References:
1 The company has secured the said NCDs by first charge by way of registered mortgage on the land along with present and future construction thereon situated at village Fursungi, Taluka Haveli, Dist Pune as provided in Schedule III of debenture trust cum mortgage deed dated 5th Sept 2014.
2 Right to reissue: Subject to the provision of the Companies Act, 2013 where the company has fully redeemed any NCDs, the Company shall have, & shall be deemed always to have had, the right to keep such NCDs in effect without extinguishment thereof, for the purpose of resale or re-issue & in exercising such right, the company shall have, & shall be deemed always to have had, the power to re-sell or re-issue such NCDs either by reselling or re-issuing the same NCDs or by issuing other NCDs, in accordance with the applicable rules & regulations.
3 Interest on NCD Option I is payable quarterly @ 12.50% p.a. In the case of NCD holders who are women, senior citizens, shareholders, servicemen, ex-servicemen or DSK Group employees & who are the original allottees of the NCDs, the rate of interest will be increased by 0.25%. Such additional rate of interest will cease in the event of transfer of the NCDs. The NCDs will be redeemed on 06/09/2017.
4 Interest on NCD Option II is NIL. The NCDs will be redeemed on 06/03/2020.
5 Interest on NCD Option III is payable yearly @ 12.65% p.a. In the case of NCD holders who are women, senior citizens, shareholders, servicemen, ex-servicemen or DSK Group employees & who are the original allottees of the NCDs, the rate of interest will be increased by 0.25%. Such additional rate of interest will cease in the event of transfer of the NCDs. Under this option payment of principal together with interest accrued on the residual face value will be paid as under:
6 Interest on NCD Option IV is payable monthly @ 12.75% p.a. In the case of NCD holders who are women, senior citizens, shareholders, servicemen, ex-servicemen or DSK Group employees & who are the original allottees of the NCDs, the rate of interest will be increased by 0.25%. Such additional rate of interest will cease in the event of transfer of the NCDs. The NCDs will be redeemed on 06/09/2021.
7 The primary security for ICICI Bank project loan is registered mortgage of specified project land along with present and future structures thereon. The collateral security is registered mortgage of specified land along with present & future structures thereon and a charge on the receivables of specified projects. In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
8 The primary security for the ICICI HFC Ltd. project loan is registered mortgage of specified Project land along with present and future structures thereon. The collateral security is registered mortgage of specified land along with present & future structure there on and hypothecation of project receivables. In addition, the project loan is secured by the personal guarantee of Mr. D. S. Kulkarni, Mr. Shirish Kulkarni & Mrs. H. D. Kulkarni. DSK Global Education and Research Limited is co guarantor to the tune of receivables from the project in lieu of consideration for relinquishing of development rights of part of project land.
9 The primary security for State Bank of India project loan is pari pasu 1st charges by way of registered mortgage of specified project land along with present and future structures thereon with other project term lenders (Consortium Banking). The collateral security is pari pasu 1st charges by way of registered mortgage of specified land In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
10 The primary security for the Syndicate Bank project loan is registered mortgage of specified Project land along with present and future structures thereon In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
The primary security for Syndicate Bank project loan is pari pasu 1st charges by way of registered mortgage of specified project land along with present and future structures thereonwith other project term lenders (Consortium Banking). The collateral security is pari pasu 1 st charges by way of registered mortgage of specified land In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
11 The primary security for Union Bank of India project loan is pari pasu 1st charges by way of registered mortgage of specified project land along with present and future structures thereonwith other project term lenders (Consortium Banking). The collateral security is pari pasu 1st charges by way of registered mortgage of specified land In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
12 The primary security for Bank of Maharashtra project loan is pari pasu 1st charges by way of registered mortgage of specified project land along with present and future structures thereon with other project term lenders (Consortium Banking). The collateral security is pari pasu 1st charges by way of registered mortgage of specified land In addition, the project loan is secured by the personal guarantee of Mr. D.S.Kulkarni & Mr. Shirish Kulkarni.
13 The primary security for the several equipment term loans from Srei Equipment Finance Pvt. Ltd. is hypothecation of various construction equipments. The collateral security is registered mortgage of various immovable properties. In addition, these loans are secured by the personal guarantee of Mr. Shirish Kulkarni.
