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Nitco Ltd. — Regulatory Filings 2021
Oct 31, 2021
62410_rns_2021-10-31_1c84bd1b-7942-41dc-8edc-54ae6e78ecba.pdf
Regulatory Filings
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October 31, 2021
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 PUNEET DN: c=IN, o=Personal, title=1752, pseudonym=04913b39af873531a295e4efe06 57415d11e0eb8c975e787401da8e7040e3397, ASHOK postalCode=400050, st=Maharashtra, serialNumber=e5cad98cfd24de3726066fdfaa0 affa081c6f46c029e402765ee6085e6a92fd4, MOTWANI cn=PUNEET ASHOK MOTWANI Date: 2021.10.31 12:02:14 +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 |
|---|---|---|
| 1 | Name of Listed Entity | Nitco Limited |
| 2 | Date of makingthe disclosure | 30-Sept-2021 |
| 3 | Nature of Obligation | Term Loan |
| 4 | Name of the Lenders | JMFARC and L.I.C. |
| 5 | Date of Default | 30-Sept-21 |
| 6 | Current Default Amount (break-up of principal and interest in INR Crore) |
Default for the current quarter ended 30th Sept, 2021 Term Loan 200 Crs Principal – Rs. 10.00 crs Interest–Rs. 6.57 crs |
| 7 | Details of the obligation (total principal amount in INR crore, tenure, interest rate, secured / unsecured etc.) |
Default as on 30th Sept, 2021 Term Loan 200 Crs Total Default Principal Amt - Rs. 73.28 Crs Interest Default Amount- Rs. 32.93 Crs Interest Rate - 9% Tenure - 5 years Secured Loan Term Loan 300 Crs Total Default Principal Amt - Rs. 84.54 Crs Interest Default Amount- Rs. 25.23 Crs Interest Rate - 9% Tenure - 5 years Secured Loan L.I.C. Loan Total Default Principal Amount- Rs. 18.87 crs Interest Rate – 11.25% Tenure - 10 years Secured Loan |
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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| 8 | Total amount of outstanding borrowings from Banks / financial institutions (in INR Crore) |
Rs. 566.81 crs |
|---|---|---|
| 9 | Total financial indebtedness of the listed entity including short-term and long-term debt (in INR crore) |
Rs. 766.81 crs |
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