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UNO Minda Limited Capital/Financing Update 2020

Nov 10, 2020

61248_rns_2020-11-10_54e77aee-3bac-4e55-b5b9-a9a15360320f.pdf

Capital/Financing Update

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THINK INSPIRE . FLOURISH

Minda Industries Ltd.

Ref. No. Z-IV/R-39/D-2/174 & 207 Date : 10 November, 2020

MINDA Ul(•l[ l

ustries Ltd.
Ref. No. Z-IV/R-39/D-2/174 & 207
Date : 10 November, 2020		 Ul(•l[ MIND
THINK
INSPIRE . FLOUR
BSE Ltd.
Regd. Ofce: Floor - 25,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001.		 National Stock Exchange of India Ltd.
Listing Deptt., Exchange Plaza,
Bandra Kurla Complex, Bandra (E),
Mumbai - 400 051.
ScripCode : 532539 ScripCode: MINDAIND

Sub: - Monitoring Agency Report fr the quarter ended 30 September, 2020.

Dear Sir(s),

Pursuant to Regulation 32 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith Monitoring Agency Report dated 6 November, 2020 issued by Axis Bank Limited, Monitoring Agency, for the quarter ended 30 September, 2020 w.r.t. utilisation of proceeds of the Right Issue.

Further, we confirm that there has been no deviation in utilisation of Right Issue proceeds from the objects as stated in the Lt:ttc:r uf Offor tlalt:tl 11 Augusl, 2020.

It is for your information and records please.

Thanking you.

Yours faithfully, ,,,.For MINDA INDUSTRIES LTD. Delhi �0 L . rP-1 1, � n ;£ umor �rivastava 1CL.>--" q Company Secretary & Compliance

Encl: As above.

-

MINDA INDUSTRIES LTD. (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, H11ry11n11. 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 F: +91 124 2290676/95 Email: [email protected],

;\TSL/DEL/2020-2111123 November 6. 2020

Report of the Monitoring Agency

Name of the Issuer: Minda Industries Limited

For quarter ended: September 30, 2020

Nairn: of the Monitoring Agency: Axis Bank Limited

(a) Deviation from the objects: No deviation is observed in the utilisation of Right Issue proceeds

(b) Range of Deviation: Not applicable*

Declaration:

We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, We further declare hat this report provides a true and fair view of the utilization of the issue proceeds.

We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/ directors/management and also confirm that we do not perceive any conflict of interest in such relationship/interest hile monitoring and reporting the utilization of the issue proceeds by the issuer.

Signature:/ �'L, ✓ �k

Name and designation of the Authorized Signatory: Subhash Jha,

Designation of Authorized person/Signing Authority: Assistant General Manager

Axis Bank 3rd Floor 25-Pusa Road Near K.Bagh Metro Station, New Delhi-110005 011-43506432, 011- 43506442 REGISTERED OFFICE : "Trishul" - 3rd Floor Opp. Samarthes"':'ar Temple, Near Law Garden, Ellisb_ridge, Ahme?abad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 CIN: L65110,GJ 1993PLC020769 Website - www.ax1sbank_.com

Subsequent Pages:

I) Issuer Details:

Name of the issuer: Minda Industries Limited The names of the promoters of the issuer: Mr. N K Minda Industry/sector to which it belongs: Auto Ancilleries

2) Issue Details:

Issue Period:25[th ] August 2020 to 8[th ] September 2020 Type of issue (public/rights): Rights Issue Type ofspceified securities: Equity Shares Grading: Not Applicable: Not Applicable Issue size (Rs. in crores): Rs. 2.42,46, 19. 750.00

==> picture [68 x 67] intentionally omitted <==

3) Details of the arrangement made to ensure the monitoring of issue proceeds:

(Ciivc item by item description for all the objects stated in offer document separately in following format)

Particulars Particulars Reply Comments of Monitoring
Agency		 Comments of
Board of
Directors
Whether all the utilzation is as per disclosure
111 OITer Document'>		 Yes/
No		 Yes
Whether Shareholder approval is obtained in case
f
. I d . .
II
f
d'
o
matena
ev1at1ons
rom expen 1turcs
disclosed in Offer Document?		 Yes/
No		 No deviations
Whether means or linance for disclosed
objects of the Issue has changed?		 Yes/
No		 No
/\ny major deviation observed over the earlier
monitoring agency reports'>		 Yes/
No		 Not Applicable
Whether all Goverment / Statutory approvals
related to the objeet(s) obtained?		 Yes/
No		 Not Applicable
Whether all arrangements pertaining to
technical assistance/collaboration in operation?
Any favorable events improving objcct(s) viability
/ny unfvorable events affecting objcct(s)
viability		 Yes/
No		 Not /\pplicable
Not /\pplicable
Yes/
No
Yes/
No		 Not Applicable
1\ny other relevant information that may
mate1·ially affect the decision making of the
inwstors		 Yes/
No		 Not /pplicablc

if Where material deviation may be defined to mean:

a) Deviation in the objects or purposes.for which the.fimcls have been raised h) Dl'viation in the amount of/imd actzwi(V utili::ed by more than /0% of the a1110u11t projected in the offer documents.

