SECUFE0 PFE|U| NDTES

PSecured PremIum Notes are nothIng but a

share warrant whIch are only Issued by the
lIsted companIes after havIng approval from
The Central Covernment.
PSPN comes wIth a detachable warrants whIch
has lock In perIod of 4 to 7 years.
P No Interest wIll be paId wIthIn lock In perIod
to SPN holders.
SPN holders wIll get PrIncIpal Amount along
wIth Interest on Instalment basIs after lock In
perIod of saId perIod.
0etachable warrants can be converted Into
EquIty Shares as per notIfIcatIon E tIme lImIt
by the Company.
The conversIon of detachable warrants Into
equIty shares wIll have to be done wIthIn the
tIme lImIt notIfIed by the company.
PThe SPN holder has an optIon to sell back the
SPN to the company at par value after the
lock In perIod. f the holder exercIses thIs
optIon, no Interest/ premIum wIll be paId on
redemptIon.
Pn case the SPN holder holds It further, the
holder wIll be repaId the prIncIpal amount
along wIth the addItIonal amount of Interest/
premIum on redemptIon In Instalments as
decIded by the company.
Pt Is a medIum to long term debenture.