14 The primary security for the several equipment term loans from Reliance Capital Ltd. is hypothecation of various construction equipments. In addition, these loans are secured by the personal guarantee of Mr. D.S.Kulkarni
15 There is no primary security for the corporate loan from Sangli Urban Cooperative Bank Ltd. The collateral security is registered mortgage of specified present immovable properties. In addition, this loan is secured by the corporate guarantee of Growrich Agro Forestry Pvt. Ltd. & DSK Motowheels Private Limited & personal guarantee of Mr. Shirish Kulkarni.
16 The primary security for the corporate loan from Kotak Mahindra Bank Ltd. is registered mortgage of specified project land along with present and future structures thereon and on receivables of specified projects. The collateral security is registered mortgage of specified present immovable properties. In addition, this loan is secured by the guarantee of M/S D. S. Kulkarni & Associates and the personal guarantee of Mr. D.S.Kulkarni, Mr. Shirish Kulkarni & Mrs. H.D.Kulkarni
17 The primary security for the corporate loan from Tata Capital Housing Finance Ltd. is registered mortgage of specified project land along with present and future structures thereon. The collateral security is registered mortgage of specified present immovable properties and a charge on receivables of specified projects. In addition, being owner of property/ guarantor for loan other co-applicants for this loan are M/s D. S. Kulkarni & Co.. DSK Worldman Projects Ltd., Mr. D. S. Kulkarni, Ms. V. J. Mudgal & Mrs. H. D. Kulkarni.
18 There is no primary security for the corporate loan from Kalyan Janata Sahakari Bank. Collateral Security is registered mortgage of specified immovable assets In addition, being a property owner guarantor & co-applicants for this loan are M/s D. S. Kulkarni & Co.& D. S. Kulkarni & Associates. Personal Guarantee of Shri. D. S. Kulkarni and Mr. Shirish Kulkarni.
19 The corporate loan from Bajaj Finance Ltd. is secured by equitable mortgage of 3 Flats at DSK Nupuri, Mumbai, owned by Mrs. H. D. Kulkarni & Mr. Shirish Kulkarni. In addition, loan is secured by personal guarantee of Mr. D. S. Kulkarni & Mr. Shirish Kulkarni.
20 The primary security for the Project loan from India Bulls Housing Finance Ltd is registered mortgage of specified project land along with present & future structure thereon and a charge on receivables of the specified project. The collateral security is registered mortgage of plot along with present & future structure thereon.
21 The vehicle term loan from Toyota Financial Services is secured by hypothecation of specific vehicles.
22 The vehicle term loan from HDFC Bank is secured by hypothecation of specific vehicles.
23 The vehicle term loan from Kotak Mahindra Prime Ltd. is secured by hypothecation of specific vehicles.
24 The loan from SKS Fincap Pvt. Ltd. is secured by pledge of 10,00,000 (P. Y. 10,00,000) Equity shares of the Company held by the Company's promoters.
25 The loan from Streamline Shipping Co.Pvt. Ltd. is secured by pledge of Nil (P. Y. 2,20,000) Equity shares of the Company held by the Company's promoters.
26 The loan from Ruia Knowledge & Research Institute Private Limited is secured by pledge of 1,50,000 (P. Y. 1,50,000) Equity shares of the Company held by the Company's promoters.
27 The loan from Pune Safety Vault LPP is secured by pledge of 2,10,000 (P. Y. 2,10,000) Equity shares of the Company held by the Company's promoters.
28 The primary security for the Bank of Maharashtra cash credit limit is hypothecation of stock and debtors of encumbrance free projects. The collateral security is by way of equitable mortgage of specified present immovable properties. In addition, this cash credit limit is secured by the personal guarantee of Mr. D. S. Kulkarni & Mrs. H. D. Kulkarni.
29 There is no primary security for the Mortgage Overdraft limit from Kalyan Janata Sahakari Bank Ltd. The collateral security is registered mortgage of certain immovable properties. In addition, being a property owner guarantor & co-applicants for this loan are M/s D S Kulkarni & Co.& D. S. Kulkarni & Associates. Personal Guarantee of Shri. D. S. Kulkarni and Mr. Shirish Kulkarni.
30 The overdraft from Bank of Maharashtra is secured by pledge of term deposit receipts.
31 The overdraft from Syndicate Bank is secured by pledge of term deposit receipts.
32 The overdraft from Punjab National Bank is secured by pledge of term deposit receipts.
33 The primary security for the State Bank of India project specific cash credit limit for development & construction is registered mortgage of land along with present & future structure thereon . In addition, this loan is secured by the personal guarantee of Mr. D. S. Kulkarni & Mr. Shirish Kulkarni.
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