SOFTLOGIC FINANCE PLC
INTERIM FINANCIAL STATEMENTS
For the Quarter ended
30 June 2024
( Company Registration No: PB641PQ )
JFI Tower - III, Zone B & C, 6th Floor, No 75, Piyadasa Sirisena Mawatha, Colombo 10.
SOFTLOGIC FINANCE PLC | Page 2 | ||
STATEMENT OF COMPREHENSIVE INCOME | |||
FOR THE QUARTER ENDED 30 JUNE | |||
Rs. | |||
2024 | 2023 | ||
Unaudited | Unaudited | ||
Income | 382,424,450 | 972,533,018 | |
Interest income | 368,439,940 | 916,581,815 | |
Interest expenses | (291,977,035) | (1,028,232,103) | |
Net interest income | 76,462,905 | (111,650,287) | |
Fee and commission income | 14,477,232 | 15,539,224 | |
Other operating income | (492,722) | 40,411,978 | |
Total operating income | 90,447,415 | (55,699,085) | |
Impairment (charge)/ reversal for loans and other losses | (35,942,121) | (139,665,823) | |
Net Operating Income | 54,505,293 | (195,364,908) | |
Operating expenses | |||
Personnel costs | (74,664,619) | (111,506,384) | |
Depreciation of property, plant and equipment | (3,393,871) | (7,644,403) | |
Amortization of intangible assets | (4,762,094) | (4,739,244) | |
Other operating expenses | (122,235,717) | (213,851,852) | |
Operating profit / (Loss) before Value Added Tax on financial services | (150,551,008) | (533,106,792) | |
VAT on financial services | - | - | |
Profit / (Loss) before income tax | (150,551,008) | (533,106,792) | |
Income tax Reversal/ (expense) | - | - | |
Profit / (Loss) for the Quarter | (150,551,008) | (533,106,792) | |
Other comprehensive income/ (expenses) | |||
Other comprehensive income not to be reclassified to profit or loss | |||
Net of Actuarial gain/(loss) on post employment benefit obligations | - | - | |
Other comprehensive income for the Period , net of tax | - | - | |
Total comprehensive income/(expenses) for the Quarter | (150,551,008) | (533,106,792) | |
Basic earnings per Share(Rs.) - Annualised | (0.63) | (3.50) | |
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit
SOFTLOGIC FINANCE PLC | Page 4 | |||||
STATEMENT OF CHANGES IN EQUITY | ||||||
PERIOD ENDED 30TH JUNE | ||||||
Rs. | ||||||
Stated | Statutory Reserve | Non-Distributable | ||||
Revaluation Reserve | Regulatory Loss | Retained Earnings | Total | |||
Capital | Fund | |||||
Allowance Reserve | ||||||
Balance as at 1 April 2023 | 7,597,925,039 | 260,448,732 | 172,788,382 | 1,748,974,244 | (7,544,089,315) | 2,236,047,083 |
Profit/(Loss) for the 3 month period | - | - | - | - | (533,106,792) | (533,106,792) |
Other comprehensive income,net of tax | - | - | - | - | - | - |
Transfer to Statutory Reserve Fund | - | - | - | - | - | - |
Balance as at 30 June 2023 | 7,597,925,039 | 260,448,732 | 172,788,382 | 1,748,974,244 | (8,077,196,107) | 1,702,940,290 |
Balance as at 1 April 2024 | 9,930,116,800 | 260,448,732 | - | 1,736,237,951 | (9,137,904,468) | 2,788,899,016 |
Profit/(Loss) for the 3 month period | - | - | - | - | (150,551,008) | (150,551,008) |
Other comprehensive income,net of tax | - | - | - | - | - | - |
Transfer to Retained Earnings | - | - | - | - | - | - |
Transfer to Statutory Reserve Fund | - | - | - | - | - | - |
Balance as at 30 June 2024 | 9,930,116,800 | 260,448,732 | - | 1,736,237,951 | (9,288,455,476) | 2,638,348,007 |
