Shalibhadra Finance Limited approved the issuance of senior, secured, rated, listed, redeemable, transferable, non-convertible debentures of the aggregate nominal value of up to INR 19,50,00,000/- (Rupees Nineteen Crores and Fifty Lakhs only) or such other amount as maybe determined ("Debentures"), by Shalibhadra Finance Limited (the "Company"), on a private placement basis, inter alia, setting out the broad terms and conditions on which the Debentures are to be issued; Type of securities proposed to be issued (viz. Senior, secured, rated, listed, redeemable, transferable, equity shares, convertibles etc.) non-convertible debentures ("Debentures"). Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) The Debentures shall be issued by the Company on a private placement basis.
Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) Up to INR 19,50,00,000/- (Indian Rupees Nineteen Crores and Fifty Lakhs Crores only). Size of the issue Up to INR 19,50,00,000/- (Indian Rupees Nineteen Crores and Fifty Lakhs Crores only). Whether proposed to be listed?
If yes, name of the stock exchange(s) The Debentures are proposed to be listed on the BSE Limited. Tenure of Instrument Date of Allotment and Date of Maturity Date of Allotment: The same shall be set out under the Transaction Documents to be executed in relation to the Debentures. Date of Maturity: The same shall be set out under the Transaction Documents to be executed in relation to the Debentures.
Coupon/interest offered, schedule of payment of coupon/interest and principal The coupon shall be payable on a monthly basis in respect of the Debentures from the deemed date of allotment on the coupon payment date(s) until the maturity date, which shall be 12% (Twelve Percent) per annum. Charge/security, if any, created over the assets The Debentures shall be secured by way of: (i) a first ranking, exclusive and continuing charge created by the Company by way of hypothecation over specific loan receivables /book debts of the Issuer; and (ii) an unconditional and irrevocable personal guarantee to be issued by the promoters of the Company, under the terms of the Transaction Documents (as defined below). Special right/interest/privileges attached to the instrument and changes thereof None.
The rights/interests/privileges of the holders of the Debentures shall be set out in the debenture trust deed to be entered into between the Company and the debenture trustee ("Debenture Trust Deed") in respect of each tranche of the Debentures, and any other related document thereto (the "Transaction Documents"). Delay in payment of interest /principal amount for a period of more than three months from the due date or default in payment of interest /principal The same shall be set out under the Transaction Documents to be executed in relation to the Debentures.
