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| Exchange Disseminated Time 01/02/2017 18:32:31 | Shree Renuka Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 01, 2017, inter alia, has considered and approved the following:
The Board of Directors of the Company at its aforesaid meeting has also approved the extension of repayment / redemption schedule in respect of 11.70% Non Convertible Debentures (NCDs) aggregating to Rs. 150 Crores having ISIN INE087H07045 & Security Code: 948103 and 11.30% NCDs aggregating to Rs. 100 Crores having ISIN INE087H07052 & Security Code 949156.
Accordingly, the principal amount of both the aforesaid NCDs will be re-payable by the Company in the following manner - (a) 15% each in FY 2019-20 and 2020-21, (b) 20% in FY 2021-22 and (c) 25% each in FY 2022-23 and 2023-24. The amount in respect of each financial year will be re-payable in equal quarterly installments at the end of each calendar quarter of the relevant financial year, commencing from June 30, 2019.
The aforesaid board meeting commenced at 4.30 p.m. and concluded at 6.10 p.m. |
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