Bullish Moving Averages
4
Bearish Moving Averages
12
Back Stocks profile
Stock analysis tool for investors
Performance
Today’s low
0.80Today’s High
0.8052W low
0.7052W High
2.00Open Price
0.80Prev. Close
0.8900Volume
2228305.00Value
1715794.85Fundamentals
Market Cap
22.50
Price to Earnings
98.50
Price to Book Value
0.40
Dividend Yield
0.00
PE to Growth
-1.40
Op Revenue TTM
0.78
Net Profit TTM
0.23
Cash From Operating Activity
-29.59
Return on Equity %
0.38
EMA & SMA
DELIVERY AND VOLUME
DAILY AVG. DELIVERY VOLUME %
05 Jul, 2024
100
Week
100
Month
100
LEGEND
Positive Indicator
Neutral Indicator
Negative Indicator
RESISTANCE AND SUPPORT
0.77
PIVOT
First Resistance
0.77
Second Resistance
0.77
Third Resistance
0.77
First Support
0.77
Second Support
0.77
Third Support
0.77
Relative Strength Index
36.83
Money Flow Index
30.03
MACD
-0.04
MACD Signal
-0.04
Average True Range
0.02
Average Directional Index
41.21
Rate of Change (21)
-14.44
Rate of Change (125)
-53.33
Commodity Channel Index
-41.2
Williams %R
-55.6
BETA
1 Month
-0.18
3 Month
-0.01
1 Year
0.17
3 Year
0.08
PRICE CHANGE ANALYSIS
↑ 4.05%
1 Week
Low
High
0.73
0.77
↓ -14.44%
1 Month
Low
High
0.73
0.89
↓ -29.36%
3 Months
Low
High
0.73
1.14
↓ -54.97%
6 Months
Low
High
0.73
2
↓ -32.46%
1 Year
Low
High
0.73
2
| Indicator | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 0.24 | 0.55 | 0.00 | 0.00 | 0.63 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses Qtr | 0.09 | 0.03 | 0.05 | 0.19 | 0.17 | 0.05 | 0.05 | 0.13 | 0.57 | 0.03 | 0.02 | |
| Operating Profit Qtr | 0.14 | 0.52 | -0.05 | -0.19 | 0.46 | 0.45 | -0.05 | -0.13 | -0.57 | -0.03 | -0.02 | |
| EBIDT Qtr Cr | 0.15 | 0.52 | -0.05 | -0.19 | 0.46 | 0.45 | -0.05 | -0.13 | -0.57 | -0.03 | -0.02 | |
| Depreciation Qtr | 0.12 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Profit Qtr | 0.03 | 0.49 | -0.08 | -0.22 | 0.43 | 0.45 | -0.05 | -0.13 | -0.57 | -0.03 | -0.02 | |
| Basic EPS Qtr | 0.00 | 0.04 | -0.01 | -0.01 | 0.01 | 0.01 | -0.00 | -0.01 | -0.04 | -0.00 | -0.00 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 0.79 | 1.13 | 0.00 | 0.42 | 0.02 | |
| Operating Expenses Annual Cr | 0.35 | 0.38 | 0.66 | 0.41 | 0.09 | |
| Operating Profit Annual | 0.43 | 0.74 | -0.66 | -0.01 | -0.09 | |
| Operating Profit Margin Annual % | 54.55 | 65.85 | -50798.46 | -2.94 | -481.79 | |
| Total Expenses Annual Cr | 0.56 | 0.41 | 0.66 | 0.41 | 0.09 | |
| EBIDT Annual Cr | 0.45 | 0.75 | -0.66 | 0.01 | -0.07 | |
| EBIDT Annual margin % | 56.42 | 66.53 | -50699.23 | 1.51 | -381.79 | |
| Depreciation | 0.21 | 0.03 | 0.00 | 0.00 | 0.00 | |
| PAT Before ExtraOrdinary Items Annual Cr | 0.24 | 0.72 | -0.66 | 0.01 | -0.07 | |
| Net Profit Annual | 0.24 | 0.72 | -0.66 | 0.01 | -0.07 | |
| Basic EPS Annual | 0.00 | 0.02 | -0.05 | 0.00 | -0.01 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 61.79 | 28.46 | 12.00 | 12.66 | 12.65 | |
| Minority Interest Liability Annual Cr | - | - | - | - | - | |
| Total Non Current Liabilities Annual Cr | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total Current Liabilities Annual Cr | 0.09 | 0.11 | 0.17 | 0.80 | 0.24 | |
| Total Capital Plus Liabilities Annual Cr | 61.87 | 28.56 | 12.17 | 13.46 | 12.90 | |
| Fixed Assets Annual | 0.45 | 0.65 | 0.00 | 0.00 | 0.00 | |
| Total Non Current Assets Annual | 8.19 | 5.84 | 3.20 | 3.66 | 3.50 | |
| Total Current Assets Annual | 53.68 | 22.72 | 8.96 | 9.80 | 9.40 | |
| Total Assets Annual | 61.87 | 28.56 | 12.17 | 13.46 | 12.90 | |
| Contingent Liabilities plus Commitments Annual Cr | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | -29.59 | -15.40 | 0.50 | -0.01 | -0.01 | |
