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Nitco Ltd. Regulatory Filings 2021

Jan 31, 2021

62410_rns_2021-01-31_804bb1b2-9235-4650-81a6-34a2a9c68918.pdf

Regulatory Filings

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January 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 PUNEET MOTWANI DN: c=IN, o=Personal, title=1752, pseudonym=04913b39af873531a295e4efe ASHOK 0657415d11e0eb8c975e787401da8e7040e3397, postalCode=400050, st=Maharashtra, serialNumber=e5cad98cfd24de3726066fdf aa0affa081c6f46c029e402765ee6085e6a92f MOTWANI d4, cn=PUNEET ASHOK MOTWANI Date: 2021.01.31 13:25:35 +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 31-Jan-2021
3 Nature of Obligation Term Loan
4 Name of the Lenders JMFARC
5 Date of Default 31-Dec-20
6 Current Default Amount (break-up of
principal and interest in INR Crore)
Principal – Rs. 10.00 crs
Interest – Rs. 5.15 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
8 Total amount of outstanding borrowings
from Banks / financial institutions (in INR
Crore)
Rs. 524.33 crs
9 Total financial indebtedness of the listed
entity including short-term and long-term
debt(in INR crore)
Rs. 724.33 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