Page 206 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

Non Current Current
Particulars As at March As at March As at March As at March
31, 2020 31, 2019 31, 2020 31, 2019
4,523,923 (March 31, 2019 - Nil ) 0% Optionally Convertible Debentures of ` 10
each** 452 - - -
- -
12,063,019 (March 31, 2019- Nil) 0% Optionally Convertible Debentures of
` 10/- each 790 - - -

Optionally Convertible Redeemable Preference Shares (unsecured)
366,074 (March 31, 2019 - 366,074) 0.0001 % Optionally convertible redeemable
preference shares of ` 10 each - - 586 586

- Loans (carried at amortised cost)
from banks 21,082 27,283 18,055 21,161
from financial institutions 2,355 370 1,343 1,087

- Vehicle Loans (carried at amortised cost)
from banks 127 12 89 70
from financial institutions 45 28 49 41

Term Loans (carried at amortised cost)
From others - - 803 901

42,253 48,632 21,262 24,691
Amount disclosed under other current financial liabilities - - (21,262) (24,691)
(Refer Note 24)
Total 42,253 48,632 - -

Notes:

18A: SECURED DEBENTURES
a) Non Convertible Redeemable Debentures
Security:
-First exclusive charge by way of registered mortgage on all rights, interest & title of certain buildings of sector R-1 having saleable area of
1,002,386 sq.ft.
Non-convertible debenture have tenure of 5 years with put option at end of tenure. In the event debenture holder does not exercise put
option as per debenture trust deed, the term may be extended for the further term of 4 years.

Non-convertible debentures are issued at zero coupon rate.
The repayment terms:
Group has Identified Inventory (in sq. ft of saleable area) against these NCD’s. Repayment of these NCD’s are linked to sales
and subsequent collection of this Identified Inventory. These NCD’s are repaid in tranches on bi-monthly basis to the extent of
collection received from Identified Inventory.

The Company has created debenture redemption reserve pursuant to Section 71(4) of the Act.

204 | Kolte-Patil Developers Limited