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Wockhardt Ltd Capital/Financing Update 2021
59231_rns_2021-08-23_42a60c86-629e-4b94-a9b8-254395a4f365.pdf
Capital/Financing Update
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Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Anand Rathi.
@Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Badjate.
* Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Standard Chartered. ^ The Shares were Pledged alongwith other collaterals for the loan from LIC Housing Finance Limited.
| Encumbrance No. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date of creation/ Release of encumbrance | 19.12.2018 | 31.01.2019 20.05.2019 | 21.06.2019 | 04.07.2019 | 06.08.2019 | 23.08.2019 | 16.09.2019 | 30.09.2019 | 09.10.2019 | 11.11.2019 | 20.11.2019 | 25.11.2019 | 23.12.2019 | 27.12.2019 | 27.01.2020 | 28.01.2020 | 28.01.2020 | 12.03.2020 | 12.03.2020 | 13.03.2020 | 17.03.2020 | ||
| Type of encumbrance (pledge, lien, negative lien, non-disposalundertaking etc. or any other covenant, transaction, conditionor arrangement in the nature of encumbrance) | Creation of pledge | Release pfpledged Shares | Creation of Pledge | Release of pledged Shares | Creation of Pledge | ||||||||||||||||||
| No. and % of shares | No. of shares : | 1,000,000 | 250,000 | 150,000 | 300,000 | 500,000 | 800,000 | 300,000 - | 650,000 | 600,000 | 200,000 | 1,300,000 | 850,000 | 500,000 | 7,200,000 | 6,500,000 - 1,400,000 - | 400,000 - | 444,000 | 775,000 | 2,100,000 | 700,000 | 925,000 | |
| encumbered | % of total share capital : | 0.90% | 0.23% | 0.14% | 0.27% | 0.45% | 0.72% | 0.27% | -0.59% | 0.54% | 0.18% | 1.17% | 0.77% | 0.45% | 6.50% | 5.87% | -1.26% | -0.36% | -0.40% | 0.70% | 1.90% | 0.63% | 0.84% |
| Specific Details about the encumbrance | |||||||||||||||||||||||
| Name of the entity in whose favour shares encumbered (X) | Anand Rathi Global Finance Ltd | Badjate Stock Broking Private Limited | SBICAP Trustee CompanyLtd (Trustee of LIC HousingFinance Ltd) | Standard CharteredInvestments & Loans(India) Ltd | StandardCharteredInvestments &Loans (India) Ltd | Anand Rathi Global FinanceLtd | Badjate StockBroking PrivateLimited | Anand RathiGlobal FinanceLtd | Standard CharteredInvestments & Loans (India)Ltd | Badjate Stock BrokingPrivate Limited | Standard CharteredInvestments & Loans(India) Ltd | ||||||||||||
| Whether the entity X is a scheduled commercial bank, publicfinancial institution, NBFC or housing finance company? If No,provide the nature of the business of the entity. | Yes | No.Nature of Business: Stock Broking` | No.Nature of Business: TrusteeCompany on behalf ofLICHFC.` | Yes | Yes | Yes | NoNature of Business:Stock Broking` | Yes | Yes | NoNature of Business:Stock Broking` | Yes | ||||||||||||
| Names of all other entities in the agreement | Humuza Consultants, Pledgor | ||||||||||||||||||||||
| Whether the encumbrance is relating to any debt instruments | [Themisto Trustee Company Pvt Ltd holds these shares in Capacity as the Trustee of Habil Khorakiwala Trust, being a partner of Humuza Consultants, Partnership Firm]Not applicable | ||||||||||||||||||||||
| yes, provide details about the instrument, including creditrating.If Yes,1 Name of the issuer :2 Details of the debt instrument :3 Whether the debt instrument is listed on stock exchanges?4 Credit Rating of the debt instrument5 ISIN of theinstrurnent | viz. debenture, commercial paper, certificate of deposit etc.? If | ||||||||||||||||||||||
