INFORMATION MEMORANDUM CASHPOR MICRO CREDIT · 2020. 9. 24. · Integrated Registry Management...

Private & Confidential

For Private Circulation Only

No: ____________

Addressed to: __________

INFORMATION MEMORANDUM

CASHPOR MICRO CREDIT

A company incorporated under Section 25 of the Companies Act, 1956 and continuing under Section

8 of the Companies Act, 2013

Date of Incorporation: December 10, 2002

Registered Office: –S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center, Khajuri, Maqbool Alam

Road, Varanasi- 221002

Telephone No.: +91 542-2505590/92, Contact Person: B. B. Singh- CFO

E-mail: [email protected] & [email protected]; Website: www.CASHPOR.in

Background

This Information Memorandum is related to the Debentures to be issued by CASHPOR Micro Credit (the “Issuer” or “Company” or “CMC”) on a private placement basis and contains relevant

information and disclosures required for the purpose of issuing of the Debentures. The issue of the

Debentures comprised in the Issue and described under this Information Memorandum has been authorised by the Issuer through resolutions passed by the shareholders of the Issuer on September 11,

2020 pursuant to Section 42 of the Act read with applicable rules of the Act, and the Board of Directors

of the Issuer on September 08, 2020 and the Memorandum and Articles of Association of the Company.

The present issue of Debentures in terms of this Information Memorandum is within the overall powers

of the Board as per the above shareholder resolution(s).

General Risks

Investment in debt and debt related securities involve a degree of risk and Investors should not invest

any funds in the debt instruments, unless they can afford to take the risks attached to such investments and only after reading the information carefully. For taking an investment decision, the Investors must

rely on their own examination of the Company and the Issue including the risks involved. The

Debentures have not been recommended or approved by Securities and Exchange Board of India (“SEBI”) nor does SEBI guarantee the accuracy or adequacy of this document. Specific attention of

Investors is invited to the statement of Risk Factors at SECTION 3: of this memorandum of private

placement for issue of Debentures on a private placement basis (“Information Memorandum” or

“Disclosure Document”). This Information Memorandum has not been submitted, cleared or approved

by SEBI.

Information Memorandum dated September 24, 2020 for issue of (i) up to 1,000 (One Thousand)

rated, listed, secured, redeemable non-convertible debentures under Series 1 having face value of Rs.

10,00,000/- (Rupees Ten Lakhs only) each, of the aggregate nominal value of up to Rs.

100,00,00,000/- (Rupees One Hundred Crores only) (the “Series 1 Debentures”) and (ii) up to 250

(Two Hundred and Fifty) rated, listed, secured, redeemable non-convertible debentures under Series

2 having face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, of the aggregate nominal value

of up to Rs. 25,00,00,000/- (Rupees Twenty-Five Crores only) with a green shoe option of up to 750

(Seven Hundred and Fifty) rated, listed, secured, redeemable non-convertible debentures under Series 2 having face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, of the aggregate nominal value

of up to Rs. 75,00,00,000/- (Rupees Seventy -Five Crores only) (the “Series 2 Debentures”) (the

Series 1 Debentures and the Series 2 Debentures are collectively hereinafter referred to as the “Debentures”), on a private placement basis (the “Issue”).



Issuer’s Absolute Responsibility

The Issuer, having made all reasonable inquiries, confirms and represents that the information contained

in this Information Memorandum/ Disclosure Document is true and correct in all material respects and

is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this document as a whole or any of

such information or the expression of any such opinions or intentions misleading in any material respect.

The Issuer is solely responsible for the correctness, adequacy and disclosure of all relevant information herein.

Credit Rating

The Debentures proposed to be issued by the Issuer have been rated by Acuité Ratings & Research

Limited (“Rating Agency”). The Rating Agency has, vide its letter dated September 11, 2020 assigned

a rating of “ACUITE A” with “stable” outlook in respect of the Debentures. The above rating is not a

recommendation to buy, sell or hold securities and Investors should take their own decision. The ratings

may be subject to revision or withdrawal at any time by the rating agency and should be evaluated

independently of any other ratings. Please refer to Annexure I of this Information Memorandum for

the letter dated September 11, 2020 from the Rating Agency assigning the credit rating above

mentioned.

Issue Schedule

Issue Opens on: September 28, 2020

Issue Closing on: September 28, 2020 Deemed Date of Allotment: September 29, 2020

The Issuer reserves the right to change the Issue Schedule including the Deemed Date of Allotment at

its sole discretion, without giving any reasons or prior notice. The Issue shall be open for subscription during the banking hours on each day during the period covered by the Issue Schedule.

Listing

The Debentures are proposed to be listed on the wholesale debt market of the Bombay Stock Exchange

(“BSE”).

Registrar and Transfer Agent Debenture Trustee

Integrated Registry Management Services

Private Limited

2nd Floor, Kences Towers, No. 1,

Ramakrishna Street, North Usman Road, T. Nagar,

Chennai - 600 017

IDBI Trusteeship Services Limited

Asian Building, Ground Floor,

17, R. Kamani Marg, Ballard Estate,

Mumbai-400001

Tel.: +91 22 4080 7000

Fax: +91 22 6631 1776

Email: [email protected]

Contact Person: Senior Vice President



TABLE OF CONTENTS

SECTION 1: DEFINITIONS AND ABBREVIATIONS 4

SECTION 2: NOTICE TO INVESTORS AND DISCLAIMERS 9

SECTION 3: RISK FACTORS 12

SECTION 4: FINANCIAL STATEMENTS 14

SECTION 5: REGULATORY DISCLOSURES UNDER SEBI DEBT LISTING

REGULATIONS 15

SECTION 6: DISCLOSURES PERTAINING TO WILFUL DEFAULT 47

SECTION 7: DISCLOSURES UNDER THE COMPANIES ACT 48 SECTION 8: APPLICANT’S DETAILS 60

SECTION 9: DECLARATION 61

SECTION 10: OTHER INFORMATION AND APPLICATION PROCESS 62

SECTION 11: DECLARATION 72

ANNEXURE I: RATING LETTER FROM THE RATING AGENCY 73

ANNEXURE II: CONSENT LETTER FROM THE DEBENTURE TRUSTEE 75

ANNEXURE III: APPLICATION FORM 76

ANNEXURE IV: AUDITED FINANCIAL STATEMENTS 80

ANNEXURE V: INDICATIVE CASHFLOW SCHEDULE 106

ANNEXURE VI: COPIES OF BOARD RESOLUTIONS 109

ANNEXURE VII: COPIES OF SHAREHOLDERS’ RESOLUTIONS 110

ANNEXURE VIII: RELATED PARTY TRANSACTIONS 111

ANNEXURE IX: DETAILS OF BRANCHES AND UNITS OF THE ISSUER 113



4

SECTION 1: DEFINITIONS AND ABBREVIATIONS

Unless the context otherwise indicates or requires, the following terms shall have the

meanings given below in this Information Memorandum.

