....
Ii
SOBH A
PASS ION A T WOR K
November 10, 2017 To
The Deputy Manager
Depar1ment of Corporate Services, BSE Limited
Floor 25, P.J Towers,
Dalal Street, Mumbai -400 00 l
Scrip Code: 532784Dear Sir I Madam,
Sub: Compliance under Regulation 52 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.With reference to the above captioned subject, please find enclosed the following:
1. Details of Non -Conver1ible Debentures issued on Private Placement Basis.
Certificate from Debenture Trustee as specified under Regulation 52(5).
Declaration by Auditor regarding Compliance of various provisions of Regulation 52.
Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements) , Regulations 2015.
Thanking you. Yours sincerely,
FOR SOBHA LIMITED VIGHNESHWAR G BHATCOMPANY SECRETARY AND COMPLIANCE OFFICER
SODHA LIMITED (formerly SOBHA DEVl:LOPlR', 11D.)REGD & CORPORATE OFFICE . 'SOBHA', SARJAPUR .MARATHAHALLI OUTER lING ROAD (ORR), DEVARMISANAHAILI, C[Ll.ANDUR l'OT BANGALORE . 560103. INDIA ICIN: L45101 KA l995PLCOl8475 I TEL . t9 1 -00-•9320000 IFAX . +91 RO •l'13104·M Ivr.·,w rnuh1 (M1
......... ..
iiiHiiiUSOB H A
The Manager, Listing Department
BSE Limited, Phiroze Jeejeebhoy Tower Dalal Street, Mumbai - 400 001
PASSION AT WORK Date: 10.11.2017
Dear Sir/Madam,
Details of Non-Convertible Debentures issued on Private Placement basis under Regulation 52(4) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015With reference to the above, we submit herewith the information and documents as per the provisions of Uniform Listing Agreement entered into with the Stock Exchanges where Debt Securities of the Company are listed and the Securities and Exchange Board ofIndia (Listing Obligation and Disclosure Requirements) Regulations, 2015 thereunder, for dissemination to the debenture holders as mentioned below:
The latest Credit Rating for Rs 200 er and for Rs. 125 er NCO issue isICRA-A+(Stable) and Brickworks-A+(SO).
The said NCDs are secured by equitable mortgage via Registered Memorandum of Entry (MOE) on the immovable property situated at Amani Doddakere Village, Kasba Hobli, Hosakote Taluka, in Bangalore aggregating to approx. 63 acres.
The asset cover for Rs 200 er and Rs. 125 er NCO issue is 1.50 times and is adequate as per the terms of the issue.
The Debt Equity Ratio as on 30.09.2017 is 0.99
4a) The Debt Service Coverage Ratio as on 30.09 .2017 is 0.29 4b) The nterest Service Coverage Ratio as on 30.09.2017 is 2.39
Interest/ repayment of principal on said NCDs for the half year ended 30.09.2017 are mentioned below:
ISIN | Type (Principal I Interest) | Due date of payment | Amount (Rs.) | Actual date of payment |
INE671H07269 | Interest | 11.04.2017 | 1,747,945 | 11.04.2017 |
INE671H07269 | Interest | 11.04.2017 | 200,000,000 | 11.04.2017 |
INE671H07160 I | nterest | 20.07.2017 | 125,000,000 | 20.07.2017 |
F;j A LTD.
r. ·d Signatories
SOBHA LIMITED
REGD & CORPORATE OFFICE :'SOBHA'. SARJAPUR • MARATHAHALLI OUTER RING ROAD. BELLANDUR POST. BANGALORE .560103. INDIA CIN: L45201KAl995PLC018475 ITEL :+91-80-49320000 IFAX :+9180 49320444 1 www.sobha. com
INE671H07160 | Principal | 20.07.2017 | 300,000,000 | 20.07.2017 |
INE671H07178 | Interest | 29.07.2017 | 12,000,000 | 29.07.2017 |
INE671H07178 | Principal | 29.07.2017 | 100,000,000 | 29.07.2017 |
INE671H07186 | Interest | 29.07.2017 | 6,000,000 | 29.07.2017 |
Il'J E671H07194 | Interest | 29.07.2017 | 42,000,000 | 29.07.2017 |
INE671H07202 | Interest | 18.09.2017 | 5,983,561 | 18.09.2017 |
INE671H07202 | Principal | 18.09.2017 | 50,000,000 | 18.09.2017 |
INE671H07210 | Interest | 18.09.2017 | 23,934,246 | 18.09.2017 |
INE671H07228 | Interest | 28.09.2017 | 5,983,561 | 28.09.2017 |
INE671H07228 | Principa l | 28.09.2017 | 50,000,000 | 28.09.2017 |
INE671H07236 | Interest | 29 .09.2017 | 24,000,000 | 29.09.2017 |
6. The next due date for payment of interest/ principal along with the amount of interest and the redemption amount on said NCDs during next half-yea r i.e. 01.10.2017 to 31.03.2018 are mentioned below :
ISIN | Type (Principal/ Interest) | Due date of payment | Amount (Rs.) |
INE671H07244 | Interest | 03.03.2018 | 16,875,000 |
INE671H07251 | Interest | 03.03.2018 | 11,400;000 |
INE671H07277 | Interest | 11.03.2018 | 22,675,068 |
INE671H07285 | Interest | 17.03.2018 | 16,875,000 |
INE671H07293 | Interest | 21.03.2018 | 28,125,000 |
INE671H07301 . | Interest | 21.03.2018 · | 22,800,000 |
Company does not expect default i n payment of principal / interest due in next half year
Details of Debenture Redemption Reserve :
Series I
Tranche
Amount of issue
Rs. {In Cr.)
DRR required to be created Rs. {In Cr.)
DRR created upto 30.09.2017 Rs. {In Cr.)
Funds invested for debentures maturing during the year
Series-1
100
11.23
11.23
NIL
Series-3
5
0.91
0.91
NIL
Series-4
35
4.76
4.76
NIL
Series-6
20
3.39
3.39
NIL
Series-8
20
2.51
2.51
NIL
Series-9
15
2.84
2.84
NIL
Series-10 .
10
0.99
0.99
NIL
Series-12
20
1.95
1.95
NIL
Series-13
15
2.77
2.77
NIL
Series-14
25
4.58
4.58
NIL
Series-15
20
1.91
1.91
NIL
TOTAL
285.00
37.84
37.84
-
Net worth of the Company as on 30.09.2017 is Rs 2,713 er
Ne_t profit after tax of the Company as on 30.09.2017 is Rs 97.40 er
Earnings per share as on 30.09.2017 is Rs 10.20 on an annualized basis.
Sobha Limited published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 12:03:04 UTC.
Original documenthttp://www.sobha.com/pdfs/Debenture-upload.pdf
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