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  • Announces Q2 Results & Limited Review Report For The Quarter Ended September 30, 2015 (Result)

    Transféré par

    Shyam Sunder
    3 vues5 pages

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    Announces Q2 results & Limited Review Report for the Quarter ended September 30, 2015 [Result]

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    3 vues5 pages

    Announces Q2 Results & Limited Review Report For The Quarter Ended September 30, 2015 (Result)

    Transféré par

    Shyam Sunder

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 5
    “TR RRARGA TAN, CONT PACE, NEW DLN. Webs iT po ON essoL ea "a STORER 07 OTOTED FEI RESUTS TANGAL OE] ON TE GUARTER AND HAL YEA ENOED STH STONER | Giese | essary | ~~ Tosmates | Trsuaed | — alte 1 foment ‘seven aia| gums nam] tama] > tana aa ‘Tatslincerne ars Operations mam) ens] een asim] sao) 206.33] 7 oe ne rs.403] an.ass mee alts isn ses ian i365 eons] ast nt tom Opa oe i name ne em | con! sale a espn) as 1 [rt nom a Ate ro) vem] mnsal isi] nal a age nom] ram] aioe] satas] ean ‘rent cane far| Gan] af ganda] Ba Sh eestor cyte on aa | co ‘s00| al 1m fondu sene est ge 1 free trent) ase aman) is] aan) aise 2 ft etc 1g fitPetistrmennoninyit nd tesctect/ton)] —saagal asa soos] sau) sand 1 [rset sont 0 mou] ima] amie] ase 1 fen re enn (end oad i rn) a na ae a nas | |b) tee and Obata EFS (ake Extraordinary ems) aM ase sos? un ane) sis] : oe 125,126.38 | -359005,115 985,115) 2 [pone an ona ii Sheieg rene mes Nemctonee { ‘Sane beer : | | cet _—— musigse| —saocan | snamate| mame] seamssn] sess poe cae am nee net sal x soon 1. sox sar | ‘ecnaratnentainarahiiceiubi\| gue] nan] nam] nam], mam] ra ae a Egemes eee — mae TaN OFA eR MORON ae mamma T canna eee \ (Unaudited) Vsates oun = coe una ormeneers sal: | Soiree! : Bhd =| een am ass Sitcncncewinatroy sais sas sine aaa ee = sa saci a pe aaa erties | saa Bal (oom en ca a ie [The above financial results for the quarter and half year ended 30.08.2015 have been reviewed and recommended by the Audit committee of 1 |irectrs anc appraved by the Boar of Diectorsin thelr meetings held on 02.11.2015 and 03.11.2015 eespectively. The same has been Limited Reviewed by the Statutory Auditorsof the Compary Interest Finance and Other charges at 2(a) of Part above, includes provisions made during the quarter and half year ended 30.08.2015 on accoun| ot lit oa 1828 tac and 25873 Lac respectively (corresponding previous quarter and half year® 9682 Lac and 221295 Lac respectively), lin Standare Assets € 30393 Lac and & 31037 Lac respectively (coresponding previous quarter and half year € (2833) Lac and € (1585) Lc respective, i) Restructure Standard Assets € 1564 Lac and € 21686 Lac respectively (corresponding previous quarter and half year € 21531 Lac and 22153 ac respectivey.and |v) Provision fr Bininution in vale of investments? 4326 Lae and 4326 Lac respectively cortesponding previous quater ana half yar Mill As vegards provision on Standard Assets, RB norms require the Company tenance the provision na phased manne to 0 40% by 3.032018 the company, ding go Jeé 30:08 2015, has nereased the provisioning on Standard Loan Assts (excluding outstancing restructure standard loan ase Key 75% tS OXON, + *y % [tT Company being = Government oumed Non Barling FrancialCoripany is exempt rom the fl eiectons relating to Prada Norms. Fl] has erected the Company, vie its letter dated 25.07.2013, to tke steps to comply with RB's Prudential Norms by 31.03 2046. Further, RB vid| ts teter cated 03.04.2014 nas allowed exemption trom credit concentration norms in respect of exposure to Central / State Government entities it 31.03.2016, Itie company follows ts own prudential norms approved by the Ministry of Power (MoP], Govt of India (Gal) including revisions approved by [200 in its meeting held on 09.03.2015 subject to the approval of MoP which is awaited) which inter-aia includes norms for Restructuring IReschedulement/Renegotation{f/8/R of loans which allows (two times restructuring before COD, i exemption to the loans having central