Accounting Standards Accounting standards and practices required to be followed under

Applicable Law.

Allot/Allotment/Allotted Unless the context otherwise requires or implies, the allotment of

the Debentures pursuant to this Issue. Application Form The form used by the recipient of this Information Memorandum,

to apply for subscription to the Debentures, which is annexed to this Information Memorandum and marked as Annexure III.

Board/Board of

Directors The Board of Directors of the Issuer.

Business Day Any day of the week (excluding Saturdays, Sundays and any other

day which is a ‘public holiday’ for the purpose of Section 25 of

the Negotiable Instruments Act, 1881 (26 of 1881)) on which

banks are normally open for business in Mumbai “Business

Days” shall be construed accordingly. CDSL Central Depository Services Limited Debentures / NCDs Collectively means the Series 1 Debentures and the Series 2

Debentures. Debenture Holders /

Investors The persons to whom this Information Memorandum has been

issued to and who have subscribed the Debentures in the primary

market and thereafter shall mean and include any Person to whom the Debentures are transferred to, each who fulfils the following

requirements: (a) Persons who are registered as such as the

beneficial owners in terms of the Debenture Trust Deed; and (b)

Persons who are registered as debenture holder(s) in the Register

of Debenture Holder(s) maintained in terms of the Debenture

Trust Deed. In the event of any inconsistency between sub

paragraph (a) and (b) above, sub paragraph (a) shall prevail.

Deemed Date of

Allotment September 29, 2020 being the date on which the Debentures under

each Series being issued hereunder are deemed to be allotted to the Debenture Holders.

Debenture Trustee IDBI Trusteeship Services Limited, a company incorporated under the Companies Act, 1956 and having its registered office at

Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard

Estate, Mumbai-400001. Debenture Trustee

Agreement Agreement executed by and between the Debenture Trustee and

the Company for the purposes of appointment of the Debenture

Trustee to act as debenture trustee in connection with the issuance

of the Debentures. Debenture Trust Deed With respect to each Series issued under this Information

Memorandum, the debenture trust deed executed/to be executed

by and between the Debenture Trustee and the Company inter alia recording the terms and conditions for setting out the terms upon

which the Debentures are being issued and shall include the

representations and warranties and the covenants to be provided by the Issuer.

Deed of Hypothecation With respect to each Series issued under this Information

Memorandum, the deed of hypothecation entered/to be entered

into between the Issuer and the Debenture Trustee, pursuant to

which hypothecation over Secured Property shall be created by



5

the Issuer in favour of the Debenture Trustee (acting for and on

behalf of the Debenture Holders under each Series). Demat Refers to dematerialized securities which are securities that are in

electronic form, and not in physical form, with the entries noted

by the Depository. Depositories Act The Depositories Act, 1996, as amended from time to time. Depository A Depository registered with SEBI under the SEBI (Depositories

and Participant) Regulations, 1996, as amended from time to time. Depository Participant /

DP A depository participant as defined under the Depositories Act

Director(s) Board of Director(s) of the Issuer. Disclosure Document /

Information

Memorandum

This document which sets out the information regarding the

Debentures being issued on a private placement basis.

DP ID Depository Participant Identification Number. Due Date Any date on which the holders of the Debentures are entitled to

any payments, whether on maturity or earlier, prior to the

scheduled Maturity Date on acceleration in terms of the Transaction Documents.

Electronic Book Provider/ EBP

BSE Limited

EFT Electronic Fund Transfer. Financial Indebtedness Any indebtedness in respect of the following:

(a) monies borrowed;

(b) any amount availed of by acceptance of any credit

facility;

(c) any amount raised pursuant to the issuance of any notes,

bonds, debentures, loan stock or any other similar

securities or instruments;

(d) the amount of any liability in respect of any lease or hire

purchase contract which would, in accordance with generally accepted principles of accounting in India, be

treated as a finance or capital lease;

(e) receivables sold or discounted (other than any receivables sold in the ordinary course of business or to the extent that

they are sold on a non-recourse basis);

(f) any amount raised under any other transaction (including any forward sale or purchase agreement) having the

commercial effect of a borrowing;

(g) any derivative transaction entered into in connection with

protection against or benefit from fluctuation in price

(and, when calculating the value of any derivative

transaction, only the marked to market value shall be taken into account);

(h) any counter-indemnity obligation in respect of a

guarantee, indemnity, bond, standby or documentary

letter of credit or any other instrument issued by a bank

or financial institution;

(i) the amount of any liability under an advance or deferred

purchase agreement if one of the primary reasons behind

the entry into such agreement is to raise finance;

(j) any put option, guarantees, keep fit letter(s), letter of

comfort, etc by whatever name called, which gives or may give rise to any financial obligation(s);



6

(k) any preference shares (excluding any compulsorily

convertible preference shares)

(l) (without double counting) the amount of any liability in

respect of any guarantee or indemnity for any of the items

referred to in paragraphs (a) to (k) above.

Financial Year/ FY Twelve months period commencing from April 1 of a particular

calendar year and ending on March 31 of the subsequent calendar

year. Final Settlement Date The date on which the payments to be made by the Company in

relation to the Issue have been irrevocably discharged in full and/or the Debentures under each Series have been redeemed by

the Company in full in accordance with the terms of the

Transaction Documents. IBC The Insolvency and Bankruptcy Code, 2016, and the rules and

regulations made thereunder which are in effect from time to time

and shall include any other statutory amendment or re-enactment

thereof; Issue Private Placement of the Debentures. Issue Closing Date September 28, 2020 Issue Opening Date September 28, 2020 Issuer/ Company CASHPOR Micro Credit

Majority Debenture

Holders Debenture Holder(s) holding an aggregate amount representing

not less than 75% (Seventy Five Percent) of the value of the

nominal amount of the Debentures for the time being outstanding. It is however clarified that if a resolution is required to be passed

in relation to a matter concerning a particular Series only, then the

term “Majority Debenture Holder(s)” shall mean the Debenture Holder(s) of that Series/ Tranche holding an aggregate amount

representing not less than 75% (Seventy Five Percent) of the value

of the nominal amount of the Debentures comprised in that Series for the time being outstanding.

Material Adverse Effect The effect or consequence of an event, circumstance, occurrence or condition which has caused, as of any date of determination, or

could reasonably be expected to cause a material and adverse

effect on the financial condition, business or operation of the

Issuer which in the opinion of the Debenture Trustee is prejudicial

to the ability of the Issuer to perform its obligations under the

Transaction Documents. Maturity Date 18 (Eighteen) months from the Deemed Date of Allotment, or

such other date on which the final payment of the principal

amount of the Debentures of each series becomes due and payable as therein or herein provided, whether at such stated maturity date,

by declaration of acceleration, or otherwise. N.A. Not Applicable.

NSDL National Securities Depository Limited.

