Suvilas Realities has informed that the Company has obtained in-principle approval from BSE on May 27, 2019 for issue of 10000 listed rated redeemable Non-Convertible Debentures (NCD) having face value of Rs 100,000 each aggregating to Rs 100 Crs. in multiple tranches. The Company had issued 4900 NCD on August 30, 2019, 200 NCDs on February 2020 and 200 NCDS on May 19, 2020 out of the 10000 NCD and the same has been listed with the stock exchange. Now the Board of Directors are proposing to issue 1000 NCD having face value of Rs 100,000 each aggregating to Rs 10 Crs on private placement basis. Upon allotment of the above mentioned NCD, the same shall be listed with BSE.
The above information is a part of company’s filings submitted to BSE.