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Nitco Ltd. — Regulatory Filings 2021
Jun 21, 2021
62410_rns_2021-06-21_014cae80-30d3-46fd-ba94-cdfa7a26757d.pdf
Regulatory Filings
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June 21, 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: 2021.06.21 21:20:09 +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 |
|---|---|---|---|
| 1 | Name of Listed Entity | Nitco Limited | |
| 2 | Date of makingthe disclosure | 21-June-2021 | |
| 3 | Nature of Obligation | Term Loan | |
| 4 | Name of the Lenders | JMFARC, DBS Bank and L.I.C. | |
| 5 | Date of Default | 31-March-21 | |
| 6 | Current Default Amount (break- up of principal and interest in INR Crore) |
Default for the current quarter ended 31st March, 2021 |
|
| Term Loan 200 Crs | Term Loan 300 Crs | ||
| Principal-23.28 Crs | Principal-15 Crs | ||
| Interest-7.07 Crs | Interest-5.73 Crs | ||
| 7 | Details of the obligation (total principal amount in INR crore, tenure, interest rate, secured / unsecured etc.) |
Default as on 31st March, 2021 Term Loan – Rs. 200 crs Total Default Principal Amount- Rs. 53.28 crs Interest Default Amount- Rs. 20.21 crs Interest Rate - 9% Tenure - 5 years Secured Loan Term Loan – Rs. 300 crs Total Default Principal Amount- Rs. 82.57 crs Interest Default Amount- Rs. 27.44 crs Interest Rate - 9% Tenure - 5 years Secured Loan DBS Bank Loan Total Default Principal Amount- Rs. 0.42 crs Interest Default Amount- Rs. 0.45 crs Interest Rate – 3M LIBOR + 2.6% Tenure – 3 years SecuredLoan |
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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| L.I.C. Loan Total Default Principal Amount- Rs. 18.84 crs Interest Rate – 11.25% Tenure - 10 years Secured Loan |
||
|---|---|---|
| 8 | Total amount of outstanding borrowings from Banks / financial institutions (in INR Crore) |
Rs. 555.26 crs |
| 9 | Total financial indebtedness of the listed entity including short- term and long-term debt (in INR crore) |
Rs. 755.26 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