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit
SOFTLOGIC FINANCE PLC | Page 5 | ||
STATEMENT OF CASH FLOWS | |||
FOR THE PERIOD ENDED | |||
Rs. | |||
30/06/2024 | 30/06/2023 | ||
Unaudited | Unaudited | ||
Cash flows from operating activities | |||
Net profit/(Loss) before taxation | (150,551,008) | (533,106,792) | |
Adjustments for , | |||
Depreciation | 3,393,871 | 7,644,403 | |
Amortization of intangible assets | 4,762,094 | 4,739,244 | |
Profit on disposal of property, plant and equipment | (2,177,713) | (167,266) | |
Amortisation expenses on right-of-use assets | 11,581,323 | 14,854,980 | |
Impairment charge on bad and doubtful debts | 35,942,121 | 139,665,823 | |
Provision for defined benefit plans | 2,972,000 | 5,712,000 | |
Interest expenses | 291,977,035 | 1,028,232,103 | |
Operating profit before working capital changes | 197,899,724 | 667,574,495 | |
(Increase)/Decrease in Financial Assets at Amortised Cost - Lease & HP rental Receivables | 836,532,239 | 756,882,148 | |
(Increase)/Decrease in Financial Assets at Amortised Cost - Loans and Receivables | 385,827,807 | 1,577,594,913 | |
(Increase)/Decrease in Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL) | 278,556,051 | 316,466,799 | |
(Increase)/Decrease in Placements with Banks and Other Finance Companies | 603,494,798 | 1,120,631,191 | |
(Increase)/Decrease in other assets | (133,411,992) | 22,512,275 | |
(Decrease)/Increase in amounts due to customers | (2,145,544,723) | (2,949,641,181) | |
Increase/(Decrease) in other payables | 165,708,520 | 209,510,555 | |
Cash generated from operations | 189,062,424 | 1,721,531,195 | |
Interest paid | (291,977,035) | (1,028,232,103) | |
Defined benefit plan costs paid | (1,862,698) | (5,206,521) | |
Net cash generated from operating activities | (104,777,309) | 688,092,572 | |
Cash flows from investing activities | |||
Purchase of property, plant and equipment & Intangible Assets | (3,847,416) | (3,089,263) | |
Proceeds from disposal of property, plant and equipment | 2,387,713 | 185,000 | |
Net cash used in investing activities | (1,459,703) | (2,904,263) | |
Cash flows from financing activities | |||
Proceed from long term borrowings-Bank Loan | 210,459,436 | 869,391,020 | |
Repayment of long term borrowings- Bank Loan | (50,797,966) | (338,274,693) | |
Proceeds from commercial papers | 52,363,144 | 4,298,132,185 | |
Repayment of commercial papers | (237,990,649) | (5,524,287,103) | |
Repayment of principal portion of lease liabilities | (18,817,810) | (18,434,153) | |
Net cash (used in) / generated from financing activities | (44,783,845) | (713,472,744) | |
Net Increase/ (decrease) in cash and cash equivalents | (151,020,857) | (28,284,436) | |
Cash and cash equivalents at the beginning of the year | 311,315,871 | 458,407,425 | |
Cash and cash equivalents at the end of the year | 160,295,014 | 430,122,989 | |
Reconciliation of cash and cash equivalents | |||
Cash & Bank balances | 252,454,451 | 587,731,862 | |
Bank overdrafts | (92,159,436) | (157,608,873) | |
Cash and cash equivalents at the end of the year | 160,295,014 | 430,122,989 | |
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit
Page 6
SOFTLOGIC FINANCE PLC
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
Rs.