PAN Permanent Account Number.

Partial Credit Guarantee Scheme

The scheme issued by the Department of Financial Services, Ministry of Finance, Government of India, vide the ‘Extended

Partial Credit Guarantee Scheme’ on May 20, 2020, as modified

from time to time, read with the frequently asked questions on the

said schemes published by the Department of Financial Services,

Ministry of Finance, Government of India on its website on May

20, 2020, for offering partial credit guarantee to Public Sector

Banks for purchasing bonds / commercial paper from financially



7

sound non-banking financial companies / housing finance

companies/ micro finance institutions

RBI Reserve Bank of India. Rating Agency Acuité Ratings & Research Limited, being a credit rating agency

registered with SEBI pursuant to SEBI (Credit Rating Agencies)

Regulations 1999, as amended from time to time. Record Date The date which will be used for determining the Debenture

Holders who shall be entitled to receive the amounts due on any

Due Date, which shall be the date falling 15 (Fifteen) Business

Days prior to any Due Date. R&T Agent Integrated Registry Management Services Private Limited

ROC Registrar of Companies. Rs. / INR Indian Rupee. RTGS Real Time Gross Settlement. SEBI Securities and Exchange Board of India constituted under the

Securities and Exchange Board of India Act, 1992 (as amended

from time to time). SEBI Debt Listing

Regulations The Securities and Exchange Board of India (Issue and Listing of

Debt Securities) Regulations, 2008 issued by SEBI, as amended

from time to time. SEBI Electronic Book

Mechanism Guidelines

The guidelines issued by SEBI and pertaining to the Electronic

Book Mechanism set out in the terms specified by SEBI in its

Circular dated January 05, 2018 (bearing reference number

SEBI/HO/DDHS/CIR/P/2018/05) titled ‘Electronic book

mechanism for issuance of securities on private placement basis’

read with the related clarifications dated August 16, 2018 (bearing

reference number SEBI/HO/DDHS/CIR/P/2018/122), and the

related operational guidelines issued by the concerned Electronic

Book Provider, as may be amended, clarified or updated from time to time.

Security The security for the Debentures as specified in clause 5.19. Series Each Series being issued under this Information Memorandum,

being Series 1 and Series 2

Series 1 Debentures Up to 1,000 (One Thousand) rated, listed, secured, redeemable

non-convertible debentures under Series 1 having face value of

Rs. 10,00,000/- (Rupees Ten Lakhs only) each, of the aggregate nominal value of up to Rs. 100,00,00,000/- (Rupees One Hundred

Crores only).

Series 2 Debentures Up to 250 (Two Hundred and Fifty) rated, listed, secured,

redeemable non-convertible debentures under Series 2 having

face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, of

the aggregate nominal value of up to Rs. 25,00,00,000/- (Rupees

Twenty Five Crores only) with a green shoe option of up to 750

(Seven Hundred and Fifty) rated, listed, secured, redeemable non-

convertible debentures under Series 2 having face value of Rs.

10,00,000/- (Rupees Ten Lakhs only) each, of the aggregate

nominal value of up to Rs. 75,00,00,000/- (Rupees Seventy-Five Crores only)

Tax or Taxes Any and all present or future, direct or indirect, claims for tax,

withholding tax, surcharge, levy, impost, duty, cess, statutory due or other charge of a similar nature (including any penalty or

interest payable in connection with any failure to pay or any delay

in paying any of the same) including on gross receipts, sales, turn-

over, value addition, use, consumption, property, service, income,

franchise, capital, occupation, license, excise, documents (such as



8

stamp duties) and customs and other taxes, duties, assessments, or

fees, however imposed, withheld, levied, or assessed by any

Government. TDS Tax Deducted at Source. The Companies Act/ the

Act The Companies Act, 2013 or where applicable, the provisions of

the Companies Act, 1956, still in force. Terms & Conditions The terms and conditions pertaining to the Issue as outlined in the

Transaction Documents. Transaction Documents The documents executed in relation to the issue of the Debentures

and the creation of the Security and shall include the Information

Memorandum, the Debenture Trustee Agreement, the Deed of Hypothecation, the Debenture Trust Deed and any other

document that may be designated by the Debenture Trustee as a

Transaction Document. WDM Wholesale Debt Market. Wilful Defaulter An entity who is categorized as a wilful defaulter by any Bank or

financial institution or consortium thereof, in accordance with the

guidelines on wilful defaulters issued by the Reserve Bank of

India and includes an entity whose director or promoter is categorized as such.



9

SECTION 2: NOTICE TO INVESTORS AND DISCLAIMERS

2.1 ISSUER’S DISCLAIMER

This Information Memorandum is neither a prospectus nor a statement in lieu of a prospectus and

should not be construed to be a prospectus or a statement in lieu of a prospectus under the Companies

Act. The issue of the Debentures to be listed on the WDM segment of the BSE is being made strictly

on a private placement basis. Multiple copies hereof given to the same entity shall be deemed to be

given to the same person and shall be treated as such. This Information Memorandum does not

constitute and shall not be deemed to constitute an offer or invitation to subscribe to the Debentures

to the public in general.

As per the applicable provisions, it is not necessary for a copy of this Information Memorandum /

Disclosure Document to be filed or submitted to the SEBI for its review and/or approval.

This Information Memorandum has been prepared in conformity with the SEBI Debt Listing

Regulations as amended from time to time and the applicable RBI Circulars governing private

placements of debentures by NBFCs. This Information Memorandum has been prepared solely to

provide general information about the Issuer to the eligible investors to whom it is addressed and who

are willing and eligible to subscribe to the Debentures. This Information Memorandum does not

purport to contain all the information that any eligible investor may require. Further, this Information

Memorandum has been prepared for informational purposes relating to this transaction only and upon

the express understanding that it will be used only for the purposes set forth herein.

Neither this Information Memorandum nor any other information supplied in connection with the

Debentures is intended to provide the basis of any credit or other evaluation and any recipient of this

Information Memorandum should not consider such receipt as a recommendation to subscribe to any

Debentures. Each potential Investor contemplating subscription to any Debentures should make its

own independent investigation of the financial condition and affairs of the Issuer, and its own

appraisal of the creditworthiness of the Issuer. Potential Investors should consult their own financial,

legal, tax and other professional advisors as to the risks and investment considerations arising from

an investment in the Debentures and should possess the appropriate resources to analyse such

investment and the suitability of such investment to such potential Investor’s particular

circumstances.

The Issuer confirms that, as of the date hereof, this Information Memorandum (including the

documents incorporated by reference herein, if any) contains all the information that is material in

the context of the Issue and regulatory requirements in relation to the Issue and is accurate in all such

material respects. No person has been authorized to give any information or to make any

representation not contained or incorporated by reference in this Information Memorandum or in any

material made available by the Issuer to any potential Investor pursuant hereto and, if given or made,

such information or representation must not be relied upon as having been authorized by the Issuer.

