Page 206 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements
Particulars
4,523,923 (March 31, 2019 - Nil ) 0% Optionally Convertible Debentures of ` 10 each**
12,063,019 (March 31, 2019- Nil) 0% Optionally Convertible Debentures of ` 10/- each
Optionally Convertible Redeemable Preference Shares (unsecured)
366,074 (March 31, 2019 - 366,074) 0.0001 % Optionally convertible redeemable preference shares of ` 10 each
- Loans (carried at amortised cost)
from banks
from financial institutions
- Vehicle Loans (carried at amortised cost)
from banks
from financial institutions
Term Loans (carried at amortised cost)
From others
Amount disclosed under other current financial liabilities (Refer Note 24)
As at March 31, 2020
452
790
-
21,082 2,355
127 45
-
42,253
-
As at March 31, 2019
-
-
-
27,283 370
12 28
-
48,632
-
48,632
Total 42,253 Notes:
18A: SECURED DEBENTURES
a) Non Convertible Redeemable Debentures Security:
-First exclusive charge by way of registered mortgage on all rights, interest & title of certain buildings of sector R-1 having saleable area of 1,002,386 sq.ft.
Non-convertible debenture have tenure of 5 years with put option at end of tenure. In the event debenture holder does not exercise put option as per debenture trust deed, the term may be extended for the further term of 4 years.
Non-convertible debentures are issued at zero coupon rate.
The repayment terms:
Group has Identified Inventory (in sq. ft of saleable area) against these NCD’s. Repayment of these NCD’s are linked to sales and subsequent collection of this Identified Inventory. These NCD’s are repaid in tranches on bi-monthly basis to the extent of collection received from Identified Inventory.
The Company has created debenture redemption reserve pursuant to Section 71(4) of the Act.
204 | Kolte-Patil Developers Limited
Non Current
Current
As at March As at March
31, 2020 31, 2019 - - -- - -
586 586
18,055 21,161 1,343 1,087
89 70 49 41
803 901
21,262 24,691
(21,262) (24,691) - -