state government guarantee and loans to government department, and (ii) dspensation not to consider extension of repayment schedule lwthout sacrifice as restructuring for government sector borrawers. Fr revisions approved by BoD in is meeting held on 08.03.2015, MoP wie letter cates 02.09.2015 has iformed the Company to stiety adhere to the aitections / adie af RBI in making any amendment in prudential norms ofthe Company. The Company vide eter dated 27,10.2015 has again requested MoP to accord approval forthe proposed amendments i} prudentiat norms. or R/R/R norms, RB! has advised the Company to folow te instructions contained in Rl circular DNBS.CO.PD No, 267/03.10.01/2015-14 dated} 23.01.2014, vce ts etter dated 03.04.2034 intr ai allowing maximum period of dela in DCCO for which a loan canbe restructured. The matter regarding applicability of RB's R/R/R nots was taken up with RL i this regard, RB vide its letter dated 11.06.2014 has allowed exemption fom} application ofits restructuring norms fr Transmission & Distribution, Renovation & Moderization and Life Extension projects and also the hyo} projects Mimalayanreion or affected by natural disasters fora period of 3 yearsie til 34.03.2017. Further, for new projec loans to genesatin| companies restructured we 01.08.2015 the provisioning requirement would be SX and for stock of such outstanding loans a on 31.03 2015 to} al generating companies, he provisioning shall commence with 2 provision of 2.75% with eect from 31.03 2015 and reaching 5% by 31.03.2018, [This provisions ination othe provision for diminution in fa value |The Company vide its letter dated 03.07.2014 has communicated the manner of is implementation to RB, further reiterated vide Company’ letter dated 27112014, iterala stating that al new project loars sanctioned with effec from Ol.04.2015 to generating companies would be] regulated by RBI noems on R/8/R RB vide ts eter dated 08.02 2015 has informe that che Comaany's requests under examination Pending decision by RB! regarding implementation of R/R/A norms, the Company is following is own norms read with the manner of implementation as stated above ') During FY 2015-16, the Comany is requited to enhance provision on qualiveg R/R/R loan assets fom 2.75% to 3.50% and the aforesaid 21t.onlprowslon @ 0.75% has been made during the quarter ended 30.06.2015. A provision of 1504 Lac has been made during the quarter leaded 30.09.2015 [corresponding quarter of previous yeat€ 21531 La). & prowson of € 21698 Lac has been made during the hall year enced] 30.08.2015 (corresponding period of pevious year 21531 Lad. The qualifying R/R/R loans outstanding as on 30.09.2015 amount to F 22,32,62 Lacin eae sector and Nitin Govt. Sector (a on 31.03 20158 20,5249] Lac pate sector and Nl in Gow. Secor RBI wide Teter Gated 30:06 2015, received on 0507 2015, has advised the Company tat ail ToansinlaTng the outstanding tock Ot oats unde] consortium sha be governed by the aset clssicaton norms as prescribed in Cleular ONBR (PD) CC No. 002/03.10.001/2014-15 dated} 0.21 2014. Rt has also informed that the asset classification norms that would be applicable to new loans under consort shall bel communicated shorty. Accordingly, the Company has amended its prusenia| narms wie 03.07.2015 so thatthe loan assets excluding less] ossets) outstanding 25 on 31.03.2016 and overdue for a period of 5 months or more wil be clasifid as non-performing assets (NPA). Tel company hae cammunicstes the manner of mplemestation of asetcaeifcation norms to RB vide letter dated 13.08.2018, Accordingly, the| addtional provision, it any, witb accounted atthe year end. ln case ofa veswuctured ian asset, categorized as sub-standard by the Company on 15.08.2015, the borrower has obtained an adinteri stay on| luther proceedings om Hon'ble High Court of Madras vide oder dated 17.08.2015. The nxt hearing is scheduled tobe held on 27-11 2018 and| ine stay stands extended accordingly. Te Company ha sought a legal opision with espect to asset clastcatio, based on which the loan ase has been re

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