The Issuer certifies that the disclosures made in this Information Memorandum are adequate and in

conformity with the SEBI Debt Listing Regulations. Further, the Issuer accepts no responsibility for

statements made otherwise than in the Information Memorandum or any other material issued by or

at the instance of the Issuer and anyone placing reliance on any source of information other than this

Information Memorandum would be doing so at its own risk.

This Information Memorandum, and the contents hereof are restricted only for the intended

recipient(s) who have been addressed directly and specifically through a communication by the

Issuer and only such recipients are eligible to apply for the Debentures. All Investors are

required to comply with the relevant regulations/guidelines applicable to them for investing in

this Issue. The contents of this Information Memorandum are intended to be used only by those

potential Investors to whom it is distributed. It is not intended for distribution to any other

person and should not be reproduced by the recipient.



10

No invitation is being made to any person other than those to whom Application Forms along with

this Information Memorandum being issued have been sent. Any application by a person to whom

the Information Memorandum has not been sent by the Issuer shall be rejected without assigning any

reason.

The person who is in receipt of this Information Memorandum shall not reproduce or distribute in

whole or part or make any announcement in public or to a third party regarding the contents hereof

without the consent of the Issuer. The recipient agrees to keep confidential all information provided

(or made available hereafter), including, without limitation, the existence and terms of the Issue, any

specific pricing information related to the Issue or the amount or terms of any fees payable to us or

other parties in connection with the Issue. This Information Memorandum may not be photocopied,

reproduced, or distributed to others at any time without the prior written consent of the Issuer. Upon

request, the recipients will promptly return all material received from the Issuer (including this

Information Memorandum) without retaining any copies hereof. If any recipient of this Information

Memorandum decides not to participate in the Issue, that recipient must promptly return this

Information Memorandum and all reproductions whether in whole or in part and any other

information statement, notice, opinion, memorandum, expression or forecast made or supplied at any

time in relation thereto or received in connection with the Issue to the Issuer.

The Issuer does not undertake to update the Information Memorandum to reflect subsequent events

after the date of Information Memorandum and thus it should not be relied upon with respect to such

subsequent events without first confirming its accuracy with the Issuer.

Neither the delivery of this Information Memorandum nor any sale of Debentures made hereafter

shall, under any circumstances, constitute a representation or create any implication that there has

been no change in the affairs of the Issuer since the date hereof.

This Information Memorandum does not constitute, nor may it be used for or in connection with, an

offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorized

or to any person to whom it is unlawful to make such an offer or solicitation. No action is being taken

to permit an offering of the Debentures or the distribution of this Information Memorandum in any

jurisdiction where such action is required. Persons into whose possession this Information

Memorandum comes are required to inform themselves about and to observe any such restrictions.

The Information Memorandum is made available to potential Investors in the Issue on the strict

understanding that it is confidential.

2.2 DISCLAIMER CLAUSE OF STOCK EXCHANGES

As required, a copy of this Information Memorandum has been filed with the BSE in terms of the

SEBI Debt Listing Regulations. It is to be distinctly understood that submission of this Information

Memorandum to the BSE should not in any way be deemed or construed to mean that this Information

Memorandum has been reviewed, cleared, or approved by the BSE; nor does the BSE in any manner

warrant, certify or endorse the correctness or completeness of any of the contents of this Information

Memorandum, nor does the BSE warrant that the Issuer’s Debentures will be listed or will continue

to be listed on the BSE; nor does the BSE take any responsibility for the soundness of the financial

and other conditions of the Issuer, its promoters, its management or any scheme or project of the

Issuer.

2.3 DISCLAIMER CLAUSE OF SEBI

As per the provisions of the SEBI Debt Listing Regulations, it is not stipulated that a copy of this

Information Memorandum has to be filed with or submitted to the SEBI for its review / approval. It

is to be distinctly understood that this Information Memorandum should not in any way be deemed

or construed to have been approved or vetted by SEBI and that this Issue is not recommended or

approved by SEBI. SEBI does not take any responsibility either for the financial soundness of any



11

proposal for which the Debentures issued thereof is proposed to be made or for the correctness of the

statements made or opinions expressed in this Information Memorandum.

2.4 DISCLAIMER IN RESPECT OF JURISDICTION

This Issue is made in India to Investors as specified under the clause titled “Eligible Investors” of this

Information Memorandum, who shall be/have been identified upfront by the Issuer. This Information

Memorandum does not constitute an offer to sell or an invitation to subscribe to Debentures offered

hereby to any person to whom it is not specifically addressed. Any disputes arising out of this Issue

will be subject to the exclusive jurisdiction of the courts and tribunals at Mumbai. This Information

Memorandum does not constitute an offer to sell or an invitation to subscribe to the Debentures

herein, in any other jurisdiction to any person to whom it is unlawful to make an offer or invitation

in such jurisdiction.

2.5 DISCLAIMER IN RESPECT OF RATING AGENCIES

Ratings are opinions on credit quality and are not recommendations to sanction, renew, disburse or

recall the concerned bank facilities or to buy, sell or hold any security. The Rating Agency has based

its ratings on information obtained from sources believed by it to be accurate and reliable. The Rating

Agency does not, however, guarantee the accuracy, adequacy or completeness of any information

and is not responsible for any errors or omissions or for the results obtained from the use of such

information. Most entities whose bank facilities/instruments are rated by the Rating Agency have

paid a credit rating fee, based on the amount and type of bank facilities/instruments.

2.6 ISSUE OF DEBENTURES IN DEMATERIALISED FORM

The Debentures will be issued in dematerialised form. The Issuer has made arrangements with the

Depositories for the issue of the Debentures in dematerialised form. Investors will have to hold the

Debentures in dematerialised form as per the provisions of Depositories Act. The Issuer shall take

necessary steps to credit the Debentures allotted to the beneficiary account maintained by the Investor

with its depositary participant. The Issuer will make the Allotment to Investors on the Deemed Date

of Allotment after verification of the Application Form, the accompanying documents, in accordance

with the SEBI Electronic Book Mechanism Guidelines and on realisation of the application money.



12

SECTION 3: RISK FACTORS

The following are the risks envisaged by the management of the Company relating to the Company,

the Debentures and the market in general. Potential investors should carefully consider all the risk

factors in this Disclosure Document for evaluating the Company and its business and the Debentures

before making any investment decision relating to the Debentures. The Company believes that the

factors described below represent the principal risks inherent in investing in the Debentures, but does

not represent that the statements below regarding the risks of holding the Debentures are exhaustive.

The order of the risk factors is intended to facilitate ease of reading and reference and does not in any

manner indicate the importance of one risk factor over another. Investors should also read the detailed

information set out elsewhere in this Disclosure Document and reach their own views prior to making

any investment decision.

