Tarapur Transformers Limited - Clarification

18 Feb 2022 , 12:00 AM

Tarapur Transformers Limited with respect to announcement dated 11-Feb-2022, regarding one time settlement with Canara Bank at its board meeting held On 11Th February, 2022. On basis of above the Company is required to clarify following: 1. Name(s) of parties with whom the agreement is entered; 2. Shareholding, if any, in the entity with whom the agreement is executed; 3. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; 4. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 5. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length; 6. In case of loan agreements, details of lender, nature of the loan, total amount of loan granted, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders for such loan; 7. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; The response of the Company is awaited.