| Cash from Investing Activity Annual | -0.02 | -0.68 | -0.12 | 0.00 | 0.00 | |
| Cash from Financing Annual Activity | 30.53 | 15.74 | 0.05 | 0.00 | 0.00 | |
| Net Cash Flow Annual | - | -0.34 | 0.43 | -0.01 | -0.01 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 0.99 | 0.97 | 0.89 | 0.94 | 0.93 | |
| ROE Annual % | 0.38 | 2.53 | -5.49 | 0.04 | -0.57 | |
| ROCE Annual % | 0.38 | 2.53 | -5.49 | 0.04 | -0.57 | |
| Total Debt to Total Equity Annual | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | |
| EBDIT Annual Margin % | 57.50 | 66.98 | 0.00 | 1.58 | 0.00 |
| Indicator | Graph |
|---|---|
| Total Qtr Revenue cr | |
| Operating Expenses Qtr | |
| Operating Profit Qtr | |
| EBIDT Qtr Cr | |
| Depreciation Qtr | |
| Net Profit Qtr | |
| Basic EPS Qtr |
| Indicator | Graph |
|---|---|
| Total Revenue Annual | |
| Operating Expenses Annual Cr | |
| Operating Profit Annual | |
| Operating Profit Margin Annual % | |
| Total Expenses Annual Cr | |
| EBIDT Annual Cr | |
| EBIDT Annual margin % | |
| Depreciation | |
| PAT Before ExtraOrdinary Items Annual Cr | |
| Net Profit Annual | |
| Basic EPS Annual |
| Indicator | Graph |
|---|---|
| Total ShareHolders Funds Annual | |
| Minority Interest Liability Annual Cr | |
| Total Non Current Liabilities Annual Cr | |
| Total Current Liabilities Annual Cr | |
| Total Capital Plus Liabilities Annual Cr | |
| Fixed Assets Annual | |
| Total Non Current Assets Annual | |
| Total Current Assets Annual | |
| Total Assets Annual | |
| Contingent Liabilities plus Commitments Annual Cr |
| Indicator | Graph |
|---|---|
| Cash from Operating Activity Annual | |
| Cash from Investing Activity Annual | |
| Cash from Financing Annual Activity | |
| Net Cash Flow Annual |
| Indicator | Graph |
|---|---|
| Book Value Per Share Annual | |
| ROE Annual % | |
| ROCE Annual % | |
| Total Debt to Total Equity Annual | |
| EBDIT Annual Margin % |
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|---|---|---|---|
| SAGAR PORTFOLIO SERVICES LIMITED | 9.82 | 87168620 | 0 | 0 |
| VISAGAR FINANCIAL SERVICES LIMITED | 4.49 | 87168621 | 0 | 0 |
| TILOKCHAND MANAKLAL KOTHARI | 2.23 | 87168622 | 0 | 0 |
| Name | Holding Percent | Holding Id |
|---|
| Name | Holding Percent | Holding Id |
|---|---|---|
| INDRAWATI ENTERPRISES PRIVATE | 6.44 | 87168628 |
| PMC FINCORP LIMITED | 4.83 | 87168629 |
| PHAGUN ENTERPRISES PRIVATE LIMITED | 3.5 | 87168630 |
| SANDARV TRADING PRIVATE LIMITED | 3.42 | 87168631 |
| Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|
| Ex-Date | Split Ratio | Record Date |
|---|---|---|
| Sep 25, 2014 | 10:1 | 2016-06-07 |
| Ex-Date | Purpose | Notes |
|---|---|---|
| May 29, 2024 | Audited Results | - |
| Feb 13, 2024 | Quarterly Results | - |
| Nov 06, 2023 | Audited Results | - |
| Aug 14, 2023 | Quarterly Results | - |
| May 05, 2023 | Audited Results | - |
| Jan 17, 2023 | Quarterly Results | - |
| Dec 03, 2022 | Others | Inter-alia, to consider Matter relating to payment of First and final call money on 496222210 partly paid-up equity shares of face value of Re. 1/- each. |
| Oct 28, 2022 | Quarterly Results | - |
| Oct 07, 2022 | Others | Inter alia, Call Extra-Ordinary General Meeting (EOGM) and approve Notice of EOGM for the above purpose. |
| Aug 01, 2022 | Quarterly Results | - |
| Jun 23, 2022 | Rights issue of Equity shares | (Revised) |
| May 18, 2022 | Audited Results | - |
| Feb 12, 2022 | Quarterly Results | - |
| Nov 11, 2021 | Quarterly Results | - |
| Aug 13, 2021 | Quarterly Results | - |
