Ref No: /SBICTCL/DT/2020-21 June 22, 2020 To, SBICAP Trustee
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Ref No: /SBICTCL/DT/2020-21 June 22, 2020 To, SBICAP Trustee Company Limited Apeejay House, 6th Floor, West Wing, Dinshaw Wachha Road, Churchgate, Mumbai - 400 020 Dear Sir/Madam, Sub: Quarterly Compliance Report for the period January 1, 2020 to March 31, 2020. Re: Debenture Trust Deeds for various series of Bonds/Debentures issued – Statutory Compliance – Periodical Report for the quarter ending March 31, 2020 Pursuant to the Debenture Trust Deed dated May 26, 2017, January 18, 2018 May 10, 2019 and June 1, 2020 enclosed are the following:- 1. Names and address of Debenture holders with respective ISINs as on March 31, 2020 (enclosed as Annexure – 1); 2. We hereby confirm that: a. The Company has not defaulted in re-payment of principal and payment of interest to the debenture holders during the quarter ended March 31, 2020; b. That the assets of the Company on which the charge is created are adequate to discharge the obligations of the Company in respect of the Non- convertible Debentures (“NCDs”) issued by the Company - Asset Cover certificate will be provided once the annual audited financial results are approved in the Board Meeting. c. The properties charged for securing the issue of the NCDs are adequately insured and the policy is in the joint names of the Company and the Trustees; d. The Company has utilized the money raised by issue of Secured Redeemable NCDs for the purposes mentioned in the Disclosure Documents - Utilization certificate will be provided once the annual audited financial results are approved in the Board Meeting. e. The Company has created a Debenture Redemption Reserve as per the requirement of Companies Act, 2013, with respect to the NCDs issued by the Company – as per Ministry of Corporate Affairs circular dated August 16, 2019 the requirement of Debenture Redemption Reserve has been removed. ECap Equities Limited Corporate Identity Number: U67190TG2008PLC057122 Registered Office: 2nd Floor, MB Towers, Plot No. 5, Road No. 2, Banjara Hills, Hyderabad 500 034 Tel No.: +91 40 40316900 Corporate Office : Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai 400 098 Tel No.: +91 22 4009 4400 3. We would like to confirm that during the quarter ended March 31, 2020, the Company has not received any grievance from the debenture holders. However, this does not include routine queries received from debenture holders. 4. There is no change in composition of Board of Directors of the Company in the period January 1, 2020 to March 31, 2020. 5. Certificate from Chartered Accountant certifying that Security Cover, Debt equity ratio are maintained in accordance with the terms of issue of debentures – will be provided after the Board Meeting - Asset Cover certificate will be provided once the annual audited financial results are approved in the Board Meeting. 6. Utilization Certificate from the Statutory Auditor – Utilization certificate will be provided once the annual audited financial results are approved in the Board Meeting. We shall be pleased to provide you with any further information/clarification that you may require in the matter. Thanking You, Yours faithfully, For ECAP EQUITIES LIMITED Digitally signed by T K RAMASWAMY DN: c=IN, o=Personal, postalCode=400089, T K st=MAHARASHTRA, serialNumber=8c76973a8fa534db6e45221a27e96e6 9ca0ea186d1023f436c2a8c6919a63446, cn=T K RAMASWAMY RAMASWAMY Date: 2020.06.22 17:05:23 +05'30' T.K.Ramaswamy Director Encl: As above ECap Equities Limited Corporate Identity Number: U67190TG2008PLC057122 Registered Office: 2nd Floor, MB Towers, Plot No. 5, Road No. 2, Banjara Hills, Hyderabad 500 034 Tel No.: +91 40 40316900 Corporate Office : Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai 400 098 Tel No.