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| Exchange Received Time 16/10/2017 13:02:59 Exchange Disseminated Time 16/10/2017 13:03:05 Time Taken 00:00:06 | SUCESSFUL REPAYMENT OF DEBTS AND FINANCIAL OBLIGATIONS OF RS. 47.83/- CRORES AS PER RESTRUCTURING TERMS OF THE BANKERS.
In September 2014, the Company had opted for restructuring of Debt and has successfully achieved its objective by reducing the debts to the extent of Rs 45/- Crores by December 2016.
Further, the Company has also reduced Secured Debt to the extent of Rs. 4.80/- Crores by repaying the same in September 2017. Company has also raised fund of Rs. 7.93/- Crores by ay of QIP and out of such funds raised, the Company had further reduced Secured Debt to the extent of Rs. 1.31/- Crores and unsecured Debt to the extent to Rs. 1.19/- Crores and balance fund will be used towards enhancing business operations.
The current debt position of the Company from the Bankers to the extent of Long Term Secured Loan is Rs. 17.44/- Crores and to the extent Rs. 20.20/- Crores as Working Capital Loan. Hence total Secured Debt of the Company is Rs. 37.64/- Crores.
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