In continuation to the Exchange Notices No- 20180516-6, 20160713-10 and 20180807-10 dated 16 May 2018, 13 Jul 2016 and 07 Aug 2018 respectively regarding debt securities of Twenty Five South Realty Limited, Company has intimated change in terms of Debentures as below:
(Scrip Code- 949759 and INE681H07086).
Pursuant to the various commercial reasons and the commercial understanding between the parties to the Debenture Agreements, the Company has proposed to modify the terms of the NCDs to the following extent:
(a) Release of first ranking charge over the properties, forming part of the Mortgaged Properties:
DETAILS OF THE RELEASED PROPERTY:
|
S. No.
|
Name
|
Date of Registration of Conveyance Deed
|
Date of Execution of Conveyance Deed
|
Survey No. / Gut No.
|
Hissa No.
|
Land Area (in H.R.P)
|
|
1.
|
Babulal M. Parekh
|
09.02.2010
|
31.12.2009
|
137
|
0
|
0.12.0
|
|
|
Total
|
|
|
|
|
0.12.0
|
(b) The first ranking charge over the remaining properties, forming part of the Mortgage Properties other than the Released Properties, created in favour of the Debenture Trustee shall be retained, till the entire repayment of the NCDs and other amounts to the Debenture Holders in the manner provided in the Debenture Agreements.
(c) Retention of second ranking charge over the Receivables till the entire repayment of the NCDs and other amounts to the Debenture Holders in the manner provided in the Debenture Agreements.
Trading Members are requested to take a note of the same
In case of any further details, Trading Members may contact the following Officials:
Rupal Khandelwal
Manager
October 03, 2018 |