27th April 2023
To,
Listing Department
The National Stock Exchange of India Limited
"Exchange Plaza"
Bandra-Kurla Complex, Bandra (East)
Mumbai 400051
Dear Sir/Madam,
Sub:Security Cover Certificate pursuant to Regulation 54 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to your email dated 14th October 2022 for submission of Security Cover Certificate in the format specified in Annexure I of the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated 19th May 2022 and pursuant to Regulation 54 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Company has only issued Listed Rated Unsecured Redeemable Non-Convertible Debentures of ₹ 500 Crores listed with the National Stock Exchange of India Limited and accordingly a Nil/ Not Applicable Security Cover Certificate is enclosed as at 31st March 2023 in the prescribed format of the SEBI circular.
This is for your information and records.
Thanking You,
Yours faithfully,
For Trent Limited
MEHERNOSH MIRZBAN SURTI
Digitally signed by
MEHERNOSH MIRZBAN SURTI
Date: 2023.04.27 19:13:23 +05'30'
M. M. Surti Company Secretary
Encl: As above
Annexure I- Format of Security Cover
Column B
Column A
Particular
s
Description of asset for which this certificate relate
ASSETS
Property, Plant and Equipment Capital Work-in- Progress Right of Use Assets
Goodwill
Intangible Assets Intangible Assets under Developme nt
Investment s
Colum | Colum | Colum | Column | Column | Colum | Column | Colum | Column K | Column L | Column M | Column N | Column O | |||
n C i | n Dii | n Eiii | Fiv | Gv | n Hvi | Ivii | n J | ||||||||
Exclusi | Exclus | Pari- | Pari- | Pari- | Assets | Eliminati | (Total | Related to only those items covered by this certificate | |||||||
ve | ive | Passu | Passu | Passu | not | on | C to H) | ||||||||
Charge | Charg | Charge | Charge | Charge | offered | (amount | |||||||||
e | as | ||||||||||||||
in | |||||||||||||||
Securit | |||||||||||||||
negative | |||||||||||||||
y | |||||||||||||||
) | |||||||||||||||
Assets | Other | debt | Carrying /book value | Carrying value/book | |||||||||||
shared by | assets on | amount | for exclusive | charge | value for pari passu | ||||||||||
pari passu | which | considere | Market | assets | where | market | charge | assets | |||||||
Market | where market value | ||||||||||||||
debt holder | there is | d more | value | is | not | ||||||||||
Value for | |||||||||||||||
is not ascertainable | |||||||||||||||
Debt for | Debt for | Value for | Total | ||||||||||||
(includes | pari- | than once | Assets | ascertainable | or | ||||||||||
or applicable | |||||||||||||||
Pari passu | Value(=K+L+M+ | ||||||||||||||
which | which | debt for | Passu | (due to | charged on | applicable | |||||||||
Other | |||||||||||||||
this | this | charge | N) | ||||||||||||
Secure | which this | charge | exclusive | Exclusive | (For | Eg. | Bank | (For Eg. | Bank | ||||||
certifica | certifica | Assetsviii | |||||||||||||
basis | |||||||||||||||
te being | d Debt | te being | certificate is | (excludin | plus pari | Balance, | DSRA | Balance, | DSRA | ||||||
issued & | g items | passu | market | value | is not | market value is not | |||||||||
issued | issued | ||||||||||||||
other debt | covered | charge) | applicable) | applicable) | |||||||||||
with pari- | in column | ||||||||||||||
passu | F) | Relating to Column F | |||||||||||||
charge) | |||||||||||||||
Book | Book | Yes/ | Book | Book | |||||||||||
Value | Value | No | Value | Value |
Not Applicable
MEHERNOSH | MEHERNOSH MIRZBAN |
MIRZBAN | Digitally signed by |
Date: 2023.04.27 | |
SURTI | SURTI |
19:13:43 +05'30' |
Loans
Inventories
Trade Receivable s
Cash and Cash Equivalents Bank Balances other than Cash and Cash Equivalents
Others
Total
LIABILITIE S
Debt securities to which this certificate pertains Other debt
sharing pari-passu charge with above debt
Other Debt
Subordinat ed debt
Borrowings
Bank
Debt Securities
Others
Trade payables
Annexure I- Format of Security Cover
Not Applicable
not to be filled
MEHERNOSH | MEHERNOSH MIRZBAN |
MIRZBAN | Digitally signed by |
Date: 2023.04.27 | |
SURTI | SURTI |
19:14:00 +05'30' |
Annexure I- Format of Security Cover
Lease
Liabilities
Provisions
Others
Total
Cover on
Book
Value
Cover on
Market
Valueix
Exclusiv | |
e | Pari-Passu |
Security | Security |
Cover | C ver Ra io |
Ratio |
- This column shall include book value of assets having exclusive charge and outstanding book value of debt for which this certificate is issued.
- This column shall include book value of assets having exclusive charge and outstanding book value of all corresponding debt other than column C.
- This column shall include debt for which this certificate is issued having any pari passu charge - Mention Yes, else No.
- This column shall include a) book value of assets having pari-passu charge b) outstanding book value of debt for which this certificate is issued and c). other
debt sharing pari- passu charge along with debt for which certificate is issued.
v This column shall include book value of all other assets having pari passu charge and outstanding book value of corresponding debt.
- This column shall include all those assets which are not charged and shall include all unsecured borrowings including subordinated debt and shall include only those assets which are paid-for.
- In order to match the liability amount with financials, it is necessary to eliminate the debt which has been counted more than once (included under exclusive charge column as also under pari passu). On the assets side, there shall not be elimination as there is no overlap.
- Assets which are considered at Market Value like Land, Building, Residential/ Commercial Real Estate to be stated at Market Value. Other assets having charge to be stated at book value/Carrying Value.
- The market value shall be calculated as per the total value of assets mentioned in Column O.
MEHERNOSH MIRZBAN SURTI
Digitally signed by
MEHERNOSH MIRZBAN SURTI Date: 2023.04.27 19:14:16 +05'30'
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Trent Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 05:16:11 UTC.