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Jindal Saw Ltd. Capital/Financing Update 2021
61025_rns_2021-05-27_2651bb26-888b-4cac-91b4-8ec633c70f7b.pdf
Capital/Financing Update
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27th May, 2021
BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Stock code: 500378 Stock code: JINDALSAW
Sub.: Approval for re-purchase of outstanding Non-convertible Debentures – Regulation 50, 57 and 59 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
Dear Sir,
This is with reference to the captioned subject, the Board of Directors, in their meeting on 27th May, 2021 approved the repurchase/buy back of Privately Placed Rated Secured Listed Redeemable Non-Convertible Debentures ("NCD") issued by the Company and listed on National Stock Exchange of India Limited under ISIN: INE324A07120 and INE324A07161.
A copy of NOC from Debenture Trustee and shareholders are attached for your reference.
This is for your information and record please.
Thanking you,
Yours faithfully, For Jindal Saw Limited,
Sunil K. Jain Company Secretary FCS- 3056
Corporate Office : Jindal Centre, 12 Bhikaiji Cama Place, New Delhi- 110066 • Phone: +91 (11) 26188 360 - 74, 26188345 Fax: +91 (11) 26170691 Regd. Office : A-1, UPSIDC, Indl. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.) - 281403 • Website: www.jindalsaw.com
ATSL/DEL./2021-22/258
May 24, 2021
To
Jindal Saw Limited Jindal Centre, 12, Bhikaji Cama Place New Delhi - 110066
(hereinafter referred as "Issuer/ Company")
Sub- NoObjection Certificate for Pre-payment of Privately Placed Rated Secured Listed Redeemable Non- Convertible Debentures ("NCD") issued by Jindal Saw Limited ("Company")-; ISIN: INE324A07120o and INE324A07161-
Ref: Email dated May 20 2021 by State Bank of India ("Sole Debenture Holder").
Dear Sir/ Madam,
We write in our capacity as Debenture Trustee for listed secured redeemable non-convertible debentures (NCDs) for an amounting to INR 250 cr issued in terms of Debenture Trust Deed dated February 27 2013 executed between Axis Trustee Services Limited and Jindal Saw Limited ("Company") and subscribed by State Bank of India ("Sole Debenture Holder").In terms of the Debenture Trust Deed the debentures can be prepay by the Company prior to the expiry of the tenor of the debentures for a mutually agreed amount or terms & Condition with the approval/consent from Debenture Holder.
We, Axis Trustee Services Limited (ATSL) are in receipt of Company Request for prepayment of the captioned NCD vide email dated May 20, 2021 supported with approval from Debenture Holder w.r.t buy back of captioned NCD's issued by your Company at indicative rate of 5% p.a. (enclosed) and for this Company has accepted the same.
Accordingly in terms of aforesaid approval/permission from the Sole Debenture Holder and acceptance by the Company, we accord No objection for Pre-payment ofPrivately Placed captioned NCDs subject to fulfilment of condition prescribed by the Debenture Holder.
Kindly consider and confirm/intimate to the Stock Exchange and Debenture Trustee in terms of SEBI (LODR), 2015 as amended from time to time with respect to payment to Debenture Holder. Afterthat Debenture Holder is requested to issue the No Dues Certificate once payment gets done.
Please let us know in case of any query or information required.
FOR AXIS TRUSTEE SERVICES LIMITED
Digitally signed by Subhash subhash Kumar Jha Kumar Jha te 10:38:18 202105 +05'30'
Subhash Jha Dy. General Manager
Enclosure: As above Cc:
State Bank of India
Registered Office: AS House, Bombay Dyeing Mills Compound, Pandhurang Budhkar Marg, Wori Mumbai - 400 025
Corporate Office: Pusa Road, Karol Bagh,New Delhi - 110005
Delhi Ofire, 2nd Floor, 25 - Tel No: 011 43556440 Email [email protected] Webslte www.axstrustee.com Corporate ldentify Number: U74999MH 2008PLC 12264 | MSME Registered UAN: MH19E0033585 AXIS TRUSTEE
From: RM6 04803 [mailto:[email protected] Sent: 20 May 2021 14:01 To: RakeshBhatia <Rakesh. [email protected]; Rajeev Goyal <[email protected] Subject: FW: Jindal Saw limited:: Redemption of NCD
Dear Sir,
In reference to the trailing mail, ourtreasury has agreed to buy back the NCD's issued by your Company at indicative rate of 5% p.a.
Regards, Alok Singhal Manager (Special Mgmt. Exec.) AMT-VI Overseas Branch State Bank of India, 23374637 From: nslrirm Sent: 20 May 2021 13:57 To: RM6 04803 <[email protected] Cc: DGM IRM <[email protected]; nsirim [email protected] Subject: Re: lindal Saw Limited:: Redemption of NCD
Dear Sir,
With reference to the trail mail, we are agreeable to undertake the buyback of NCD's of Jindal Saw Limited at market rates prevailing at the time of transaction.
Indicative buy-back rate of NCDs is 5% p.a. as on date.
Regards
Manoj Kartheek N
Dealer (Fixed Income & Money Markets)
Ph:022 2289 1464/1470/1475/1476
Mail: [email protected]. in
State Bank of India
Global Markets, Corporate Centre
15 Floor, State Bank Bhavan
Madam Cama Road, Mumbai 400021