MoneyWorks4Me

Kilburn Engineering has informed that the Company has pursuant to approval accorded by the Board, redeemed 55,00,000 no. of Cumulative Redeemable Preference Shares (CRPS) held by RBL Bank having face value of Rs. 5,50,00,000 at a discount (as per confirmation received from RBL Bank on 29th March, 2023), which were due for redemption (at face value) on 31st March, 2035 and 2036. After the aforesaid redemption, entire 1,55,00,000 no. of CRPS of value Rs 15.50 Cr held by RBL Bank have been redeemed and extinguished in the current year. This is in line with the company's objective to deleverage and strengthen the balance sheet going forward.

The above information is a part of company’s filings submitted to BSE.
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