...........
UIIUIW
SOBHA
November 9, 20 18
To
The Deputy Manager
Department of Corporate Services, BSF Limited
Floor 25, P.J Towers,
Dalal Street, Mumbai- 400 00 I
Scrip Code: 532784
Dear Sir I Madam,
Sub: Compliance under Regulation 52 of SEBI (Listing obligations and Disclosur·e Requirements) Regulations, 2015.
With reference to the above captioned subject, please find enclosed the following:
I. | Details of Non Convertible Debentures issued on Private Placement Basis. |
2, | Certificate from Debenture 'rrustee as specified under Regula! ion 52(5 ). |
3. | Declaration by Chartered Accountant 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
hSSION ,T WOfl~
The Manager, Listing Department
Date: 09.11.2018
BSE Limited, Phiroze Jeejeebhoy Tower Dalal Street, Mumbai- 400 001
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 of India (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 cr and for Rs. 125 cr NCD issue is ICRA-A+(Stable) and Brickworks-A+(SO).
2. The said NCDs are secured by equitable mortgage via Registered Memorandum of Entry (MOE) on lhe Immovable property situated at Amani Doddakere Village, Kasba Hobli, Hosakole Taluka, In Bangalore aggregating to approx. 63 acres.
3. The asset cover for Rs 200 cr and Rs. 125 cr NCD issue is 1.50 times and is adequate as per the terms of the issue.
4. The Debt Equity Ratio as on 30.09.2018 is 1.27
4a) The Debt Service Coverage Ratio as on 30.09.2018 is 0.24
4b) The Interest Service Coverage Ratio as on 30.09.2018 is 2.38
5. Interest/ repayment of principal on said NCDs for the half year ended 30.09.2018 are mentioned below:
Series I Tranche IISIN | Type (Principal I Interest) | Due date of payment | Amount (Rs.in Min) | Actual paymentdate of |
INE671H07244 | Principal | 03.04.2018 | 150 | 03.04.2018 |
INE671H07244 | Interest | 03.04.2018 | 1.34 | 03.04.2018 A |
ForS~~~lTED
SOBHA UM!TEK)
REGD & CORPOR/TE OF!'ICE: .'SOI~H/'. SARJMUR- r1ARATi-iAHALIJ OUTER RING ROAD. BELLANDUR POST., | .. | ',/ ..i:JRE · 560103, 11lDI! |
CIN: IAS20 I K/-I99SPLCOI B47S I TEL: +91 ·80-493'20000 I FAX · +9180 493201-1-1 iwww.sobh | 01 |
•
Authorisetl S1gnD.t.JJ1 ~·-··:-
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INE671H07285 | Principal | 17.04.2018 | 150 | 17.04.2018 |
INE671H07285 | Interest | 17.04.2018 | 1.34 | 17.04.2018 |
INE671H07293 | Principal | 21.04.2018 | 250 | 20.04.2018 |
INE671H07293 | Interest | 21.04.2018 | 2.31 | 20.04.2018 |
INE671H07160 | Principal | 20.07.2018 | 350 | 20.07.2018 |
INE671H07160 | Interest | 20.07.2018 | 87.50 | 20.07.2018 |
INE671H07186 | Interest | 29.07.2018 | 5.97 | 27.07.2018 |
INE671H07186 | Principal | 29.07.2018 | 50 | 27.07.2018 |
INE671H07194 | Interest | 29.07.2018 | 42.11 | 30.07.2018 |
INE671H07210 | Interest | 18.09.2018 | 24 | 18.09.2018 |
INE671H07210 | Principal | 18.09.2018 | 200 | 18.09.2018 |
INE671H07236 | Interest | 29.09.2018 | 24.13 | 01.10.2018 |
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-year i.e. 01.10.2018 to 31.03.2019 are mentioned below:
Series/Tranche/ISIN | Type (Principal/ Interest) | Due date of payment | Amount (Rs.Min) |
INE671H07251 | Interest | 03.03.2019 | 11.34 |
INE671H07277 | Interest | 11.03.2019 | 22.74 |
INE671H07301 | Interest | 21.03.2019 | 22.80 |
Company does not expect default in payment of principal I interest due in next half year
For SOBJ1 ~'ED
Authori~natories
7. Details of Debenture Redemption Reserve :
Series I Tranche
Amount of issueRs. (In Cr.)
ORR required to be created Rs. (In Cr.)
ORR created upto 30.09.2018Rs. (In Cr.)
Funds invested for debentures maturing during the year
INE671 H07160
35.00
7.00
7.00
NIL
INE671 H07194
15.00
2.98
2.98
NIL
INE671 H07194
20.00
3.97
3.97
NIL
INE671 H07236
20.00
3.76
3.76
NIL
INE671 H07251
10.00
1.61
1.61
NIL
INE671 H07277
20.00
3.19
3.19
NIL
INE671 H07301
20.00
___ , _______ 3.16
3.16
NIL
TOTAL
140.00
25.66
25.66
8. Net worth of the Company as on 30.09.2018 is Rs 1,892 cr
9. Net profit after tax of the Company as on 30.09.2018 is Rs 100 cr
10. Earnings per share as on 30.09.2018 is Rs 10.59.
11. We confirm that the information submitted as above is true and correct and the undersigned has authority to submit the same to you and that we are aware that above information is expected to be placed on the website of your Stock Exchange and that of Debenture Trustees.
Thanking you,
Yours sincerely,
For soBBA
For Sob
Ll TED
L" 1ted
Aut.horis
Authorized Signatory
CATALYST
Believe in yourself. .. Trust us!
CERTIFICATE FOR RECEIPT AND NOTING OF INFORMATION [Pursuant to Regulation 52(5) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations. 2015]
We, Catalyst Trusteeship Limited ("Debenture Trustee") hereby confirm that we have received and noted (without independent verification thereof) the information, as specified under regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Regulations"), provided to us by Sobha Limited ("the Company") for the Half year ended on September 30, 2018.
This Certificate is being issued pursuant to the requirements of Regulation 52(5) of the aforesaid Regulations, for onward submission to Stock Exchange(s) by the Company.
For Catalyst Trusteeship Limited
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Authorised Signatory
Date: November 09, 2018
An IS0:9001 Company
CATALYST TRUSTEESHIP LIM!TEDe;•~'-"'""''"!!!"-"""'"'-"""'"!E"'lli!'f'P'-"""'""lli"!L'---------------------""==-==.
Mumbal Office Office No. 03-87, Slh Floor, a Wing, Mitt;~l Tower, Nariman Point, Mumbal400021 Te1 ...91 (022)4922 0555 Fax+91 (022) 4922 0505
Ragd. Off! c.a GOA Housa, Plot No. 85, Bhusarl Colony (Right). Paud Road, Pune 411 038 'fat +91 (020) 25280081 Fox +91 (020) 25280275
Delhi Office omce No. 213, 2nd ftoor,Navrang House, 21 Kasturba Candhl Marg. New Oelhl-110 001. Tel. 01143029101.
CIN No. u·t~999PN1997PLCll0.262 l:meil dl:@cltrustae.com websltewww.catalystttustee.com
Puno 1 Mumb&i 1 8l'ngaluru I Delhi I Chennal
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Sobha Limited published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 12:33:05 UTC