If any one of the following stated risks actually occurs, the Company’s business, financial conditions

and results of operations could suffer and, therefore, the value of the Company’s Debentures could

decline and/or the Company’s ability to meet its obligations in respect of the Debentures could be

affected. More than one risk factor may have simultaneous effect with regard to the Debentures such

that the effect of a particular risk factor may not be predictable.

Please note that unless specified or quantified in the relevant risk factors, the Company is not in a

position to quantify the financial or other implications of any risk mentioned herein below:

a. Repayment of principal is subject to the credit risk of the Company.

Potential investors should be aware that receipt of the principal amount along with yield

payable thereon and any other amounts that may be due in respect of the Debentures is subject

to the credit risk of the Company and the potential investors assume the risk that the Company

may not be able to satisfy their obligations under the Debentures. In the event that bankruptcy

proceedings or composition, scheme of arrangement or similar proceedings to avert

bankruptcy are instituted by or against the Company, the payment of sums due on the

Debentures may be substantially reduced or delayed.

b. Tax Considerations and Legal Considerations

Special tax considerations and legal considerations may apply to certain types of potential

investors. Potential investors are urged to consult with their own financial, legal, tax and

other professional advisors to determine any financial, legal, tax and other implications of

this investment.

c. Company’s indebtedness and covenants imposed by its financing arrangements may

restrict its ability to conduct its business or operations

Company’s financing arrangements require it to maintain certain security cover for some of

its borrowings. Should there be any breach of financial or other covenants of any financing

arrangements and such breach continues beyond the stipulated cure period (if any), the

Company may be subjected to various consequences as a result of such default including

forced repayment of such borrowings. Further, under some of the financing arrangements,

the Company is required to inform / obtain prior approval of the lenders / debentures holders

/ debenture trustee for various actions. This may restrict / delay some of the actions /

initiatives of the Company from time to time.



13

d. Accounting Considerations

Special accounting considerations may apply to certain types of taxpayers. Potential investors

are urged to consult with their own accounting advisors to determine implications of this

investment.

e. Security maybe insufficient to redeem the Debentures

The Debentures are proposed to be secured by the assets described in clause 5.19 below. In

the event that the Company is unable to meet its payment and other obligations towards

potential investors under the terms of the Debentures, the Debenture Trustee may enforce the

security. The potential investors’ recovery in relation to the Debentures will be inter alia

subject to (i) the market value of the security; and (ii) finding a willing buyer for the security

at a price sufficient to repay the amounts due and payable to the potential investors’ amounts

outstanding under the Debentures.

f. Material changes in regulations to which the Company are subject could impair the

Company’s ability to meet payments or other obligations.

The Company is subject generally to changes in Indian law, as well as to changes in

government regulations and policies and accounting principles. Any changes in the

regulatory framework could adversely affect the profitability of the Company or its future

financial performance, by requiring a restructuring of its activities, increasing costs or

otherwise.

g. Economic fallout from the spread of the Covid-19 virus may impact the Issuer’s

business prospects, financial condition, result of operations and credit risk

The spread of the Covid-19 virus has affected millions across the globe and the same coupled

with measures taken by the governments including lockdowns/ curfew has not only affected

day to day lives of people but has also given a hard blow to the supply chain of factories, with

trade routes being disturbed and slowing down of the industry, trade, commerce and business

activities across all sectors. The Covid-19 virus pandemic is also adversely affecting, and is expected to continue to adversely affect, our operations, liquidity and cashflows.

While the extent of negative financial impact cannot be reasonably estimated at this time, a

sustained economic slowdown may significantly affect our business, financial condition,

liquidity, cashflows and results of operations and the same will depend on future

developments, which are highly uncertain and cannot be predicted, including new

information which may emerge concerning the severity of the Covid-19 virus and the actions

to contain the Covid-19 virus or treat its impact, among others. Consequently, there may be

a negative effect on the Company’s ability to service the obligations in relation to the Debentures.



14

SECTION 4: FINANCIAL STATEMENTS

The audited financial statements of the Issuer for the last three financial year ends are set out in

Annexure IV hereto.



15

SECTION 5: REGULATORY DISCLOSURES UNDER SEBI DEBT LISTING

REGULATIONS

The Information Memorandum is prepared in accordance with the provisions of SEBI Debt Listing

Regulations and in this section, the Issuer has set out the details required as per Schedule I of the

SEBI Debt Listing Regulations.

5.1 Documents Submitted to the Exchanges

The following documents have been / shall be submitted to the BSE:

A. Memorandum and Articles of Association of the Issuer and necessary resolution(s) for the

allotment of the Debentures;

B. Copy of last 3 (Three) years audited Annual Reports;

C. Statement containing particulars of, dates of, and parties to all material contracts and agreements;

D. Copy of the resolution passed by the shareholders of the Company at the Annual General

Meeting held on September 11, 2020 authorizing the issue/offer of non-convertible debentures by the Company;

E. Copy of the resolution passed by the Board of Directors authorizing the issuance of the

Debentures and the list of authorized signatories; F. An undertaking from the Issuer stating that the necessary documents for the creation of the

charge, including the Debenture Trust Deed would be executed within the time frame

prescribed in the relevant regulations/acts/rules etc. and the same would be uploaded on the

website of the BSE, where the debt securities have been listed, within 5 (Five) working days

of execution of the same;

G. Where applicable, an undertaking that permission / consent from the prior creditor for a second

or pari passu charge being created, in favour of the trustees to the proposed issue has been

obtained; and

H. Any other particulars or documents that the recognized stock exchange may call for as it deems fit.

5.2 Documents Submitted to Debenture Trustee

The following documents have been/shall be submitted to the Debenture Trustee in electronic form

(soft copy) on or before the allotment of the Debentures:

A. Memorandum and Articles of Association of the Issuer and necessary resolution(s) for the

allotment of the Debentures;

B. Copy of last 3 (Three) years audited Annual Reports;

C. Statement containing particulars of, dates of, and parties to all material contracts and

agreements;

D. Latest audited / limited review half yearly consolidated (wherever available) and standalone financial information (profit & loss statement, balance sheet and cash flow statement) and

auditor qualifications, if any.

E. An undertaking to the effect that the Issuer would, until the redemption of the debt securities,

submit the details mentioned in point (D) above to the Debenture Trustee within the timelines

as mentioned in Simplified Listing Agreement issued by SEBI vide circular No.

SEBI/IMD/BOND/1/2009/11/05 dated May 11, 2009 as amended from time to time, for

furnishing / publishing its half yearly/ annual result. Further, the Issuer shall within 180 (One

Hundred and Eighty) calendar days from the end of the financial year, submit a copy of the

latest annual report to the Debenture Trustee and the Debenture Trustee shall be obliged to share the details submitted under this clause with all ‘Qualified Institutional Buyers’ and

other existing debenture-holders within 2 (two) Business Days of their specific request.



