....

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: 532784

Dear 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.

  1. Certificate from Debenture Trustee as specified under Regulation 52(5).

  2. 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 BHAT

COMPANY 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

......... ..

iiiHiiiU

SOB 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, 2015

With 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:

  1. The latest Credit Rating for Rs 200 er and for Rs. 125 er NCO issue isICRA-A+(Stable) and Brickworks-A+(SO).

  2. 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.

  3. 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.

  4. 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

  5. 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

  1. 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

    -

  2. Net worth of the Company as on 30.09.2017 is Rs 2,713 er

  3. Ne_t profit after tax of the Company as on 30.09.2017 is Rs 97.40 er

  4. 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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