gayatri projects limited - Edelweiss

Name of Institution / Bank Principal OTS Amount StatusAmount (Rs. in lakhs)(Rs. in lakhs)IDBI (SASF) 1250.00 625.00 Entire dues have been cleared.General Insurance Corporation of India 19.00 9.50 Entire dues have been clearedCanara Bank – Term Loan 734.81 367.40 Entire dues have been clearedCanara Bank – Working Capital 233.03 116.52 Approval still awaitedCorporation Bank – Term Loan 16.71 8.36 Accepted and given their consent.Company yet to make payment asthey are awaiting approval inrespect of working capital.Corporation Bank – Working Capital 214.09 107.05 Approval still awaitedIIBI Limited 300.00 150.00 Approval awaitedLife Insurance Corporation of India 141.00 70.50 Approval awaitedUnited India Insurance 38.00 19.00 Approval awaitedOriental Insurance 38.00 19.00 Approval awaitedThe equity shares of Gayatri Starchkem Limited are listed at Hyderabad Stock Exchange and Mumbai StockExchange Ltd. The trading of the equity shares has been suspended by the Stock Exchanges for non-payment oflisting fees. Gayatri Starchkem Limited received a letter dated September 20, 2001 from BSE regarding suspensionof trading for non-payment of annual listing fees w.e.f. September 10, 2001 and non-compliance of other listingrequirements. The Company complied with the listing requirement and received letter from BSE in respect ofrevocation of suspension of trading in securities in June, 2002. The Company also received final notice from BSEon September 20, 2005 in respect of outstanding listing fees. The Company on September 23, 2005 paid all duesto BSE and complied with Stock Exchange requirement to get revocation of suspension. However, BSE informedthe company that they will consider re-listing once the OTS is completed.3. M/s Gayatri Tissues and Paper LimitedThe Company was originally incorporated on January 07, 1987 in the state of Maharashtra, under the name ofJutex India Limited, and the company was granted Certifiacte of Commencement of Business on January 15, 1987.The name of the company was changed to the present name viz. Gayatri Tissues & Papers Limited vide freshCertificate of Incorporation dated October 27, 1995.Shareholding Pattern as on June 30, 2006:Sr. No. Name of the Shareholder No. of Equity Shares held1. Mrs. T. Indira 11,24,7002 Fine Technics (Hyderabad) Pvt. Ltd. 74,2003 Indian Public 3,01,100Total 15,00,000Board of Directors1. Mrs. T. Indira Subbarami Reddy2. Mr. V. L. Moorthy3. Mr. P. Maruthi Babu83