==> picture [584 x 4] intentionally omitted <==

4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)
SI.No
Item Head
Original Cost as
Revised
Comments
Comments of Board of Directors
per ofer
Cost
of the
document
Monitorin
Reason of
Proposed
Particulars of firm
g Agency
cost
financing
arrangement made
deviation
options
I
Repayment+
154.00
Nil
NIL
pre-payment of
debt
2
Investment
33.46
Nil
NIL
3
General
52.92
Nil
NIL
Corporate
Purposes
4
Issue
2.41
NIL
NIL
Expenses
Total
242.79
Progress in the object(s)-
((iivc Item by Item Description for all the Objects Stated in Offer Document separately in the following formal)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)
SI.No
Item Head
Original Cost as
Revised
Comments
Comments of Board of Directors
per ofer
Cost
of the
document
Monitorin
Reason of
Proposed
Particulars of firm
g Agency
cost
financing
arrangement made
deviation
options
I
Repayment+
154.00
Nil
NIL
pre-payment of
debt
2
Investment
33.46
Nil
NIL
3
General
52.92
Nil
NIL
Corporate
Purposes
4
Issue
2.41
NIL
NIL
Expenses
Total
242.79
Progress in the object(s)-
((iivc Item by Item Description for all the Objects Stated in Offer Document separately in the following formal)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)		 4)
Details of object(s)s to be monitored:
(i)
Cost of object(s) -
(Give Item by Item Description for all the Objects Stated in Ofer Document separately in following format)
(Rs. in Cr.)
SI.No
Item Head		 Original Cost as
per ofer
document		 Revised
Cost		 Comments
of the
Monitorin
g Agency		 Comments of Board of Directors
Reason of
Proposed
Particulars of firm
cost
financing
arrangement made
deviation
options
I
Repayment+
pre-payment of
debt		 154.00 Nil NIL
2
Investment		 33.46 Nil NIL
3
General
Corporate
Purposes		 52.92 Nil NIL
4
Issue
Expenses		 2.41
242.79		 NIL NIL
all the Objects Stated in Offer Document separately in the following formal)
(Rs. in Cr.)
SI.
No		 Item
Head		 /mount as
proposed
in Ofer
Document

154.00
33.46		 /mount utilized
 Total
unutilized
/mount
As at
beginning
of the
quarter
-
-		 During the
quarter
50.00
33.46		 /t the end

of the
quarter
I.
2.		 Repayment+
pre-payment
of debt
Investment
capital
requirements		 50.00
33.46
 104.00
(
 ~~-~~
-
3 (,en era!
Corporate		 52.92 ~~-~~ 50.00 �-�ir
�f?}�
2		 ~~-~~
Purposes
4 Issue
Expenses		 2.41 ~~-~~ 0.33 0.33 2.08
Total 242.79 ~~-~~ 133.76 133.76 109.00*
  • Parked in FD Rs. 75.00 Crorc and Balance in Monitoring Agency Account Rs. 34 Crorc.

(iii) Deployment of'unutilizcd !PO proceeds- Not applicable

S.No Type of instrument
where amount
invested*		 Amount
invested
(Rs. in
crores)		 Maturity Date Earings
(Rs. in
crores)		 Investment
(ROI%)		 Market Value
as at the end of
quarter
(Rs. in crores)**
~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~
~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~

==> picture [68 x 67] intentionally omitted <==

==> picture [585 x 4] intentionally omitted <==

Provide/o/lowing details under Item Head:

(a)Name of/he oly·ecl(.1):

(b) Brie/descrijJtion of !he olJjec/(:,).

(c)l,ocation <>(the object() (if applicable):

(iii) Deployment ofunutilizcd !PO proceeds- Not applicable

S.No Type of instrument
where amount
invested*		 Amount
invested
(Rs. in
crores)		 Maturity Date Earings
(Rs. in
crores)		 Investment
(ROI%)		 Market Value
as at the end of
quarter
(Rs. in crores)**
~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~
~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~ ~~-~~
(iv) Delay in implementation of the object(s)- nil (iv) Delay in implementation of the object(s)- nil (iv) Delay in implementation of the object(s)- nil (iv) Delay in implementation of the object(s)- nil (iv) Delay in implementation of the object(s)- nil
Object(s) Name Completion date
As per the offer document Actual Delay no. Comments of the board of
of days/ directors
month Reason for Delay/Proposed
course of action
I

==> picture [304 x 214] intentionally omitted <==

==> picture [581 x 6] intentionally omitted <==

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