Financial Assets recognised | Financial Assets at Fair Value | Financial Assets at Amortised | |||||||
through Other Comprehensive | Total | ||||||||
through Profit or Loss (FVTPL) | Cost (AC) | ||||||||
Income (FVTOCI) | |||||||||
As at | 30.06.2024 | 31.03.2024 | 30.06.2024 | 31.03.2024 | 30.06.2024 | 31.03.2024 | 30.06.2024 | 31.03.2024 | |
Assets | |||||||||
Cash and Cash Equivalents | - | - | - | - | 252,454,451 | 333,866,263 | 252,454,451 | 333,866,263 | |
Placements with Banks and Other Finance Companies | - | - | - | - | - | - | - | - | |
Securities purchased under repurchase agreements | - | - | - | - | - | 603,494,798 | - | 603,494,798 | |
Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL) | 100,076,826 | 378,632,877 | - | - | - | - | 100,076,826 | 378,632,877 | |
Financial Assets at Amortised Cost - Loans and Receivables to Other Customers | - | - | - | - | 3,372,887,177 | 3,840,154,976 | 3,372,887,177 | 3,840,154,976 | |
Financial Assets at Amortised Cost - Lease Rental and Hire Purchase Receivables | - | - | - | - | 3,207,505,257 | 3,998,539,625 | 3,207,505,257 | 3,998,539,625 | |
Investment in Dealing Securities | - | - | 30,600 | 30,600 | - | - | 30,600 | 30,600 | |
Financial Assets at Amortised Cost - Other Financial Assets | - | - | - | - | 1,439,181,368 | 1,448,221,381 | 1,439,181,368 | 1,448,221,381 | |
Total Financial Assets | 100,076,826 | 378,632,877 | 30,600 | 30,600 | 8,272,028,252 | 10,224,277,043 | 8,372,135,678 | 10,602,940,520 | |
Rs. | |||||||||
Financial Liabilities at | Total | ||||||||
Amortised Cost (AC) | |||||||||
As at | 30.06.2024 | 31.03.2024 | 30.06.2024 | 31.03.2024 | |||||
Liabilities | |||||||||
Bank Overdrafts | 92,159,436 | 22,550,392 | 92,159,436 | 22,550,392 | |||||
Financial Liabilities at Amortised Cost - Interest bearing Borrowings to Banks | - | - | - | - | |||||
Financial Liabilities at Amortised Cost - Deposits due to Customers | 5,336,172,827 | 7,481,717,550 | 5,336,172,827 | 7,481,717,550 | |||||
Financial Liabilities at Amortised Cost - Other Borrowed Funds | 531,919,557 | 557,885,592 | 531,919,557 | 557,885,592 | |||||
Lease Liabilities | 204,781,171 | 75,979,132 | 204,781,171 | 75,979,132 | |||||
Total Financial Liabilities | 6,165,032,991 | 8,138,132,666 | 6,165,032,991 | 8,138,132,666 |
SOFTLOGIC FINANCE PLC | Page 7 | |
EXPLANATORY NOTES | ||
1. The above figures are provisional and subject to audit. | ||
2. Information on shares for the quarter ended June 30, 2024 as given below. | ||
Market Price per Share (Rs.) | CRL.N0000 | |
Highest | 7.00 | |
Lowest | 5.70 | |
Closing | 6.10 | |
Ratios | ||
Debt to equity ratio (Times) | 2.49 | |
Liquid assets ratio (%) - Statutory Minimum 10% | 6.01 |
3. There are no changes in the accounting policies and methods of computations since the publication of Annual report for the year ended March 31, 2023.
4. The Interim Financial Statements are in compliance with Sri Lanka Accounting Standards LKAS 34 - Interim Financial Reporting and provide the information required by the Colombo Stock Exchange.
5. The presentation and classification of figures for the corresponding period of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current year.
6. There has been no significant change in the nature of the contingent liabilities, which were disclosed in the Annual report for the year ended March 31, 2023.
7. No circumstances have arisen since the statement of financial position date, which would require adjustments to or disclosure in the financial statements other than the note mentioned below.
The company entered into a Participation Agreement with S R One (private) Limited, a fully owned subsidiary of Softlogic Capital PLC (the parent company) for the transfer of the beneficial ownership of a segment of the Company's loan portfolio for a consideration in cash. The participation agreement with S R One (Private) Limited was signed on July 31, 2024, and the first divestment of a segment of the loan portfolio was completed on the same day for a cash consideration of Rs.100.09 million. The company has disclosed this transaction to the Colombo Stock Exchange (CSE) on Augst 01, 2024.
This is part of the alternative capital augmentation plan submitted and agreed upon with the Central Bank of Srilanka.
8. Capital Adequacy Ratio
Company Capital adequacy requirements (Both Tier 1 & Tier 2) are below the minimum requirement since April 2022. The Capital Adequacy ratio has improved to 5.38% subsequent to the Rights issue of Rs. 2.3Bn in June 2024. (Refer Note 14.5). The Board of Directors has submitted an alternative capital augmentation plan and agreed upon with the Central Bank of Srilanka. The completion of this plan will result in full compliance with Capital Adequacy requirements in the financial year ending March 31, 2025.
