Annual report for Walchandnagar Industries Ltd. for FY-2023
26-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Disclosure Of Related Party Transactions Pursuant To Regulation 23 (9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
In terms of Regulation 23 (9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith disclosure of Related Party Transactions in the format specified under SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated 22nd November, 2021, for the half year ended on 31st March, 2023. This is for your information and record.25-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Outcome Of Board Meeting Dated May 25, 2023. Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
We are pleased to inform you that the Board of Directors at its meeting held today i.e. May 25, 2023, approved the following items: 1. The Audited Financial Results for the Quarter and Year ended March 31, 2023 (Copy of the same is enclosed). 2. Auditor's Report on Standalone Quarterly Financial Results and Year to date Results of the Company issued by our Statutory Auditors, M/s. Jayesh Sanghrajka & Co. LLP, Chartered Accountants (Copy of the same is enclosed). Further, we hereby confirm and declare that Statutory Auditors of the Company M/s. Jayesh Sanghrajka & Co. LLP, Chartered Accountants have issued report with Un- Modified opinion in respect of Audited Financial Results for the Quarter and year ended on March 31, 2023. The said declaration is made in pursuant to Regulation 33 (3) (d) of the Securities and Exchange Board of India (Listing Obligations and disclosure Requirements) Regulations, 2015 as amended. The Board Meeting commenced at 05:30 p.m. and concluded at 08:02 p.m.25-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Board Meeting Outcome for Outcome Of Board Meeting Dated May 25, 2023. Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
We are pleased to inform you that the Board of Directors at its meeting held today i.e. May 25, 2023, approved the following items: 1. The Audited Financial Results for the Quarter and Year ended March 31, 2023 (Copy of the same is enclosed). 2. Auditor's Report on Standalone Quarterly Financial Results and Year to date Results of the Company issued by our Statutory Auditors, M/s. Jayesh Sanghrajka & Co. LLP, Chartered Accountants (Copy of the same is enclosed). Further, we hereby confirm and declare that Statutory Auditors of the Company M/s. Jayesh Sanghrajka & Co. LLP, Chartered Accountants have issued report with Un- Modified opinion in respect of Audited Financial Results for the Quarter and year ended on March 31, 2023. The said declaration is made in pursuant to Regulation 33 (3) (d) of the Securities and Exchange Board of India (Listing Obligations and disclosure Requirements) Regulations, 2015 as amended.The Board Meeting commenced at 05:30 p.m. and concluded at 08:02 p.m.25-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
This is further to our letter dated July 20, 2022 informing the stock exchanges about the execution of Standstill Agreement dated July 19, 2022(Standstill Agreement)withACRE acting in its capacity as trustee of ACRE-120 TRUST-Lender,after assignment of debt of Company from KKR India Financial Services Ltd toACRE and our letter dated April 13, 2023 informing the stock exchanges that we have complied with all the standstill conditions to the settlement/restructuring as per the terms of the Standstill Agreement.We would like to inform you that we have successfully exited from the standstill arrangement under the Standstill Agreement and we after discussion and negotiation have agreed upon debt restructuring scheme with ACRE and has signed restructuring agreement dated May 18, 2023 as amended /supplemented from time to time(Restructuring Agreement)with ACRE-Lender.As required under Regulation 30 of the SEBI LODR Regulations, 2015, the requisite information is enclosed herewith as Annexure.19-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Announcement under Regulation 30 (LODR)-Restructuring
This is further to our letter dated July 20,2022 informing about the execution of Standstill Agreement dated July 19, 2022(Standstill Agreement)with ACRE acting in its capacity as trustee of ACRE-120 TRUST(Lender),after assignment of debt of the Company from KKR India Financial Services Ltd to ACRE and our letter dated April 13,2023 informing the stock exchanges that the Company has complied with all the standstill conditions to the settlement/restructuring as per the terms of the Standstill Agreement.We would like to inform you that we have successfully exited from the standstill arrangement under the Standstill Agreement and we after discussion and negotiation, we have agreed upon debt restructuring scheme with ACRE and has signed restructuring agreement dated May 18, 2023 as amended /supplemented from time to time (Restructuring Agreement) with ACRE( Lender).As required under Reg 30 of the SEBI LODR Regulations,2015, the requisite information is enclosed herewith as Annexure.19-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Board Meeting Intimation for Board Meeting Of The Company On May 25, 2023.
WALCHANDNAGAR INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2023 ,inter alia, to consider and approve In terms of Regulation 29 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a meeting of the Board of Directors of the Company will be held on Thursday, May 25, 2023, to consider, approve and take on record, amongst other business, the Audited Financial Results and Segment-wise Financial Result of the Company for the Quarter and Year ended on March 31, 2023. This is further to inform you that in accordance with the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, the trading window close period has commenced from April 01, 2023 and will end on May 27, 2023. This is for your information and record.18-05-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - 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 CompanyWALCHANDNAGAR INDUSTRIES LTD. 2CIN NO.L74999MH1908PLC000291 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 49.26 4Highest Credit Rating during the previous FY A4 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INDIA RATINGS AND RESEARCH PVT. 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. No Name of the Company Secretary: G S AGRAWAL Designation: WHOLE TIME DIRECTOR AND COMPANY SECRETARY EmailId: [email protected] Name of the Chief Financial Officer: SANDEEP JAIN Designation: CHIEF FINANCIAL OFFICER EmailId: [email protected] Date: 28/04/2023 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.28-04-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Certificate Under Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended March 31, 2023.
Please find enclosed herewith the Certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 issued by M/s. V. N. Deodhar & Co., Company Secretaries for the Financial Year ended March 31, 2023. We request you to take the same on record.24-04-2023
WALCHANDNAGAR INDUSTRIES LTD. - 507410 - Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 For The Quarter Ended March 31, 2023
Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith the Compliance Certificate for the financial year ended March 31, 2023.20-04-2023