| Security Cover/ Asset Cover | Value of shares on the date of event / agreement (A) (Amount in | 520,400,000 110,362,500 58,155,000 | 110,040,000 | 186,225,000 | 226,480,000 | 76,395,000 212,420,000 153,840,000 | 47,610,000 373,685,000 | 245,565,000 | 127,275,000 | 1,772,280,000 | 1,604,850,000 494,060,000 | 138,220,000 | 153,424,200 | 160,192,500 | 434,070,000 | 157,290,000 | 189,948,750 | ||||||
| Rs. ) | |||||||||||||||||||||||
| (B) (Amount in Rs. ) | Amount involved (against which shares have been encumbered) | 20,00,00,000 | # | N.A.[Release of partof the PledgedShares] | # | 10,00,00,000 | 10,00,00,000 | 3,500,000,000 | 50,00,00,000 | N.A.[Release of part of the Pledged Shares] | # | * | @ | * | |||||||||
| Ratio of A / B | 0.26 | # | -do- | # | 3.73685 | 3.73 | 0.51^ | 3.2097 | N.A. | # | * | @ | * | ||||||||||
| End use of money | |||||||||||||||||||||||
| Borrowed amount to be utilizedfor what purpose - | (a)Personal use by Promotersand PACs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| (b)For the benefit of listedcompanyProvide details includingamount, purpose of raisingmoney by listed company,schedule for utilization ofamount, repayment scheduleetc | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Any other reason (pleasespecify) | The amount raised by creating Pledge on Shares have been partially invested in Preference Shares/ extended unsecured loan to Wockhardt Limited from time to time. |
| Name of Listed Company | Wockhardt Limited |
|---|---|
| Name of the recognised stock exchanges where the shares of | BSE Limited (BSE) |
| the company are listed | National Stock Exchange of India Limited (NSE) |
| Name of the promoter(s) / PACs whose shares have beenencumbered | Humuza Consultants |
| Total promoter shareholding in the listed company | No. of Shares held: 7,71,95,342 (69.67%) |
| % of total share capital : 69.67% | |
| Encumbered shares as a % of promoter shareholding | 24.91% |
| Whether encumbered share is 50% or more of promoter | No |
| shareholding | |
| Whether encumbered share is 20% or more of total share | Yes |
| capital | |
Details of all the existing events/agreements pertaining to encumbrance
Additional disclosure under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 [Pursuant to Circular SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated 7th August, 2019]
| Encumbrance No. | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date of creation/ Release of encumbrance | 18.03.2020 | 19.03.2020 24.03.2020 | 24.03.2020 | 25.03.2020 | 08.04.2020 | 17.04.2020 | 04.05.2020 | 05.05.2020 | 0607.2020 | 03.08.2020 | 02.11.2020 | 20.11.2020 | 27.11.2020 | 01.12.2020 | 08.12.2020 | 11.12.2020 | 18.12.2020 | 18.12.2020 | 31.12.2020 | 15.01.2021 | 03.02.2021 | ||
| Type of encumbrance (pledge, lien, negative lien, non-disposalundertaking etc. or any other covenant, transaction, conditionor arrangement in the nature of encumbrance) | Creation of Pledge | Release of Pledged Shares | Release of pledged Shares | Release of pledged Shares | Creation of Pledge | ||||||||||||||||||
| No. and % of shares | No. of shares : | 500,000 | 350,000 | 3,900,000 | 2,100,000 | 744,000 - | 600,000 - | 600,000 - 4,525,000 - 2,825,000 - | 1,800,000 - 1,400,000 - | 1,400,000 - | 1,400,000 - | 480,000 - | 1,500,000 - | 500,000 - | 1,318,500 - | 1,500 - | 700,000 - | 2,500,000 - | 300,000 | 2,200,000 | |||
| encumbered | % of total share capital : | 0.45% | 0.32% | 3.52% | 1.90% | 0.67% | -0.54% | -0.54% | -4.09% | -2.55% | -1.63% | -1.26% | -1.26% | -1.26% | -0.43% | -1.35% | -0.45% | -1.19% | 0.00% | -0.63% | -2.26% | -0.27% | 1.99% |