SOFTLOGIC FINANCE PLC | Page 8 | ||
EXPLANATORY NOTES (Cont;) | |||
9. Twenty Major Shareholders as at 30 June 2024 | |||
Name | No. of Shares | (%) | |
SOFTLOGIC CAPITAL PLC, PAN ASIA BANKING CORPORATION PLC/SOFTLOGIC CAPITAL PLC | 918,701,788 | 95.44% | |
SOFTLOGIC LIFE INSURANCE PLC-A/C NO. 04 (PARTICIPATING FUND) | 15,688,030 | 1.63% | |
SOFTLOGIC HOLDINGS PLC | 5,657,598 | 0.59% | |
VANIK INCORPORATION LTD | 5,376,068 | 0.56% | |
MR. KULAPPUARACHCHIGE DON DAMMIKA PERERA | 3,154,253 | 0.33% | |
L.B. FINANCE LIMITED. | 2,090,000 | 0.22% | |
PEOPLES BANK/ASOKA KARIYAWASAM PATHIRAGE | 1,653,822 | 0.17% | |
MR. SUBRAMANIAM VASUDEVAN | 1,079,585 | 0.11% | |
MERCHANT BANK OF SRI LANKA & FINANCE PLC/B. JANEGAN | 714,564 | 0.07% | |
PEOPLE'S LEASING & FINANCE PLC/L.P.HAPANGAMA | 608,959 | 0.06% | |
HATTON NATIONAL BANK PLC/ARUNASALAM SITHAMPALAM | 274,303 | 0.03% | |
DIALOG FINANCE PLC/P.B.C. KURERA | 210,100 | 0.02% | |
SAMPATH BANK PLC/MR. ABISHEK SITHAMPALAM | 159,782 | 0.02% | |
MRS. PAMELA CHRISTINE COORAY | 132,444 | 0.01% | |
MR. THARMALINGAM LOGANATHAN | 119,366 | 0.01% | |
MERCHANT BANK OF SRI LANKA & FINANCE PLC 01 | 112,056 | 0.01% | |
PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA | 107,850 | 0.01% | |
SEYLAN BANK LIMITED/JAMES HENRY PAUL RATNAYAKE | 106,646 | 0.01% | |
MR. KADADSAM SATHEESWARAN | 105,000 | 0.01% | |
MR. ADDARA PATHIRANAGE SOMASIRI | 100,000 | 0.01% | |
PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA | 100,000 | 0.01% | |
956,252,214 | 99.34% | ||
Others | 6,320,977 | 0.66% | |
Total | 962,573,191 | 100.00% | |
10. Directors' Shareholding as at 30 June 2024
Names of Directors | No. of Shares | (%) | |
1. | Mr. Dinesh P. Renganathan (Resigned w.e.f. 02 May 2024) | Nil | Nil |
2. | Mr. H. K. Kaimal | Nil | Nil |
3. Mr. H.S. Samantha Dabare (Appointed as Acting Chairman w.e.f. 02 May 2024) | Nil | Nil | |
4. | Mr. R.J.Perera. | 9,600 | 0.00% |
5. | Mr. C. Kalupahana | Nil | Nil |
6. Mr. Viresh Binomal Nanayakkara (Appointed w.e.f. 02 May 2024) | Nil | Nil |
11. Public shareholding as at 30 June 2024
Public holding | 20,862,353 | 2.17% |
Number of public shareholders | 2034 |
12. Float adjusted market Capitalization as at 30 June 2024
Threshold | Compliance (Y/N) | Value | |
Float adjusted market Capitalization (Rs) | Less than 1 Bn | Yes | 127,415,813.29 |
Minimum Public Holding (%) | Minimum 10% | No | 2.17% |
In terms of Rule 7.14.1(b) of the Listing Rules of Colombo Stock Exchange, Softlogic Finance PLC is hereby announced that the Company is non-compliant with the Public Holding percentage as specified in Rule 7.14.(b) of the Listing Rules.
SOFTLOGIC FINANCE PLC | Page 9 |
EXPLANATORY NOTES (Contd.) |
13 RELATED PARTY TRANSACTIONS
Details of significant related party disclosures are as follows:
13.1 Transactions with Key Managerial Personnel (KMPs)
Key Managerial Personnel includes Members of the Board of Directors of the Company and of it's Holding Company.
