Page 253 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Consolidated Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
9% redeemable optionally convertible debentures:
One of the Subsidiary Company, Arvind Smart homes Private Limited has issued Optionally Convertible Redeemable Debentures (“OCRD”) having a coupon rate @ 9% p.a. The term of the Debentures shall be 8 (Eight) years from the date of allotment of first tranche of Debenture or such date as may be extended by mutual agreement between the Subsidiary Company and Debenture holder subject to maximum of 10 (Ten) years unless redeemed or converted earlier.
At the option of debenture holder, these OCRD are convertible into equity shares at a ratio which is mutually agreed upon between the Debenture holders and the Company at any time on or before 8 years extendable to 10 years after obtaining prior written approval of all the holders of Debentures and all the Shareholders. The resulting shares upon conversion shall rank pari-passu in all respect with the existing equity shares issued by Subsidiary Company.
One of the Subsidiary Company, Arvind Smart homes Private Limited has issued Optionally Convertible Redeemable Debentures (“OCRD”) having a coupon rate @ 3% p.a. The term of the Debentures shall be 8 (Eight) years from the date of allotment of first tranche of Debenture or such date as may be extended by mutual agreement between the Subsidiary Company and Debenture holder subject to maximum of 10 (Ten) years unless redeemed or converted earlier. At the option of debenture holder, these OCRD are convertible into equity shares at a ratio which will be mutually agreed upon between the Debenture holders and the Company at any time on or before 8 years extendable to 10 years after obtaining prior written approval of all the holders of Debentures and all the Shareholders. The resulting shares upon conversion shall rank pari-passu in all respect with the existing equity shares issued by Subsidiary Company.
3% redeemable optionally convertible debentures:
15 Trade payables
Total outstanding dues of micro and small enterprises
Total outstanding dues of creditors other than micro and small enterprises:
For goods and services
For land
Trade payables
Trade payables to related parties (Refer Note 39)
99.43
4,326.74 1,567.24 5,993.41 5,893.69
99.72
5,993.41
Particulars
March 31, 2024
304.58
March 31, 2023
9,603.44
2,456.96
12,364.98
12,364.98
-
12,364.98
Annual Report 2023-24 | 251