Gets repayment schedules of loans extended under restructuring scheme
Godawari Power & Ispat announced that the majority of lenders of the Company have approved restructuring of existing debt facilities i.e. rupee term loans, External Commercial Borrowing, Non-Convertible Debentures (NCD), working capital loans under Corrective Action Plan as per RBI Circular and the Company has executed Master Restructuring Agreement and other necessary security documents, in favor of the lenders. The cut-off date for restructuring of debt was 1 June 2016 with moratorium period of 9 months i.e. 28 February 2017.By this Restructuring Scheme the repayment schedules of the loans have been elongated up-to March, 2032, to be repaid in structured monthly instalments. There is no additional borrowing proposed under Restructuring Scheme.
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