Short-term employee benefits for the period | Rs. | 2,088,695 |
13.2 Transactions, arrangements and agreements involving KMPs and their close members of the family
The following provides the total amount of transactions which have been entered in to with Key Managerial Personnel and their close family members.
Time Deposits | Rs. | - |
Savings Deposits | Rs. | - |
13.3 Transactions with Group Companies
The Company enters into transactions with group companies and the following tables shows the outstanding balances and corresponding transactions during the period ended June 30, 2024
Rs.
(Receivables) | Loans, Advances & | Borrowings / | Plant & Equip. | ||||
Company | Relationship | Income Earned | Cost Incurred | Purchased / | |||
/Payables | Investments | Deposits | |||||
(sold) | |||||||
Softlogic Capital PLC | Parent Company | - | - | 191,361,426 | - | 2,361,426 | - |
Softlogic Corporate Services (Pvt) Ltd | Affiliated Company | - | - | - | - | 1,595,761 | - |
Softlogic Brands (Pvt) Ltd | Group Company | - | - | 348,137 | - | 2,592 | - |
Softlogic Holdings PLC | Ultimate Parent Company | - | - | - | - | - | - |
Softlogic Retail (Pvt) Ltd | Affiliated Company | (126,938) | - | 313 | - | 2 | - |
Softlogic Computers (Pvt) Ltd | Affiliated Company | - | - | - | - | 41,300 | - |
Softlogic BPO Services (Pvt) Ltd | Affiliated Company | - | 844,448 | - | 35,707 | 12,495,371 | - |
Softlogic Life PLC | Affiliated Company | - | - | - | - | 10,325,286 | - |
Page 10
SOFTLOGIC FINANCE PLC
EXPLANATORY NOTES (Contd.)
14 Utilisation of funds raised via capital market.
The company has raised funds via the capital market through a rights issue on 20th December 2019. The progress of uitlisation of the capital raised as per the objectives stated in the
14.1 right issue circular is given below.
% of utilisation | Clarification if not fully | |||||||
Objective | Amount allocated as | Proposed date of | % of total | Amount utilised in Rs. | utilised including if not | |||
Objective as per Circular | Amount allocated from | against allocation | ||||||
number | per Circular in Rs. | utilisation as per Circular | proceeds | (B) | utilized where are the funds | |||
(B/A) | ||||||||
proceeds in Rs. (A) | invested | |||||||
To Settle the utilized overdraft facilities | Within 2 monhs from | |||||||
(a) | 474,880,432 | the completion of the | 474,880,432 | 79% | 474,880,432 | 100% | N/A | |
of the company | ||||||||
Rights Issue | ||||||||
To expand the lending activities of the | Within 2 monhs from | |||||||
(b) | 127,614,800 | the completion of the | 127,614,800 | 21% | 127,614,800 | 100% | N/A | |
company | ||||||||
Rights Issue | ||||||||
602,495,232 | 602,495,232 | 100% | 602,495,232 |
14.2
The company has raised funds further via the capital market through a rights issue on 15th December 2020. The progress of uitlisation of the capital raised as per the objectives stated in the right issue circular is given below.
% of utilisation | Clarification if not fully | ||||||
Objective | Amount allocated as | Proposed date of | % of total | Amount utilised in Rs. | utilised including if not | ||
Objective as per Circular | against allocation | ||||||
number | per Circular in Rs. | utilisation as per Circular Amount allocated from | proceeds | (B) | utilized where are the funds | ||
(B/A) | |||||||
proceeds in Rs. (A) | invested | ||||||
- To repay maturity liabilities
To increase the secured lending portfolio | Within 6 months from | |||||||
(b) | to the required regulatory levels | 1,901,994,752 | the completion of the | 1,901,994,752 | 100% | 1,901,994,752 | 100% | N/A |
(i) Leasing | Rights issue | |||||||
(ii) Other lending | ||||||||
1,901,994,752 | 1,901,994,752 | 100% | 1,901,994,752 |
The company has raised funds further via the capital market through a rights issue on 26th August 2021. The progress of uitlisation of the capital raised as per the objectives stated in the
14.3 right issue circular is given below.
