Indiabulls Housing Finance Ltd - 535789 - Clarification sought from Indiabulls Housing Finance Ltd
The Exchange has sought clarification from Indiabulls Housing Finance Ltd with respect to news article appearing on www.hindustantimes.com July 04, 2020 titled "Indiabulls arm gets 2,200crore lifeline from Oaktree Capital". The reply is awaited. Indiabulls Housing Finance reports 37% drop in standalone Q4 pre-tax profit
The lender made extra provisions of Rs 700 crore on account of Covid-19 equivalent to 1 per cent of the loan book. Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Allotment
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that in terms of the Board authorization dated February 5, 2020, the Company has today, July 03, 2020, allotted 1,500 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs. 150 Crores, on a private placement basis, as per below mentioned details. These NCDs have been subscribed by a large Indian public sector bank.For details, refer attachment. Indiabulls Housing Finance Ltd - 535789 - Earnings Update For The Financial Year Ended March 31, 2020
Please find enclosed an Earnings Update of Indiabulls Housing Finance Limited for the financial year ended March 31, 2020, for your information and record. Indiabulls Housing Finance Ltd - 535789 - Outcome Of Board Meeting
Enclosed are the Audited Standalone & Consolidated Financial Results of the Co for quarter & financial year ended 31.03.2020, approved by its Board at its today's meeting, which commenced at 15:30 PM and concluded at 19:45 PM, along with Audit Reports dated today, issued by Co.''s Statutory Auditors (SA) along with requisite information. Further, the Board has also considered and approved the proposal of fund raising through QIP/FCCB etc. upto USD 300 Million and appointment of Mr. Achutan Siddharth (DIN: 00016278) as an Independent Director. For details, please refer the attachment. Indiabulls Housing Finance Ltd - 535789 - Outcome Of Board Meeting
Enclosed are the Audited Standalone & Consolidated Financial Results of the Co for quarter & financial year ended 31.03.2020, approved by its Board at its today's meeting, which commenced at 15:30 PM and concluded at 19:45 PM, along with Audit Reports dated today, issued by Co.''s Statutory Auditors (SA) along with requisite information. Further, the Board has also considered and approved the proposal of fund raising through QIP/FCCB etc. upto USD 300 Million and appointment of Mr. Achutan Siddharth (DIN: 00016278) as an Independent Director. For details, please refer the attachment. Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Allotment
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that in terms of the Board authorization dated February 5, 2020, the Company has today, June 30, 2020, allotted 2,500 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs. 250 Crores, on a private placement basis, as per below mentioned details. These NCDs have been subscribed by a large Indian public sector bank. For details, refer attachment. Indiabulls Housing Finance Ltd - 535789 - Format of the Annual Disclosure to be made by an entity identified as a Large Corporate
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Compay Indiabulls Housing Finance Ltd 2 CIN L65922DL2005PLC136029 3 Report filed for FY 2020 Details of the borrowings (all figures in Rs crore) 4 Incremental borrowing done in FY(a) 968 5 Mandatory borrowing to be done through issuance of debt securities(b) = (25% of a) 242 6 Actual borrowings done through debt securities in FY(c) 120 7 Shortfall in the mandatory borrowing through debt securities, if any (d) = (b) - (c) { If the calculated value is zero or negative, write 'nil'} 122 8 Reasons for shortfall, if any, in mandatory borrowings through debt securities For the financial year ended March 31 2020 due to the constrained liquidity condition faced by the nonbanking financial companies further exacerbated by the Covid19 pandemic towards the end of the year and other macroeconomic factors and investor preferences influencing the debt markets and the vnonbank sector there has been insufficient demand for debt securities issued by us as well as other nonbanking financial companies While it is our constant endeavor to raise long term funding from the Indian bond markets diversity in avenues of funding can only be beneficial for a company incremental long term borrowing has been primarily available from banks in the financial year ended March 31 2020 Name of the Company Secretary :-Amit JainDesignation :-Company Secretary Name of the Chief Financial Officer :- Mukesh Garg Designation : -CFO Date: 30/06/2020 Indiabulls Housing Finance Ltd - 535789 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayIndiabulls Housing Finance Ltd 2CINL65922DL2005PLC136029 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 56251.63 4Highest Credit Rating during the previous FY CRISILAAA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 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. YES Name of the Company Secretary: Amit Jain Designation: Company Secretary EmailId: ajain@indiabulls.com Name of the Chief Financial Officer: Mukesh Garg Designation: Chief Financial Officer EmailId: mukesh.garg@indiabulls.com Date: 30/06/2020 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.