Monitoring and Disclosures by Debenture Trustee(s)

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....IRSD/ CRADT/ CIR/ P/ 2020/218 dated November 03, 2020, has prescribed the manner in which debenture trustees shall carry out due diligence for creation of security at the time of issuance of debt securities and as required under Regulation 15(1)(s) & 15(1)(t) of DT Regulations, debenture trustee(s) shall carry out due diligence on continuous basis.  Debenture trustee shall carry out periodical monitoring in following manner: 2.1.  Debenture trustee shall incorporate the terms and conditions of periodical monitoring in the debenture trust deed wherein listed entity shall be liable to provide relevant documents/ information, as applicable, to enable the debenture trustee(s) to submit the following reports/ certification to Stock Exchange(s) within the timelines mentioned below:           Reports/Certificate Periodicity Format Asset cover Certificate  Quarterly basis within 60 days from end of each quarter  Annexure A A statement of value of pledged securities - A statement of value for Debt Service Reserve Account or any other form of security....

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....efault cases Table 6 of Annexure B Status regarding maintenance of accounts maintained under supervision of debenture trustee Annual basis within 75 days of the end of the financial year Table 7 of  Annexure B Status of information regarding any default by listed entity and action taken by debenture trustee Table 8 of  Annexure B Monitoring of Utilization Certificate Table 3 of  Annexure B D. Reporting of regulatory compliance 5.  The formats for periodical reporting prescribed by SEBI Circular No. CIR/MIRSD/25/2011 dated December 19, 2011 stands rescinded and the debenture trustee(s) shall furnish revised periodical reports to SEBI in the formats as follows:  Report Periodicity Format Half yearly compliance report Half-yearly basis within 30 days of the end of each half-year. Annexure C Details of other activities carried out by Debenture Trustee(s) including type of activity, description of activity etc. - Risk-Based Supervision report - 6.    This circular is issued in exercise of the powers conferred upon SEBI under Section....

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....The total assets of the listed entity provide coverage of ...... times of the principal, which is in accordance with the terms of issue (calculation as per statement of asset coverage ratio available for the unsecured debt securities - table – II) (as per requirement of Regulation 54 read with Regulation 56(1)(d) of LODR Regulations). Sr. Particulars No. i. Table - I: Total assets available for secured Debt Securities' - (secured by either pari passu or exclusive charge on assets) (mention the share of Debt Securities' charge holders) • Property Plant & Equipment (Fixed assets) - movable/immovable property etc • Loans /advances given (net of provisions, NPAs and sell down portfolio), Debt Securities, other credit extended etc • • Receivables including interest accrued on Term loan/ Debt Securities etc Investment(s) . Cash and cash equivalents and other current/ Non-current assets ii. Total borrowing through issue of secured Debt Securities (secured by either pari passu or exclusive charge on assets) Amount A B Debt Securities (Provide details as per table below) â....

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....Name of the Listed ISIN Immediate Previous Credit Rating Revised Credit Rating Entity Credit Rating Date of Rating Credit Rating Agency Credit Rating Credit Rating Agency Date of Review 2. Status of payment of interest/principal by the listed entity S.No Name of the listed ISIN Due Date of entity Payment of Interest/ Principal Actual date of Payment of Interest/ Principal Status of Payment (Default/Delayed / Non-Cooperation, No Information etc.) Date of information given to Exchange by the debenture trustee Annexure B Hyperlink of the press releases by the Credit rating Agency Date of information given to CRA by the debenture trustee Details of action taken by debenture trustee, if any size (in Rs. 3. Monitoring of Utilization Certificate and Asset Cover Name of Issue the listed entity Type (Public/ (including Privately crores) Periodical status/ Issue Whether Secured/ Unsecured Utilization Certificate Asset cover Certificate performance reports/ ISIN) placed listed) Quarterly Complia....

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.... debenture trustee including default cases No. of pending Complaints at the end of last half year No. of complaints received during the half year No. of complaints resolved during the half year (within 30 days) No. of complaints pending at the end of half year (for more than 30 days) Nature of the Complaint(s) Delay in payment of interest Delay in payment of redemption Any other Steps taken to resolve the pending complaints Remarks, if any 8 Page GBI भारतीय प्रतिभूति और विनिमय बोर्ड Securities and Exchange Board of India 7. Status regarding maintenance of accounts maintained under supervision of debenture trustee a. Debenture Redemption Reserve/Debenture Redemption/ maintenance of funds as per Companies (Share Capital and Debentures) Rules, 2014 S.N Name of the Issue Type 0. Listed Entity (Public/ Type of entity Privately (NBFC/ placed HFC/FI/ listed) Other) Issue Size (in crores) ISI....