Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company (through State…
As filed · Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company (through State Bank of India) has provided Standby Letter of Credit ( SBLC ) of INR 3.75 crores (equivalen
What happened
FactThe Company (through State Bank of India) has provided Standby Letter of Credit ( SBLC ) of INR 3.75 crores (equivalent to NPR 6 crores) in respect of Term Loan in favour of Everest Bank Limited (Lead Bank of the Consortium of Nepalese Banks) on behalf of Kajaria Ramesh Tiles Limited, Nepal, a Joint Venture Company. (through State Bank of India) has provided Standby Letter of Credit (‘SBLC’) of INR 3.75 crores. (equivalent to NPR 6 crores) in respect of Term Loan in favour…
Why it matters
CapitSignal interpretationNew borrowing adds interest cost and covenants ahead of equity in the capital structure.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedSo we are focusing on capacity as the Number 1 point.
Earlier, we used to put a 200-meter kiln. This time, we are putting a 340-meter kiln.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Coupon and tenor
- Purpose of the borrowing
- Resulting net-debt level
- we are looking at an EBITDA margin about 18% to 19% for the entire year. (management committed by FY27)
- This year, we are looking at a capex of roughly INR400 crores because part of the capex which we are doing in (management committed by FY27)
Evidence
- Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company (through State Bank of India) has provided Standby Letter of Credit ( SBLC ) of INR 3.75 crores (equivalent to NPR 6 crores) in respect of Term Loan in favour of Everest Bank Limited (Lead Bank of the Consortium of Nepalese Banks) on behalf of Kajaria Ramesh Tiles Limited, Nepal, a Joint Venture Company.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- DEBT_RAISE base 50; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%