| Jun 30, 2021 | Quarterly Results | - |
| Feb 12, 2021 | Quarterly Results | - |
| Jan 18, 2021 | Others | Inter alia, 1. To explore & consider the available business opportunities & to insert a new Clause in the Main Object of the Memorandum of Association (MOA) of the Company for Development of Property |
| Jan 08, 2021 | Scheme of Arrangement | - |
| Nov 12, 2020 | Quarterly Results | - |
| Sep 12, 2020 | Quarterly Results | - |
| Jun 29, 2020 | Audited Results | - |
| Feb 13, 2020 | Quarterly Results | - |
| Nov 13, 2019 | Quarterly Results | - |
| Aug 13, 2019 | Quarterly Results | - |
| May 29, 2019 | Audited Results | - |
| Feb 13, 2019 | Quarterly Results | - |
| Nov 02, 2018 | Quarterly Results | - |
| Aug 10, 2018 | Quarterly Results | - |
| May 30, 2018 | Audited Results | - |
| Feb 13, 2018 | Quarterly Results | - |
| Dec 13, 2017 | Quarterly Results | - |
| Aug 10, 2017 | Quarterly Results | - |
| May 30, 2017 | Audited Results | - |
| Feb 10, 2017 | Quarterly Results | - |
| Nov 12, 2016 | Quarterly Results & Others | To consider the appointment of Mr. Sanjay Choubisa as an Additional Director on the Board and Chief Financial Officer of the Company; |
| Aug 12, 2016 | Quarterly Results & Others | To convene ensuing Annual General Meeting for the FY 2015-16; |
| Feb 10, 2016 | Quarterly Results | Execution of Listing Agreement with Bombay Stock Exchange Limited as per SEBI (Listing Obligations and Disclosure Requirements), 2015. |
| Nov 09, 2015 | Quarterly Results | - |
| Aug 14, 2015 | Quarterly Results | Adoption of new set of Articles of Association of the Company in accordance with Companies Act, 2013 subject to the approval of Members in AGM. |
| May 30, 2015 | Audited Results & Others | To appoint M/s. RNA & Associates, Chartered Accountants as Internal Auditors of the Company for the Financial Year 2014-15. |
| Nov 14, 2014 | Quarterly Results | - |
| Aug 27, 2014 | Others | 1. To approve draft notice for convening the AGM. 2. To decide on the dates for closure of the Register of members and Share transfer Register for the purpose of AGM. |
| Aug 13, 2014 | Quarterly Results | - |
| Jul 25, 2014 | Others | To discuss and consider resolutions to be passed under section 180 (1)(a), 180 (1)(c) and 186 of the Companies Act, |
| Jul 09, 2014 | Stock Split & Others | To alter Memorandum & Articles of Association, as may be required to give effect to the abovementioned sub-division of Equity Shares. |
| May 29, 2014 | Audited Results | - |
| May 15, 2014 | Others | To discuss and approve the change in accounting year of the Company from the existing July-June to financial year April-March with other business, if any. |
| Feb 14, 2014 | Quarterly Results | - |
| Nov 14, 2013 | Quarterly Results | - |
| Aug 27, 2013 | Audited & Quarterly Results | - |
| May 15, 2013 | Quarterly Results | - |
| Feb 14, 2013 | Quarterly Results | - |
| Nov 15, 2012 | Quarterly Results | - |
| Aug 30, 2012 | Audited Results | - |
| Jul 10, 2012 | Others | For appointment / resignation of Independent Directors of the Company. |
| May 12, 2012 | Quarterly Results | - |
| Jan 30, 2012 | Quarterly Results & Others | Special Resolution against the allotment of 1,00,00,000 Optionally Fully Convertible Warrants made on April 13, 2011 to the Promoters and Non-Promoters of the Company on preferential basis. |
| Sep 21, 2011 | Allotment of Equity Shares | - |
| Apr 11, 2011 | Allotment of Optionally FCWs | To allot of 1,00,00,000 Optionally FCWs having face value of Rs. 10/- each at a price of Rs. 2.50 per Share on preferential basis & to discuss about the present activities of the Company. |
