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Nitco Ltd. — Regulatory Filings 2020
Jul 31, 2020
62410_rns_2020-07-31_36b27a33-0173-4de0-bea4-9f8471599fff.pdf
Regulatory Filings
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July 31, 2020
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To,
| Corporate Service Dept. Bombay Stock Exchange Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code: 532722 |
The Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. Script code: NITCO |
|---|---|
Sub: Disclosure in terms of SEBI circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019.
Dear Sir/Madam,
We enclose herewith disclosure in terms of SEBI circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019.
This is for your information and record.
For Nitco Limited
Digitally signed by Puneet Ashok Motwani DN: c=IN, o=Personal, cn=Puneet Ashok Motwani, Puneet Ashok serialNumber=e5cad98cfd24de3726066fdfaa0affa081c6f46c029e402765ee6085e6a92fd4, postalCode=400050, Motwani 2.5.4.20=97eae5bc3d27583be5cbcf4cf08a510174880b476c49bd0ef162c0976874ba71, st=Maharashtra Date: 2020.07.31 11:51:03 +05'30'
Puneet Motwani Company Secretary & Compliance Officer
Corporate Office: NITCO Limited, NITCO House, Sheth Govindram Jolly Marg, Kanjur Marg (East), Mumbai- 400 042. Tel.: 91-22-67302500|67521555, Fax: 91-22-25786484. CIN: L26920MH1966PLC016547. Email: [email protected], Website: www. nitco.in
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Disclosure in terms of SEBI circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019
| Sr No | Particulars | Details | Details | Details | Details |
|---|---|---|---|---|---|
| 1 | Name of Listed Entity | Nitco Limited | |||
| 2 | Date of makingthe disclosure | 31-Jul-2020 | |||
| 3 | Nature of Obligation | Term Loan | Term Loan | Foreign Currency Loan (ECB) |
Term Loan |
| 4 | Name of the Lenders | JMFARC | JMFARC | DBS | LIC |
| 5 | Date of Default | 30-Jun-20 | 31-Mar-20 | 31-Dec-17 | 09-Mar-15 |
| 6 | Current Default Amount (break-up of principal and interest in INR Crore) |
Principal - 10.00 Crs Interest - 4.80 Crs |
Principal - 69.54 Crs |
Principal - 1.29 Crs |
Principal - 18.92 Crs |
| 7 | Details of the obligation (total principal amount in INR crore, tenure, interest rate, secured / unsecured etc.) |
Sanctioned Amt - Rs. 200 Crs Interest Rate - 9% Tenure - 5 years Secured Loan |
Sanctioned Amt - Rs. 300 Crs Interest Rate - 9% Tenure - 5 years Secured Loan |
Sanctioned Amt - Rs. 40.24 Crs Interest Rate - LIBOR + 2.6% p.a. Tenure - 8 years Secured Loan |
Sanctioned Amt - Rs. 19.49 Crs Interest Rate - 11.25% Tenure - 10 years Secured Loan |
| 8 | Total amount of outstanding borrowings from Banks / financial institutions (in INR Crore) |
519.90 |
Corporate Office: NITCO Limited, NITCO House, Sheth Govindram Jolly Marg, Kanjur Marg (East), Mumbai- 400 042. Tel.: 91-22-67302500|67521555, Fax: 91-22-25786484. CIN: L26920MH1966PLC016547.
Email: [email protected], Website: www. nitco.in
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| 9 | Total financial indebtedness of the listed entity including short- term and long-term debt (in INR crore) |
719.90 |
|---|---|---|
Note: The company has made a request to its lenders for restructuring of its debt.
Corporate Office: NITCO Limited, NITCO House, Sheth Govindram Jolly Marg, Kanjur Marg (East), Mumbai- 400 042. Tel.: 91-22-67302500|67521555, Fax: 91-22-25786484. CIN: L26920MH1966PLC016547.
Email: [email protected], Website: www. nitco.in