| Specific Details about the encumbrance | |||||||||||||||||||||||
| Name of the entity in whose favour shares encumbered (X) | Anand Rathi GlobalFinance Ltd | Badjate StockBroking PrivateLimited | StandardCharteredInvestments &Loans (India) | Anand Rathi GlobalFinance Ltd | Badjate Stock Broking Private Limited | StandardCharteredInvestments &Loans (India) Ltd | Anand Rathi Global Finance Ltd | StandardCharteredInvestments &Loans (India) Ltd | Badjate Stock BrokingPrivate Limited | Badjate StockBroking PrivateLimited | Anand Rathi Global FinanceLtd | Standard CharteredInvestments & Loans(India) Ltd | StandardCharteredInvestments &Loans (India) Ltd | Anand Rathi Global Finance Ltd | Standard Chartered Investments & Loans (India) Ltd | ||||||||
| Whether the entity X is a scheduled commercial bank, publicfinancial institution, NBFC or housing finance company? If No,provide the nature of the business of the entity. | Yes | No.Nature ofBusiness: StockBroking` | LtdYes | Yes | NoNature of Business: Stock Broking` | Yes | Yes | Yes | NoNature of Business:Stock Broking` | NoNature of Business:Stock Broking` | Yes | Yes | Yes | Yes | Yes | ||||||||
| Names of all other entities in the agreement | Humuza Consultants, Pledgor | ||||||||||||||||||||||
| [Themisto Trustee Company Pvt Ltd holds these shares in Capacity as the Trustee of Habil Khorakiwala Trust, being a partner of Humuza Consultants, Partnership Firm] | |||||||||||||||||||||||
| Whether the encumbrance is relating to any debt instruments | Not Applicable | ||||||||||||||||||||||
| yes, provide details about the instrument, including creditrating.If Yes,1 Name of the issuer :2 Details of the debt instrument :3 Whether the debt instrument is listed on stock exchanges?4 Credit Rating of the debt instrument5 ISIN of theinstrurnent | |||||||||||||||||||||||
| Security Cover/ Asset Cover | |||||||||||||||||||||||
| Value of shares on the date of event / agreement (A) (Amount in | 98,300,000 63,560,000 612,885,000 | 330,015,000 | 123,541,200 | 132,780,000 | 162,540,000 1,185,097,500 726,025,000 | 496,890,000 425,040,000 | 413,910,000 | 550,620,000 | 216,912,000 | 694,125,000 243,275,000 | 682,851,150 | 763,875 | 356,475,000 | 1,366,375,000 | 159,915,000 | 1,135,530,000 | |||||||
| Amount involved (against which shares have been encumbered) | # | @ | * | # | @ | N.A. | N.A. | 400,000,000 | |||||||||||||||
| Ratio of A / B | # | @ | * | # | @ | N.A. | N.A. | 2.838825 | |||||||||||||||
| End use of money | |||||||||||||||||||||||
| Borrowed amount to be utilizedfor what purpose - | (a)Personal use by Promotersand PACs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| (b)For the benefit of listed | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| companyProvide details includingamount, purpose of raisingmoney by listed company,schedule for utilization ofamount, repayment scheduleetcAny other reason (please | The amount raised by creating Pledge on Shares have been partially invested in Preference Shares/ extended unsecured loan to Wockhardt Limited from time to time. | ||||||||||||||||||||||
| specify) |
| Creation of Pledge | ||
|---|---|---|
| Standard Chartered Investments & Loans (India) Ltd | ||
| Yes | ||
| N.A. | ||
| N.A. | ||
Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Anand Rathi. @Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Badjate. * Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Standard Chartered.
^ The Shares were Pledged alongwith other collaterals for the loan from LIC Housing Finance Limited.