16

5.3 Name and Address of Registered Office of the Issuer:

Name of the Issuer: CASHPOR Micro Credit

Registered Office of Issuer: S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center,

Khajuri, Maqbool Alam Road, Varanasi- 221002

Corporate Office of Issuer: S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center,


Compliance Officer of Issuer: CS Jyoti Khatri, Assistant Company Secretary

Chief Financial Officer of Issuer: Dr. B. B. Singh

Registration Number: 027113

Corporate Identification Number: U65910UP2002NPL027113

Phone No.: +91 542 2505590/ 92

Fax No.: +91 542 2505591

Contact Person: Ms. Jyoti Khatri, Assistant Company Secretary

Email: [email protected]

Website of Issuer: http://www.cashpor.in/

Auditors of the Issuer: Walker Chandiok & Co. Llp

Trustee to the Issue: IDBI Trusteeship Services Limited

Address: Asian Building, 17, R. Kamani Marg, Ballard

Estate, Mumbai – 400 001

Registrar to the Issue: Integrated Registry Management Services Private Limited

Address: 2nd Floor, Kences Towers, No. 1,

Ramakrishna Street, North Usman Road, T. Nagar,

Chennai - 600 017

Credit Rating Agency: Acuité Ratings & Research Limited

Address: A-812, The Capital, G Block,

BKC, Bandra (E), Mumbai - 400051

5.4 A brief summary of business / activities of the Issuer and its line of business:

(a) Overview:

(b) CASHPOR Micro Credit is a not for profit company, which is originally registered under

Section-25 of the Companies Act, 1956. It is a poverty focused institution that provides

microfinance exclusively to below poverty line women.



17

(c) Corporate Structure/Organization Structure:

(d) Key Operational and Financial Parameters for the last 3 audited years on a consolidated

basis (wherever available) else on a standalone basis.

(Rs. Crores)

Parameters FY

2020 FY 2019 FY 2018

Net worth 261.98 207.26 163.05

Total Debt 1539.37 1142.16 1052.40

Comprising

of

Non-Current Maturities of Long Term

Borrowing 677.17 421.76 428.76

Short Term Borrowing 0.00 0.00 0.00

Current Maturities of Long Term Borrowing 862.20 720.40 623.64

Net Fixed Assets 2.14 2.21 2.14

Non-Current Assets 399.04 291.56 287.37

Cash and Cash Equivalents 348.54 267.05 272.67

Current Investments 0.00 0.00 0.00

Current Assets 1488.89 1112.47 966.98

Current Liabilities 945.45 772.80 657.86

Assets Under Management 2934.96 2194.07 1812.44

Off Balance Sheet Assets 1446.98 1092.25 867.88



18

Interest Income 212.50 191.60 185.70

Interest Expense 130.20 105.44 103.24

Provisioning & Write-offs 9.83 9.63 17.49

PAT 48.28 40.36 31.94

Gross NPA (%) 0.16% 0.15% 0.21%

Net NPA (%) 0.02% 0.01% 0.02%

Tier I Capital Adequacy Ratio (%) 16.37% 17.49% 17.18%

Tier II Capital Adequacy Ratio (%) 2.41% 2.85% 2.01%

(e) Gross Debt: Equity Ratio of the Company:

Before the issue of debt securities 5.9 Times

After the issue of debt securities 8 times

(f) Project cost and means of financing, in case of funding new projects:

NA

5.5 A Brief history of Issuer since its incorporation giving details of its following activities:

A. Details of Share Capital as on last quarter end i.e. June 30, 2020:

Share Capital Number of

Securities

Nominal

Value Amounts

Authorised:

Equity

Preference

15,00,000

-

10.00

-

150,000,000.00

-

TOTAL 15,00,000 10.00 15,00,00,000.00

Issued, Subscribed and Fully Paid- up 53,90,000 10.00 53,900,000.00

Preference Shares

TOTAL 53,90,000 10.00 53,900,000.00

B. Changes in its capital structure as on last quarter end i.e. June 30, 2020, for the last five

years:

There has been no change in the issued or paid up capital of the Company in the last 5 (Five)

years.

C. Equity Share Capital History of the Company as on last quarter end i.e. June 30, 2020,

for the last five years:

There has been no change in the issued or paid up capital of the Company in the last 5 (Five)

years.

D. Details of any Acquisition or Amalgamation in the last 1 (one) year:

There has been no acquisition or amalgamation in the last 1 (One) year

E. Details of any Reorganization or Reconstruction in the last 1 (one) year:

There has been no reorganization or reconstruction in the last 1 (one) year



19

5.6 Details of the shareholding of the Company as on June 30, 2020:

A. Shareholding pattern of the Company as on June 30, 2020:

Sr.

No. Shareholders

No. of

Shares

Number of

shares held in

Dematerialised

Form

Total

Shareholding as a

% of total no. of

equity shares.

1.

CASHPOR Financial & Technical

Services Private Limited

53,89,993

NA 0.99999870

2. Mrs. Archana Shukla 1 NA 0.00000019

3. Mrs. Kirti Yadav 1 NA 0.00000019

4. Mrs. Snowlata Maurya 1 NA 0.00000019

5. Mrs. Shashi Singh 1 NA 0.00000019

6. Mr. Rakesh Kumar Dubey 1 NA 0.00000019

7. Mrs. Sarita Singh 1 NA 0.00000019

8. Mrs. Vandana Srivastava 1

NA 0.00000019

Total

53,90,000

100%

The promoters have not pledged or encumbered any of the shares held by them in the company.

B. List of top 10 holders of equity shares of the Company as on June 30, 2020:

Sr.

No.

Shareholders No. of

Shares

Number of

shares held in

Dematerialised

Form

Total

Shareholding as a

% of total no. of

equity shares.

1. CASHPOR Financial & Technical

Services Private Limited

53,89,993 NA 0.99999870

2. Mrs. Archana Shukla 1 NA 0.00000019

3. Mrs. Kirti Yadav 1 NA 0.00000019

4. Mrs. Snowlata Maurya 1 NA 0.00000019

5. Mrs. Shashi Singh 1 NA 0.00000019

6. Mr. Rakesh Kumar Dubey 1 NA 0.00000019

7. Mrs. Sarita Singh 1 NA 0.00000019

8. Mrs. Vandana Srivastava 1 NA 0.00000019

Total 53,90,000 100%



20

5.7 Following details regarding the directors of the Company:

A. Details of current directors of the Company as on June 30,2020:

This table sets out the details regarding the Company’s Board of Directors

Sr.

No.

