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Tilaknagar Industries informs about prepayment of restructured debt

11 Aug 2023 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and its earlier disclosure dated March 20, 2023, Tilaknagar Industries has informed that the Company has made a pre-payment of the Restructured debt of Edelweiss Asset Reconstruction Company (EARC) acting as trustee of EARC Trust SC 241. Accordingly, the total Restructured debt of Rs 176.22 crores as on June 30, 2023 of EARC Trust SC 241 now stands reduced to Rs Nil. Consequent to the above prepayment, the corresponding Balance debt of EARC Trust SC 241 of Rs 3.62 crores has been waived by EARC and accordingly the same shall be written back by the Company. The prepayment of EARC debt has been funded through debt of Rs 130 crores from Kotak Mahindra Bank and Internal Accruals of the Company. The Company has now completely repaid the Restructured debt of all the three EARC Trusts i.e EARC Trust SC 233, EARC Trust SC 241 and EARC Trust SC 269 as per the Master Restructuring Agreement (MRA) dated February 06, 2020 and stands discharged of all liabilities, dues, demands or claims in respect of the Restructured Facilities. This disclosure is also available on the website of the Company: www.tilind.com.


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

Tilaknagar Inds Share Price

440.50 -2.75 (-0.62%)
22-Jun-2026 16:59 View Price Chart
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