| Encumbrance No.Date of creation/ Release of encumbrance | 4519.02.2021 | 46 | 4723.03.2021 26.03.2021 | 4809.04.2021 | 4920.04.2021 | 5027.04.2021 | 5107.05.2021 | 5210.05.2021 | 5310.05.2021 | 5411.05.2021 | 5514.05.2021 | 5617.05.2021 | 5720.05.2021 | 5820.05.2021 | 5926.05.2021 | 6018.06.2021 | 6121.06.2021 | 6230.06.2021 | 6330.06.2021 | 6430.06.2021 | 6519.07.2021 | 6620.07.2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Type of encumbrance (pledge, lien, negative lien, non-disposal | Creation of Pledge | Release of pledged | Creation of Pledge | Release of pledged shares | Creation of Pledge | Release of Pledged shares | Creation of Pledge | Release of Pledged shares | |||||||||||||||
| or arrangement in the nature of encumbrance) | undertaking etc. or any other covenant, transaction, condition | shares | |||||||||||||||||||||
| No. and % of shares | No. of shares : | 3,900,000 | 200,000 | 850,000 - | 1,000,000 | 3,000,000 | 3,400,000 - | 800,000 - 1,200,000 | 1,100,000 | 2,100,000 | 1,100,000 - | 500,000 - | 180,000 - | 90,000 | 2,050,000 | 253,000 | 405,000 | 550,000 | 230,000 | 1,450,000 - | 150,000 - | 100,000 | |
| encumbered | % of total share capital : | 3.52% | 0.18% | 0.77% | -0.90% | 2.71% | 3.07% | -0.72% | -1.08% | 0.99% | 1.90% | 0.99% | -0.45% | -0.16% | -0.08% | 1.85% | 0.23% | 0.37% | 0.50% | 0.21% | 1.31% | -0.14% | -0.09% |
| Specific Details about the encumbrance | |||||||||||||||||||||||
| Name of the entity in whose favour shares encumbered (X) | Standard Chartered Investments & Loans (India) Ltd | Badjate Stock BrokingPrivate Limited | Catalyst TrusteeshipLimited& | Badjate StockBroking PrivateLimited | StandardCharteredInvestments &Loans (India) Ltd | Anand RathiGlobal FinanceLtd# | Catalyst Trusteeship Limited& | Standard CharteredInvestments & Loans(India) Ltd | Badjate StockBroking PrivateLimited | Anand Rathi Global FinanceLtd# | Catalyst TrusteeshipLimited& | Badjate StockBroking PrivateLimited | Standard CharteredInvestments & Loans (India)Ltd | Standard CharteredInvestments & Loans(India) Ltd | Badjate StockBroking PrivateLimited | Arka Fincap Limited Badjate Stock Broking | Private Limited | Anand Rathi GlobalFinance Ltd# | |||||
| Whether the entity X is a scheduled commercial bank, publicfinancial institution, NBFC or housing finance company? If No,provide the nature of the business of the entity. | Yes | NoNature of Business:Stock Broking` | NoNature of Business:Debenture Trustee | NoNature ofBusiness: StockBroking` | Yes | Yes | NoNature of Business: Debenture Trustee | Yes | NoNature of Business:Stock Broking` | Yes | NoNature of Business:Debenture Trustee | NoNature ofBusiness: StockBroking` | Yes | Yes | NoNature ofBusiness: StockBroking` | Yes | NoNature of Business:Stock Broking` | Yes | |||||
| Names of all other entities in the agreement | Humuza Consultants, Pledgor[Themisto Trustee Company Pvt Ltd holds these shares in Capacity as the Trustee of Habil Khorakiwala Trust, being a partner of Humuza Consultants, Partnership Firm] | ||||||||||||||||||||||
| Whether the encumbrance is relating to any debt instrumentsviz. debenture, commercial paper, certificate of deposit etc.? Ifyes, provide details about the instrument, including creditrating.If Yes,1 Name of the issuer :2 Details of the debt instrument :3 Whether the debt instrument is listed on stock exchanges?4 Credit Rating of the debt instrument5 ISIN of theinstrurnent | Not Applicable | 1. Wockhard Limited2. Non-ConvertibleDebenture ('NCDs')3. The NCDs are notlisted4. CARE BBB-; Stable5.INE049B07048 | Not Applicable | 1. Wockhard Limited2. Non-Convertible Debenture ('NCDs')3. The NCDs are not listed4. CARE BBB-; Stable5.INE049B07055 | Not Applicable | 1. Wockhard Limited2. Non-ConvertibleDebenture ('NCDs')3. The NCDs are notlisted4. CARE BBB-; Stable5. INE049B07063 | Not Applicable | ||||||||||||||||