Name and DIN DOB Designatio

n

Address Director of

the

Company

since

Details of

other

directorship

1. Mr. David

Sprague

Gibbons

01238730

12/07/

1940

Nominee

Director

Kampung

Kolam Air

Pantai Seremban

Negeri Sembilan

Malaysia 71770

10/12/2002 CASHPOR

MICRO

CREDIT &

CASHPOR

Financial and

Technical

Services

Private

Limited

2. Mr. Mukul

Jaiswal

02696656

01/01/

1972

Managing

Director

Chuppepur,

Shivpur, Central

Jail Road,

Bhojubeer

Varanasi Uttar

Pradesh India

221003

30/05/2009 CASHPOR

Micro Credit,

CASHPOR

Financial and

Technical

Services

Private

Limited,

Jeevanshree

Inclusive

Finance India

Private

Limited,

Satya Micro

Capital

Limited &

Aayushya

Foundation.

3. Mr. Abhijit Sen

00002593

17/11/

1950

Director A 92, Grand

Paradi, 572

Dadyseth Hill

August Kranti

Marg Near

Kemps Corner

Mumbai

Maharashtra

India 400036

24/07/2015 Trent

Limited,

Kalyani

Forge

limited,

,Ugro capital

Limited,

CASHPOR

Micro Credit,

Veritas

Finance

Private

Limited,



21

Netafim

Agricultural

Financing

Agency

Private

Limited,

Manappuram

Finance

Limited, Tata

Investment

Corporation

Limited,

Ujjivan

Financial

Services

Limited,

Booker

Satnam

Wholesale

Limited,

Asirvad

Micro

Finance

Limited,

Pramerica

life Insurance

Limited,

Booker India

limited

4. Mr. Bahram

Navroz Vakil

00283980

12/09/

1958

Nominee

Director

Flat No 2 Grd

Floor Wadia

House 22

Hughes Road 5

Khareghat

Colony,

10/11/2014 Qualia

Hospitality

Llp., Trent

Limited,

Voltas

Limited, Axis

Capital

Limited,

CASHPOR

Micro Credit,

Grameen

capital India

Private

Limited,

CASHPOR

Financial and

Technical

Services

Private

Limited,

Peninsula

Trustee



22

Limited,

Sashakt India

Asset

Management

Limited,

Bodhi Global

Services

Private

Limited,

Centre for

Advancemen

t of

Philanthropy.

,Ge-Hitachi

Nuclear

Energy India

Private

Limited,

Inarco

Private

Limited,

World

Monuments

Fund India

Association,

Aakar

Innovations

Private

Limited,

Aayushya

Foundation,

Indian

Council on

Global

Relations.

Eversource

Capital

Private

limited, &

Kaleidofin

Private

Limited,

5. Ms. Moumita

Sen Sarma

00481775

27/07/

1967

Nominee

Director

1/157, Ishana

Vihar,Isha Yoga

Center,

Velliangiri

Foothills,Ikkarai

boluvampatty,

Coimbatore

07/12/2004 Uzhavan

Agro

Solutions

Private

Limited, Isha

Naturo

Organic

Solutions

Private



23

Tamil Nadu

India 641114

Limited,

Trishul

Shelters

Private

Limited,

CASHPOR

Micro Credit,

Trishul

Foundations

Private

Limited,

Krishi Land

Farm

Developers

Private

Limited, &

RJ3111

Creatives

Private

Limited

6. Mr. Suhail

Chander

06941577

13/09/

1958

Nominee

Director

1045 Hubert

Road 94610-

2520 Oakland

CA, USA

25/02/2014 CASHPOR

Micro Credit,

& Xpanse

Services Llp

7. Mr. Saneesh

Singh

02254868

19/09/

1968

Nominee

Director

Flat No. 224, Dlf

Park Place, Dlf

City Phase -5,

Gurgaon Sector

56 Gurgaon,

Haryana India

122011

28/06/2013 ESAF

Financial

Holdings

Private

Limited,

CASHPOR

Micro Credit,

Mi India

Capital &

Investment

Private

Limited,

Margdarshak

Financial

Services

Limited,

ESAF Small

Finance Bank

Limited,

Growing

Opportunity

Finance

(India)Privat

e Limited, Mi

India Capital

Consultants



24

Private

Limited,

Satya Micro

Capital

Limited,

Samhita

Community

Development

Services &

Dia Vikas

Capital

Private

Limited.

8. Mr. Rajiv

Kumar

06831395

01/06/

1968

Nominee

Director,

C/o Dr. R K

Sachan, 2,

Dwarikapuri

colony, Old

Picnic Spot

Road, Sector-8,

Indira nagar

Lucknow Uttar

Pradesh India -

226016

03/05/2019 CASHPOR

Micro Credit

9. Mr. Sudarshan

Sen

03570051

21/01/

1959

Additional

Director

52 Vikas Bldg,

31 Pedder Road

Mumbai,

Maharashtra-

400026

19/02/2020 The Federal

Bank Ltd &

CASHPOR

Micro Credit



25

B. Details of change in directors since last three years:

Name Designation DIN Date of

Appointment /

Resignation

Director of

the

Company

since (in

case of

resignation)

Remarks

Chandni

Gupta Ohri

Nominee

Director GF-

USA & Amar Foundation

03613229 28/09/2017 05/06/2012 Resignation

Prem Singh

Hooda

Additional Director

01317215 30/04/2018 10/10/2017 Resignation

Sanjoy

Dasgupta

Director 00480441 10/10/2018 10/12/2002 Resignation

Prakash

Kumar

Nominee

Director

06758416 15/01/2019 22/09/2015 Resignation

Satya

Prakash

Singh

Nominee

Director

03168099 03/05/2019 15/01/2019 Resignation

Rajiv Kumar Nominee

Director

06831395 03/05/2019 Appointme

nt

Sachchida

Nand

Tripathi

Director 07286334 14/11/2019 08/05/2017 Cessation

due to Death

Graham

Wrigley

Additional Director

06399238 13/01/2020 10/10/2012 Resignation

Sudarshan

Sen

Director 03570051 19/02/2020 Appointme

nt

5.8 Following details regarding the auditors of the Company:

A. Details of the auditor of the Company:

Name Address Auditor since Remark

Walker Chandiok & Co.

LLP

L 41, Connaught Circus, New Delhi

110001

01.04.2019 None

B. Details of change in auditors since last three years:

Name Address Date of

Appointment /

Resignation

Auditor of the

Company since

(in case of

resignation)

Remarks

B S R & Associates.

LLP

8-2-618/2,

Reliance

Humsafar, 4th

Floor, Road

No. 11,

Banjara Hills,

Hyderabad,

31/03/2019 30/09/2009 The Auditor

were changed

due to

requirement of

Companies Act



26

Telangana-TG

500034.

