TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Issue of Securities
In continuation to our letter dated May 20, 2021, we hereby inform you that the Company has issued and allotted Series 9 - 6000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures ('NCDs") of ? 600 Crore at a coupon rate of 7.45% p.a. and 8.05% p.a. vide Series 9A and Series 9B respectively on private placement basis TORRENT POWER LTD. - 532779 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company TORRENT POWER LTD. 2 CIN NO. L31200GJ2004PLC044068 3 Report filed for FY 2021-2022 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* FY 2021-22, 22-23 5 Incremental borrowing done in FY (T)(a) 1100.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 275.00 7 Actual borrowing done through debt securities in FY (T)(c) 250.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) Nil 8Quantum of (d), which has been met from (c)(e)* NA 9 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'}* 25 Crore (shortfall of Rs. 25 Crore carried forward to FY 2022-23) Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)FY 2020-21, 21-22 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Rahul ShahDesignation :-Company Secretary and Compliance Officer Name of the Chief Financial Officer :- Lalit Malik Designation... TORRENT POWER LTD. - 532779 - 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 CompayTORRENT POWER LTD. 2CINL31200GJ2004PLC044068 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 7199.71 4Highest Credit Rating during the previous FY AA+Stable 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 frameworkNSE 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: Rahul Shah Designation: Company Secretary & Compliance Officer EmailId: cs@torrentpower.com Name of the Chief Financial Officer: Lalit Malik Designation: Chief Financial Officer EmailId: cs@torrentpower.com Date: 25/04/2022 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. TORRENT POWER LTD. - 532779 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Compliance pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Torrent Power to acquire 50 MW solar plant from SkyPower Group
Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore. Torrent Power Ltd has entered into a Share Purchase Agreement (SPA) with SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited (the Sellers) for the acquisition of 100 per cent securities of Sunshakti Solar Power Projects Private Ltd (the SPV special purpose vehicle). The SPV operates a 50 MW Solar Power Project in the state of Telangana. Long-term Power Purchase Agreement (PPA) for the Project is with Northern Power Distribution Company of Telangana Limited (NPDCTL) for a period of 25 years at a fixed tariff of approx Rs 5.35 per kWh, with remaining useful life of about 20 years. The enterprise value for this acquisition is around Rs 417 crore, subject to closing price adjustments, if any, the company said in a statement. The acquisition is further subject to customary conditions for TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached herewith Media Release on execution of Share Purchase Agreement between Torrent Power Limited and SkyPower Southeast Asia III Investments Limited, SkyPower Southeast Asia Holdings 2 Limited (the Sellers) and Sunshakti Solar Power Projects Private Limited (the SPV) for acquisition of 100% securities of the SPV. TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Acquisition
Share Purchase Agreement between Torrent Power Limited and SkyPower Southeast Asia III Investments Limited, SkyPower Southeast Asia Holdings 2 Limited (the Sellers) and Sunshakti Solar Power Projects Private Limited TORRENT POWER LTD. - 532779 - Compliances-Compliance Certificate For The Period Ended On March 31, 2022
Compliance Certificate - Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Torrent Power raises Rs 600 crore via NCDs
The issue is proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd. TORRENT POWER LTD. - 532779 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended March 31, 2022