The Exchange has sought clarification from Imagicaaworld Entertainment Limited with respect to announcement dated 23-Jun-2022 informing about Corporate Debt Restructuring.On the basis of aforesaid announcement, the Company is required to provide/clarify the following:Corporate debt restructuring ("CDR") 1. Whether CDR is voluntary and reasons for opting or referred by lenders/creditors; 2. Details of the loan to be subjected to restructuring under CDR; 3. Brief details of the CDR proposal (if any); 4. Upon execution of any agreement in relation to the CDR proposal, disclose details such as date of execution, parties to the agreement and principal terms; 5. Details of final CDR package as approved by RBI and the lenders; 6. Lenders involved; 7. Brief summary of the CDR scheme including details of the securities, interest payment, repayment schedule, negative and other restrictive covenants. The response of the company is awaited.
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