% of utilisation | Clarification if not fully | |||||||
Objective | Amount allocated as | Proposed date of | % of total | Amount utilised in Rs. | utilised including if not | |||
Objective as per Circular | against allocation | |||||||
number | per Circular in Rs. | utilisation as per Circular Amount allocated from | proceeds | (B) | utilized where are the funds | |||
(B/A) | ||||||||
proceeds in Rs. (A) | invested | |||||||
(a) | To improve the Capital adequacy ratio | - | Immediate | - | 0% | - | 0% | N/A |
To repay maturity liabilities,
- utilize in the lending and other business operations.
Within 6 months from | |||||||||
To increase the secured lending portfolio | 2,239,667,740 the completion of the | 2,239,667,740 | 100% | 2,239,667,740 | 100% | N/A | |||
Rights issue | |||||||||
(c) | to the required regulatory levels | ||||||||
(i) Leasing | |||||||||
(ii) Other lending * | |||||||||
2,239,667,740 | 2,239,667,740 | 100% | 2,239,667,740 | ||||||
- The maturity liabilities mentioned above under objective (c), include forecasted outflow of fixed deposits. If the outflow is less than expected and as a result if any proceeds from the rights remain unutilized, such amount will be utilized in lending and other business operations.
14.4 The company has raised funds further via the capital market through a rights issue on 08 December 2022. The progress of uitlisation of the capital raised as per the objectives stated in the right issue circular is given below.
% of utilisation | Clarification if not fully | |||||||
Objective | Amount allocated as | Proposed date of | % of total | Amount utilised in Rs. | utilised including if not | |||
Objective as per Circular | Amount allocated from | against allocation | ||||||
number | per Circular in Rs. | utilisation as per Circular | proceeds | (B) | utilized where are the funds | |||
(B/A) | ||||||||
proceeds in Rs. (A) | invested | |||||||
(a) | To improve the Capital adequacy ratio | - | Immediate | - | 0% | - | 0% | N/A |
(b) | To settle the working capital loan | 851,497,316 | Immediate | 851,497,316 | 100% | 851,497,316 | 100% | N/A |
borrowed from Softlogic Capital PLC. | ||||||||
851,497,316 | 851,497,316 | 100% | 851,497,316 |
14.5 The company has raised funds further via the capital market through a rights issue on 27 March 2024. The progress of uitlisation of the capital raised as per the objectives stated in the right issue circular is given below.
% of utilisation | Clarification if not fully | ||||||||||||
Objective | Amount allocated as | Proposed date of | % of total | Amount utilised in Rs. | utilised including if not | ||||||||
Objective as per Circular | Amount allocated from | against allocation | |||||||||||
number | per Circular in Rs. | utilisation as per Circular | proceeds | (B) | utilized where are the funds | ||||||||
(B/A) | |||||||||||||
proceeds in Rs. (A) | invested | ||||||||||||
To improve the Capital adequacy ratio as | |||||||||||||
(a) | per the Finance Business Act Direction | - | Immediate | - | 0% | - | 0% | N/A | |||||
No. 03 of 2018 | |||||||||||||
To address the serious loss of capital | |||||||||||||
(b) | situation as per S220 of the Companies | - | Immediate | - | 0% | - | 0% | N/A | |||||
Act No. 07 of 2007 | |||||||||||||
To | improve | the | Core | Capital | |||||||||
( c ) | Requirement, | as stipulated | by | the | - | Immediate | - | 0% | - | 0% | N/A | ||
Finance Business Act Direction No.2 of | |||||||||||||
2017 | |||||||||||||
(d) | To settle Subordinated Debt of Rs. 900 | 1,049,966,135 | Immediate | 1,049,966,135 | 45% | 1,049,966,135 | 100% | N/A | |||||
Mn obtained from Softlogic Capital PLC | |||||||||||||
To settle multiple short term loans of Rs. | |||||||||||||
(e) | 920 Mn obtained from Softlogic Capital | 1,090,382,066 | Immediate | 1,090,382,066 | 47% | 1,090,382,066 | 100% | N/A | |||||
PLC | |||||||||||||
(f) | To | settle the | Securitization | loan | & | 191,843,560 | Immediate | 191,843,560 | 8% | 191,843,560 | 100% | N/A | |
Commercial papers as per the maturities | |||||||||||||
2,332,191,761 | 2,332,191,761 | 100% | 2,332,191,761 |
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