above in order and acknowledge.
Thanking you,
Yours faithfully, For Jain Irrigation Systems Limited,
A. V. Ghodgaonkar, Company Secretary