In reference to the intimation dated 7th March, 2018 regarding issuance and allotment of 2560 No. of Secured, Listed, Rated, Redeemable, Non Convertible Debentures (NCDs) of Rs 10,00,000 face value each aggregating to Rs 256 Crore on Private Placement basis with a fixed coupon rate of 10.50% listed on Wholesale Debt Market Segment. In this regard, Sanghi Industries has informed that from the proceeds of above NCDs have been utilised for early redemption of existing 25,64,829 No. of Secured, Unlisted, Redeemable, Non Convertible Debentures of Rs 1000 each aggregating to Rs 256.48 Crore which were issued in the month of March -2016 with a tenure of Five years on private placement basis having fixed coupon rate of 15.50% and having ISIN INE999B07010. Consequent to above, as on date the outstanding Non Convertible Debentures of the Company are of Rs 256 Crores which were issued on 7th March, 2018.
The above information is a part of company’s filings submitted to BSE.