| Feb 07, 2011 | Increase in Authorised Capital & Others | To increase the Authorised Share Capital of the Company from Rs. 4.00 Crs to Rs. 14.00 Crs & to consider raising of additional funds upto Rs. 10 Crs by way of Issue of Conv. Warrants on pref. basis. |
| Jan 31, 2011 | Quarterly Results | - |
| Apr 30, 2010 | Quarterly Results | - |
| Jan 30, 2010 | Quarterly Results | - |
| Oct 31, 2009 | Quarterly Results | - |
| Apr 29, 2009 | Quarterly Results | - |
| Jan 31, 2009 | Quarterly Results | - |
| Oct 31, 2008 | Quarterly Results & Others | To fix Record Date for purpose of splitting the shares in the face value of Rs 1/- per share. |
| Aug 30, 2008 | Audited, Quarterly Results & Stock Split | To increase in Authorised Capital & to Issue share / Warrants on preferential basis & to split the shares from Rs 10/- to Re 1/-. |
| Apr 30, 2008 | Quarterly Results | - |
| Jan 30, 2008 | Quarterly Results | - |
| Oct 31, 2007 | Quarterly Results | - |
| Jul 31, 2007 | Quarterly Results | - |
| Jan 31, 2007 | Quarterly Results | - |
| Nov 22, 2006 | Allotment of Bonus Shares | To approve the list of shareholders to whom the Allotment of Shares will be made in respect of Bonus Issue of 5:3. |
| Oct 31, 2006 | Quarterly Results | - |
| Aug 12, 2006 | Accounts & Bonus Issue | - |
| Jul 29, 2006 | Quarterly Results | - |
| Apr 28, 2006 | Quarterly Results | - |
| Jan 31, 2006 | Quarterly Results | - |
| Jan 23, 2006 | Change in the name of the company | To consider change of name of the company from "Maharashtra Industrial Leasing and Investments Ltd" to "Maharashtra Overseas Ltd". & to change in the object clause of the company. |
| Oct 29, 2005 | Quarterly Results | - |
| Jul 30, 2005 | Quarterly Results | - |
| Apr 29, 2005 | Quarterly Results | - |
| Mar 30, 2005 | Preferential Issue of shares | - |
| Jan 31, 2005 | Quarterly Results | - |
| Dec 31, 2004 | Preferential Issue of shares | Increase in Authorised Capital |
| Oct 30, 2004 | Quarterly Results | - |
| Jun 30, 2004 | Accounts | - |
| Mar 10, 2004 | Right Issue & Others | Increase in Authorised Capital, E.G.M., Right Issue of Equity Shares |
| Jan 29, 2004 | Quarterly Results | - |
| Oct 29, 2003 | Quarterly Results | - |
| Aug 28, 2003 | Accounts | - |
| Jul 25, 2003 | Quarterly Results | - |
| Apr 28, 2003 | Quarterly Results | - |
| Jan 31, 2003 | Quarterly Results | - |
| Oct 29, 2002 | Quarterly Results | - |
| Aug 25, 2002 | Accounts | - |
| Apr 30, 2002 | Quarterly Results | - |
| Jan 19, 2002 | Quarterly Results | - |
| Oct 31, 2001 | Quarterly Results | - |
| Jul 30, 2001 | Accounts & Quarterly Results | - |
| Apr 28, 2001 | Quarterly Results | - |
| Jan 31, 2001 | Quarterly Results | - |
| Oct 30, 2000 | Quarterly Results | - |
| Jun 07, 2000 | Preferential Offer | - |
| May 10, 2000 | Quarterly Results | - |
| Nov 30, 1997 | Half Yearly Results | - |
| Nov 25, 1997 | Half Yearly Results | - |
| May 31, 1997 | Unaudited Financial Results | - |
| Ex-Date | Bonus Ratio | Record Date |
|---|---|---|
| Nov 03, 2006 | 5:3 | 2006-11-06 |
05 Jul 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
COMPLIANCE CERTIFICATE UNDER REG.74(5) OF SEBI(DEPOSITORIES AND PARTICIPANTS) REGULATION,2018 FOR THE QUARTER ENDED 30TH JUNE 2024
26 Jun 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Closure of Trading Window
CLOSURE OF TRADING WINDOW FOR THE QUARTER ENDED JUNE 2024
31 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Announcement under Regulation 30 (LODR)-Newspaper Publication
