Satra Properties (India) Share Price

Satra Properties (India) Limited has informed the exchange regarding Delisting of Equity shares and Reduction of Equity Share Capital in accordance with the Resolution plan approved by Honble NCLT Mumbai bench vide its order dated 26 July 2024.

Satra Properties (India) Limited has informed the exchange regarding Delisting of Equity shares and Reduction of Equity Share Capital in accordance with the Resolution plan approved by Honble NCLT Mumbai bench vide its order dated 26 July 2024.

Approval of resolution plan by Honble NCLT

The Exchange has sought clarification from Satra Properties India Ltd with reference to news appeared on https://realty.economictimes.indiatimes.com dated August 05 2024 (Link: https://realty.economictimes.indiatimes.com/news/regulatory/nclt-approves-rs-184-crore-resolution-plan-for-satra-properties/112291667) quoting NCLT approves Rs 184 crore resolution plan for Satra Properties <BR><BR>The reply is awaited.

<b>Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=1px> <tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> </tr> <tr> <td>1</td> <td>Name of Company</td> <td>SATRA PROPERTIES (INDIA) LTD.</td> </tr> <tr> <td>2</td> <td>CIN NO.</td> <td>L65910MH1983PLC030083</td> </tr> <tr> <td>3</td> <td>Report filed for FY</td> <td>2022-2023</td> </tr> <tr><td colspan=3>Details of the Current block (all figures in Rs crore):</td><tr> <tr> <td>4</td> <td>2 - year block period (Specify financial years)* </td> <td>2020-2021 21-22</td> </tr> <tr> <tr> <td>5</td> <td>Incremental borrowing done in FY (T)(a) </td> <td>0.00</td> </tr> <tr> <td>6</td> <td>Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a)</td> <td>0.00</td> </tr> <tr> <td>7</td> <td>Actual borrowing done through debt securities in FY (T)(c)</td> <td>88.83</td> </tr> <tr> <td>8</td> <td> Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d)</td> <td>0</td> </tr> <tr> <td>8</td><td>Quantum of (d) which has been met from (c)(e)*</td> <td>0</td> </tr><tr> <td>9</td><td> Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}*</td> <td>0</td> </tr> </table> <br/><br/><table><tr><td colspan=2><b>Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):</b></td></tr> <tr><td>2 - year Block period (Specify financial years)</td><td>2020-21 21-22</td></tr> <tr><td>Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#</td><td>0.00</td></tr> </table> <div> <br/><br/><br/> <table><tr><td>Name of the Company Secretary :-</td><td>Vaishali Patrikar</td></tr><tr><td>Designation :-</td><td>Resolution Professional</td></tr> <tr><td>Name of the Chief Financial Officer :- </td><td>Vaishali Patrikar</td></tr> <tr><td>Designation : -</td><td>Resolution Professional</td></tr></table><div> <br/> Date: 19/04/2023<br/><br/></div>