| Security Cover/ Asset CoverRs. ) | Value of shares on the date of event / agreement (A) (Amount in | 1,909,830,000 88,610,000 342,550,000 | 475,250,000 | 1,518,900,000 | 1,746,410,000 | 458,800,000 716,880,000 657,140,000 | 1,304,310,000 697,180,000 | 319,725,000 | 124,218,000 | 62,109,000 | 1,612,632,500 149,409,150 | 242,979,750 | 284,927,500 | 119,151,500 | 751,172,500 | 87,127,500 | 55,760,000 | ||||||
| (B) (Amount in Rs. ) | Amount involved (against which shares have been encumbered) | 700,000,000 * | * | N.A.[Release of part of thePledged Shares] | 500,000,000 | 750,000,000 | N.A.[Release of partof the Pledged | 200,000,000 | 500,000,000 250,000,000 | N.A.[Release of part of the Pledged Shares] | 500,000,000 | @ | * | * | @ | 500,000,000 | @ | # | |||||
| Ratio of A / B | 2.728328571 * | * | N.A. | 3.0378 | 2.328546667 | Shares]N.A. | 3.2857 | 2.60862 | 2.78872 | N.A. | 3.225265 | @ | * | * | @ | 1.502345 | @ | # | |||||
| End use of moneyBorrowed amount to be utilized | (a)Personal use by Promoters | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| for what purpose - | and PACs(b)For the benefit of listedcompanyProvide details includingamount, purpose of raisingmoney by listed company,schedule for utilization ofamount, repayment scheduleetc | - | - | - | - | - | The amount of Rs. 75crore raised by theCompany by issuanceof NCDs (Tranche I)has been utilised formeeting workingcapital requirementsand R&D purposes.The repaymentschedule is 24 to 36months from the dateof allotment | - | - | - | The amount of Rs. 75 crore raised by theCompany by issuance of NCDs (Tranche II)has been utilised for meeting workingcapital requirements and R&D purposes.The repayment schedule is 24 to 36months from the date of allotment | - | - | - | The amount of Rs. 50crore raised by theCompany by issuance ofNCDs (Series B Tranche I)has been utilised formeeting working capitalrequirements and R&Dpurposes. The repaymentschedule is 24 to 36months from the date ofallotment | - | - | - | - | The amount of Rs. 50 croreraised by the Company byavailing Term loan isbeing/will be utilised formeeting working capitalrequirements, refinancing ofexisting loan, Capex andgeneral corporate purposes.The repayment schedule is12 to 36 months from thedate of availment of loan | - | - | |
| Any other reason (pleasespecify) | The amount raised by creating Pledge on Shares have been partially utilised for extending unsecured loanto Wockhardt Limited from time to time. | - | The amount raised by creating Pledge on Shares havebeen partially utilised for extending unsecured loan toWockhardt Limited from time to time. | - | - | The amount raised by creating Pledge on Shares have been partially utilisedfor extending unsecured loan to Wockhardt Limited from time to time. | - | The amount raised by creating Pledge on Shares have been partially utilised for extendingunsecured loan to Wockhardt Limited from time to time. | - | The amount raised bycreating Pledge onShares have beenpartially utilised forextending unsecured | - |
loan to Wockhardt
Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Anand Rathi.
@Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Badjate.
* Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Standard Chartered. ^ The Shares were Pledged alongwith other collaterals for the loan from LIC Housing Finance Limited.
& The share are pledged in favour of Catalyst Trusteeship Limited ("Debenture Trustee") to secure the Non-Convertible Debentures issued and allotted to Centrum Credit Opportunities Trust ("Lender")
! The shares are pledged in favour of Arka Fincap Limited for securing the term loan availed by Wockhardt Limited
Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Anand Rathi.
@Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Badjate.
