ORIENT GREEN POWER COMPANY LTD. - 533263 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 read with Schedule III and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the copies of newspaper advertisement published in Business Standard (English) and Makkal Kural (Tamil). ORIENT GREEN POWER COMPANY LTD. - 533263 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/1/27/2019 dated February 08, 2019, we enclose herewith the copy of Annual Secretarial Compliance Report issued by M/s. M. Alagar & Associates, Practicing Company Secretaries, for the year ended March 31, 2023. ORIENT GREEN POWER COMPANY LTD. - 533263 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015, we hereby inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors vide its circular resolution approved on May 03, 2023 has inducted Ms. Sannovanda Swathi Machaiah as an Additional Director (Independent) w.e.f. May 03, 2023 for a tenure of 5 years, subject to the approval of the shareholders of the Company. ORIENT GREEN POWER COMPANY LTD. - 533263 - 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 CompanyORIENT GREEN POWER COMPANY LTD. 2CIN NO.L40108TN2006PLC061665 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 14.74 4Highest Credit Rating during the previous FY BB 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INFOMERICS VALUATION AND RATING 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: M Kirithika Designation: Company Secretary and Compliance Officer EmailId: kirithika@orientgreenpower.com Name of the Chief Financial Officer: J Kotteswari Designation: Chief Financial Officer EmailId: kotteswari.j@orientgreenpower.com 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. ORIENT GREEN POWER COMPANY LTD. - 533263 - Submission Of Compliance Certificate Under Regulation 40(9) & (10) Of The SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015
We enclose Compliance Certificate in terms of Regulation 40 (9) & (10) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for year ended 31st March 2023 dated 20th April 2023 received from M/s R. Sridharan & Associates, Company Secretaries ORIENT GREEN POWER COMPANY LTD. - 533263 - Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended 31St March 2023
Please find enclosed herewith the Compliance Certificate under Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements), duly signed by Cameo Corporate Services Limited, the Registrar and Share Transfer Agent of the Company and the Compliance Officer of Company for the financial year ended 31st March 2023 ORIENT GREEN POWER COMPANY LTD. - 533263 - Refinancing Of Debt Of A Major Subsidiary With Reduced Interest Rates Yields ~ Rs. 25 Crores Interest Relief
As per our intimation dated April 3rd 2023, Beta Wind Farm Private Limited (BETA), subsidiary of Orient Green Power Company Limited (OGPL) obtained sanction from IREDA for refinancing the existing Term Loan and Working Capital Facilities amount to Rs. 721.21 Crores with additional Term Loan Facilities amount to Rs. 4.90 Crores at the rate of interest of 9.40% per annum, OGPL has extended Corporate Guarantee and provided security on the behalf of BETA for Rs. 726.11 Crores. ORIENT GREEN POWER COMPANY LTD. - 533263 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 read with Schedule III and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the copies of newspaper advertisement published in Business Standard (English) and Makkal Kural (Tamil) regarding publication of Audited Financial Results of the Company for the quarter and year ended 31st March 2023.
Orient Green Power loss narrows to nearly Rs 19 cr in March quarter
Orient Green Power Company on Thursday posted a consolidated net loss of Rs 18.97 crore in the March quarter on the back of higher expenses. The consolidated net loss of the company was Rs 32.35 crore in the year-ago period, a BSE filing stated. The company's total income stood at Rs 46.45 crore during the quarter as against Rs 40.20 crore a year ago. The total expense of the firm rose to Rs 71.99 crore during the period under review from Rs 70.88 crore in the corresponding period of the previous year. The consolidated net loss also narrowed to Rs 33.33 crore in 2022-23 as compared with Rs 35.78 crore in the previous fiscal. "The current fiscal is a moderate one in terms of wind availability with a dip in generation. This is expected to be recouped from an early onset of wind season next year," T Shivaraman, Managing Director and CEO, said in the statement. The previous year witnessed a one-time income of Rs 2,465 lakh due to resumption in REC (renewable energy certificates) trad ORIENT GREEN POWER COMPANY LTD. - 533263 - Disclosure Of Related Party Transactions Under Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure of related party transactions in the prescribed format for the half year ended March 31, 2023.