NEWSPAPER PUBLICATION OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2024 IN THE FOLLOWING NEWSPAPER : 1.ACTIVE TIMES (ENGLISH) 2.MUMBAI LAKSHADWEEP(MARATHI)
29 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Revised Audited Financial Results For The Quarter And Year Ended 31St March 2024
1.Adoption of audited financial Results for the quarter and Year ended 31st March 2024 2.Decleration of unmodified opinion on the Audited Financial Results for the forth quarter and Year ended 31 St March 2024
29 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2024
1. ADOPTION OF STANDALONE AUDITED FINANCIAL RESULTS OF THE COMPANY FOR THE FOURTH QUARTER AND YEAR ENDED 31ST MARCH 2024 2. Declaration of Un-modified opinion on the Audited Financial Results for the fourth quarter and year ended 31st March 2024
29 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Board Meeting Outcome for Outcome Of The Board Meeting
This is to inform you that the Board of Directors of the Company at their Meeting held today on 29th May, 2024, inter alia, has approved and taken on record the following - 1. To adopt Standalone Audited Financial Results of the Company for the Fourth Quarter and year ended 31st March, 2024; along with the Auditors Report thereto; 2. Declaration of Un-modified opinion on the Audited Financial Results for the Fourth Quarter & year ended 31st March, 2024.!
24 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Statement Of Deviation(S) And Variations(S) Under Regulation 32Of The SEBI(Listing Obligation And Disclosure Requirements) Regulations ,2015 ('LORD')
Under Regulation 32 of the SEBI (LODR) Regulations 2015 (LODR) as amended, we are enclosing herewith the Statement of Deviation (s) and Variation (s) of the funds raised through Right Issue for the Quarter Ended on 31st March 2024
20 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Board Meeting Intimation for Intimation Of Board Meeting For Approval Of Audited Financial Results For The Fourth Quarter And Year Ended 31St March, 2024
MAHARASHTRA CORPORATION LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2024 ,inter alia, to consider and approve This is to intimate that in Compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Meeting of the Board of Directors of the Company is scheduled to be held on 29th May 2024 at its Registered Office, inter alia, to consider the following: 1. To adopt Audited Financial Results for the Fourth Quarter and year ended 31st March 2024; 2. To adopt and approve the Balance Sheet for the Fourth Quarter and year ended 31st March 2024 together with the Profit and Loss Account as of that date and the Report of the Auditors thereon; 3. To consider other business, if any.
15 May 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Compliances-Reg.24(A)-Annual Secretarial Compliance
In terms of Regulation 24(A) of the Securities and Exchange Board of India (LODR) Regulations 2015, we enclose herewith the Secretarial Compliance Report duly issued by Ms. Kirti Sharma, Practicing Company Secretary, for the financial year ended 31st March 2024
26 Apr 2024
MAHARASHTRA CORPORATION LTD. - 505523 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyMAHARASHTRA CORPORATION LTD. 2CIN NO.L71100MH1982PLC028750 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: HARDIKA SOLANKI Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER EmailId: [email protected] Name of the Chief Financial Officer: RAVIKUMAR RAJAK Designation: CHIEF FINANCIAL OFFICER EmailId: [email protected] Date: 26/04/2024 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