^ The Shares were Pledged alongwith other collaterals for the loan from LIC Housing Finance Limited. & The share are pledged in favour of Catalyst Trusteeship Limited ("Debenture Trustee") as an collateral to secure the Non-Convertible Debentures issued and allotted earlier to Centrum Credit Opportunities Trust ("Lender")
* Extended additional collateral for loan (i.e. loan against pledge of shares) taken earlier from Standard Chartered. ! The shares are pledged in favour of Arka Fincap Limited for securing the term loan availed earlier by Wockhardt Limited
| Encumbrance No. | 67 | 68 | 69 | 70 | 71 | |||
|---|---|---|---|---|---|---|---|---|
| Date of creation/ Release of encumbrance | 11.08.2021 | 11.08.2021 11.08.2021 | 11.08.2021 | 17.08.2021 | ||||
| Type of encumbrance (pledge, lien, negative lien, non-disposal | Creation of Pledge | |||||||
| undertaking etc. or any other covenant, transaction, condition | ||||||||
| or arrangement in the nature of encumbrance) | ||||||||
| No. and % of shares | No. of shares : | 380,000 | 310,000 | 160,000 | 150,000 | 30,000 | ||
| encumbered | % of total share capital : | 0.34% | 0.28% | 0.14% | 0.14% | 0.03% | ||
| Specific Details about the encumbrance | ||||||||
| Name of the entity in whose favour shares encumbered (X) | Standard CharteredInvestments & Loans | Badjate StockBroking Private | Anand RathiGlobal Finance | Arka Fincap Limited Catalyst TrusteeshipLimited& | ||||
| (India) Ltd | Limited | Ltd# | ||||||
| Whether the entity X is a scheduled commercial bank, publicfinancial institution, NBFC or housing finance company? If No, | Yes | NoNature of | Yes | Yes | NoNature of Business: | |||
| provide the nature of the business of the entity. | Business: Stock | Debenture Trustee | ||||||
| Broking` | ||||||||
| Names of all other entities in the agreement | Humuza Consultants, Pledgor | |||||||
| [Themisto Trustee Company Pvt Ltd holds these shares in Capacity as the Trustee of Habil Khorakiwala | ||||||||
| Trust, being a partner of Humuza Consultants, Partnership Firm] | ||||||||
| Whether the encumbrance is relating to any debt instruments | 1. Wockhard Limited | |||||||
| viz. debenture, commercial paper, certificate of deposit etc.? Ifyes, provide details about the instrument, including credit | 2. Non-ConvertibleDebenture ('NCDs') | |||||||
| rating. | 3. The NCDs are not | |||||||
| If Yes, | listed | |||||||
| 1 Name of the issuer : | 4. CARE BBB-; Stable | |||||||
| 2 Details of the debt instrument : | 5.INE049B07048, | |||||||
| 3 Whether the debt instrument is listed on stock exchanges? | INE049B07055, | |||||||
| 4 Credit Rating of the debt instrument | INE049B07063 | |||||||
| 5 ISIN of theinstrurnent | ||||||||
| Security Cover/ Asset Cover | ||||||||
| Value of shares on the date of event / agreement (A) (Amount in | 181,507,000 148,071,500 76,424,000 | 71,647,500 | 14,656,500 | |||||
| Rs. ) | ||||||||
| Amount involved (against which shares have been encumbered) | * | @ | # | ! | & | |||
| (B) (Amount in Rs. ) | ||||||||
| Ratio of A / B | * | @ | # | ! | & | |||
| End use of money | ||||||||
| Borrowed amount to be utilized | (a)Personal use by Promoters | - | - | - | - | - | ||
| for what purpose - | and PACs | |||||||
| (b)For the benefit of listedcompany | - | - | - | The amount of Rs. 50crore raised by the | The amount of Rs. 200crore raised by the | |||
| Provide details including | Company by availing | Company by issuance | ||||||
| amount, purpose of raising | Term loan is being/will | of NCDs has been | ||||||
| money by listed company, | be utilised for meeting | utilised for meeting | ||||||
| schedule for utilization of | working capital | working capital | ||||||
| amount, repayment schedule | requirements, | requirements and R&D | ||||||
| etc | refinancing of existing | purposes. The | ||||||
| loan, Capex and general | repayment schedule is | |||||||
| corporate purposes. The | 24 to 36 months from | |||||||
| repayment schedule is | the date of allotment | |||||||
| 12 to 36 months fromthe date of availment of | ||||||||
| loan | ||||||||
| Any other reason (please | The amount raised by creating Pledge on Shares have | - | - | |||||
| specify) | been partially utilised for extending unsecured loan to | |||||||
| Wockhardt Limited from time to time. |
For and on behalf Humuza Consultants.
Themisto Trustee Company Private Limited as Trustee
Dr. H. F. Khorakiwala, Director of Trustee
Place: Mumbai Date: 19-08-2021