PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

166 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) 14 a) Non-current borrowings (continued) iii) Terms and repayment schedule Terms and conditions of outstanding borrowings are as follows: Name of the Bank/ Financial Institutions Currency Interest Rate Year of Maturity Installments Carrying amount as at March 31, 2021 Carrying amount as at March 31, 2020 (Restated) Foreign Currency Ratnakar Bank - ECB EUR 2.75% 2026 The term loan is repayable in 24 quarterly installments of EURO 187,500.00 each starting from Apr 2020. 3,228.71 3,737.23 Foreign Currency - Total-A 3,228.71 3,737.23 Indian Currency Bank of Baroda INR 11.20% - 12.89% 2020 The term loan is repayable in 20 quarterly installments of Rs. 41.50 lakhs Starting from June 2015 – 41.50 ICICI Bank INR 7.90% 2024 The term loan is repayable in 20 quarterly installments of Rs. 200 lakhs Starting from Sep 2020 3,395.49 3,993.41 IDFC Bank INR 8.60% 2025 The term loan is repayable in 20 quarterly installments of Rs. 200 lakhs Starting from Mar 2020 3,000.00 3,800.00 HDFC Bank INR 7.90% 2026 The term loan is repayable in 20 quarterly installments of Rs. 280 lakhs Starting from Apr 2021 5,575.99 5,567.37 HDFC Bank INR 8.38% 2027 The term loan is repayable in 20 quarterly installments of Rs. 370 lakhs Starting from Jun 2022 7,400.00 7,400.00 Kotak Mahindra Bank INR 6.25% 2027 The term loan is repayable in 20 quarterly installments of Rs. 250 lakhs Starting from Mar 2023 4,963.63 – CITI Bank INR 5.70% 2025 The term loan is repayable in 12 quarterly installments of Rs. 750 lakhs Starting from Mar 2023 8,971.88 – Toyota Financial services India Limited (Vehicle loan) INR 9.14% 2022 The term loan is repayable in 36 monthly installments of Rs. 8.36 lakhs Starting from Jan 2019 70.44 143.01 Yes Bank (Vehicle loan) INR 8.97% 2024 The term loan is repayable in 60 monthly installments of Rs. 0.41 lakhs Starting from Jan 2020 15.53 18.89 Indian Currency Total-B 33,392.96 20,964.18 Total Term Loan (A+B) 36,621.67 24,701.41 iv) This is towards Grant-in–aid loan taken by Privi Biotechnologies Private limited (Wholly owned subsidiary company) from Indo-German Science and Technology Centre (for the project on design of selective nanoporous membrane bioreactor for efficient production of bio-butanol from lignocellulosic sugars.) amounting Rs. 30 lakhs which is repayable in ten equal half yearly installments starting from March 2018. This is soft Loan and rate of interest of this Loan is 2% p.a. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)