Page 83 - Index

02-40 CORPORATE OVERVIEW 41-59 STATUTORY REPORTS 60-147 FINANCIAL STATEMENTS Standalone
Notes
to the Standalone Financial Statements for the year ended 31 March 2022
Unitholders holding more than 5 (five) percent units in the Trust as on 31 March 2022:
Name of Unitholder
POWER GRID CORPORATION OF INDIA LIMITED (SPONSOR) CPP INVESTMENT BOARD PRIVATE HOLDINGS 4 INC
NPS TRUST
CAPITAL INCOME BUILDER
HDFC TRUSTEE COMPANY LTD
NOTE 10/OTHER EQUITY
Particulars
Retained Earnings
Balance at the beginning of the year Net Profit for the year
Interim Distribution
Balance at the end of the year
Retained earnings
Nos. in million
136.50
91.84
63.59
59.15
46.59
% holding
15.00%
10.09%
6.99%
6.50%
5.12%
₹ in million
As at 31 March 2022
-
7,798.33
(6,824.99)
973.34
Retained earnings are the profits earned till date, less any transfers to general reserve, dividends or other distributions paid to unit holders.
NOTE 11/BORROWINGS
Particulars
Secured Indian Rupee Loan from Banks
Term loan from HDFC BANK LTD Less: Current maturities
Less: Unamortised transaction cost
Total
Further Notes:
₹ in million
As at 31 March 2022
5,755.85
28.78
5,727.07
6.79
5,720.28
The term loan is secured by (i) first pari passu charge on entire current assets including loans and advances, any receivables accrued/realized from those loans and advances extended by the Trust to its subsidiaries (direct or indirect) including loans to all project SPVs and future SPVs; (ii) First pari-passu charge on Escrow account of the Trust and (iii) First and exclusive charge on Debt Service Reserve Account.
Interest rate on term loan from bank is 3 months T-Bill rate plus spread of 194 basis points. The Loan is repayable in 64 quarterly installments of varying amounts commencing from 30 June 2022.
There have been no breaches in the financial covenants with respect to borrowings.
There has been no default in repayment of loans or payment of interest thereon as at the end of the year.
POWERGRID Infrastructure Investment Trust 81