Walker Chandiok &

Co. LLP

L 41,

Connaught

Circus, New

Delhi 110001

01/04/2019 Appointment

5.9 Details of borrowings of the Company, as on latest quarter end i.e. June 30, 2020:

A. Details of Secured Loan Facilities as on June 30, 2020: (Rs. In Cr.)

Lender’s Name

(in case of

Facility) /

Instrument

Name

Type of

Facility /

Instrumen

t

Amt

Sancti

oned /

Issued

Principal

Amt

outstanding

Repayment

Date/

Schedule Security

HDFC Bank Ltd

Ter

m L

oa

n

50.00 19.05 February-21 Hypothecation of

Book debts

100.00 38.10 October-21 Hypothecation of

Book debts

42.86 October-21 Hypothecation of

Book debts

Sub- Total 150.00 100.00

SIDBI

75.00 37.50 March-21

Hypothecation of Book Debts &

Pledged TDR of

Rs. 375Lacs

100.00 100.00 December-22

Hypothecation of

Book Debts & Pledged TDR of

Rs. 500Lacs

125.00 90.00 April-21 Hypothecation of

Book Debts

Sub- Total 300.00 227.50

ICICI BANK

125.00 30.68 December-20

Hypothecation of

Book debts & FD

of Rs. 225 lacs

- 25.00 February-21

Hypothecation of

Book debts & FD

of Rs. 150 lacs

200.00 100.45 August-21

Hypothecation of

Book debts & FD of Rs. 390 lacs

- 30.23 October-21

Hypothecation of

Book debts & FD

of Rs. 105 lacs



27

- 35.00 January-22

Hypothecation of

Book debts & FD

of Rs. 105 lacs

Sub- Total 325.00 221.36

DENA BANK 50.00 4.23

October-20

Hypothecation of

Book debts &

Pledged FD of Rs.

250 Lacs

Sub- Total 50.00 4.23

AXIS BANK

25.00 7.14 December-20

Hypothecation of Book debts &

Pledged FD of Rs.

62.50 Lacs

100.00 31.25 September-

21

Hypothecation of

Book debts & &

Pledged FD of

Rs.125 Lacs

- 21.88 October-21

Hypothecation of

Book debts &

Pledged FD of Rs.

62.5 Lacs

- 18.75 December-21

Hypothecation of

Book debts &

Pledged FD of Rs. 62.5 Lacs

Sub- Total 125.00 79.02

BANDHAN

BANK

130.00 27.86 December-20 Hypothecation of

Book debts

- 15.00 December-20 Hypothecation of

Book debts

- 14.29 January-21 Hypothecation of

Book debts

100.00 71.43 August-21 Hypothecation of

Book debts

100.00 70.00 January-22 Hypothecation of

Book debts

- 30.00 March-22 Hypothecation of

Book debts

Sub- Total 330.00 228.57

UCO BANK 20.00 13.29 March-22

Hypothecation of

Book debts &

Pledged FD of Rs.

100 Lacs



28

25.00 23.48 December-22

Hypothecation of

Book debts &

Pledged FD of Rs.

125 Lacs

Sub- Total 45.00 36.77

AU SMALL

FINANCE

BANK

50.00 0.21 July-20 Hypothecation of

Book debts

- 0.83 July-20 Hypothecation of

Book debts

30.00 15.75 July-21 Hypothecation of

Book debts

- 1.17 July-21

- 0.58 July-21

Sub- Total 80.00 18.54

UNION BANK

OF INDIA

50.00 8.00 March-21

Hypothecation of

Book debts &

Pledged FD of

Rs.100 Lacs

- 12.00 March-21

Hypothecation of

Book debts &

Pledged FD of Rs.150 Lacs

75.00 36.00 March-22


Pledged FD of

Rs.225 Lacs

- 24.00 March-22

Hypothecation of

Book debts &

Pledged FD of

Rs.150 Lacs

75.00 75.00 March-23

Hypothecation of

Book debts &

Pledged FD of

Rs.375 Lacs

Sub- Total 200.00 155.00

RATNAKAR

BANK LTD.

35.00 3.75 August-20

Hypothecation of

Book debts & pledge of 5% FD

Rs. 150 lacs

40.00 15.00 March-21

Hypothecation of

Book debts &

pledge of 5% FD Rs. 200 lacs

Sub- Total 75.00 18.75

KOTAK

MAHINDRA

50.00 - June-20 Hypothecation of

Book debts

- 0.10 July-20 Hypothecation of

Book debts

25.00 8.57 February-21 Hypothecation of

Book debts



29

- 2.86 June-21 Hypothecation of

Book debts

Sub- Total 75.00 11.52

YES BANK

30.00 1.88 March-21

Hypothecation of

Book debts &

pledge of 5% FD

Rs. 100 lacs

- 3.75 March-21

- 2.08 March-21

Sub- Total 30.00 7.71

VIJAYA BANK

10.00 1.11 September-

20

Hypothecation of

Book debts &

pledge of 2.5% FD

Rs. 25 lacs

10.00 3.89 July-21

Hypothecation of

Book debts &

pledge of 2.5% FD

Rs. 25 lacs

Sub- Total 20.00 5.00

Bank of Baroda

50.00 5.50 April-21

Hypothecation of

Book debts &

pledge of 5% FD Rs. 250 lacs

- 12.77 April-21

50.00 50.00 March-23

Hypothecation of

Book debts & pledge of 5% FD

Rs. 250 lacs

Sub- Total 100.00 68.27

IDFC First Bank 100.00 87.50

November-

21

Hypothecation of Book debts

Sub- Total 100.00 87.50

Federal Bank


21

Hypothecation of

Book debts

20.00 20.00 March-22 Hypothecation of

Book debts

Sub- Total 45.00 38.75

State Bank of

India 50.00 45.00

January-23

Hypothecation of

Book debts &

pledge FD Rs. 450

lacs

Sub- Total 50.00 45.00



30

Nabsamruddhi

Finance Limited

10.00 5.00 July-21

Hypothecation of

Book debts &

pledge of 2.5% FD

Rs. 25 lacs

11.00 10.08 November-

22


pledge of 2.5% FD

Rs. 27.5 lacs

Sub- Total 21.00 15.08

WaterCredit

investment fund 9.50 9.50

June-21

Hypothecation of

Book debts

Sub- Total 9.50 9.50

Actiam IMF III

21.50 10.46 January-22 Hypothecation of

Book debts

- 11.04 January-22 Hypothecation of

Book debts

Sub- Total 21.50 21.50

MUDRA


21

Hypothecation of

Book debts &

Pledged of 5% FD

Rs.125 Lacs

100.00 41.40 July-22

Hypothecation of

Book debts &

Pledged of 5% FD

Rs.250 Lacs

- 41.40 July-22

Hypothecation of

Book debts &

Pledged of 5% FD

Rs.250 Lacs

Sub- Total 150.00 94.12

Cash Credit

from State

Banks of India

CC 5.00 4.82

Renewable

annually

10% FDR of Rs. 50

lacs and

Hypothecation of

Book debts

Sub- Total 5.00 4.82

Grand Total 2,307.

00 1498.52



31

B. Details of Unsecured Loan Facilities as on June 30, 2020:

(in Cr.)

Lender’s Name Type of

Facility

Amount

sanctioned

Principal

Amount O/S

Repayment Date/

Schedule

Dia Vikas capital

Pvt.ltd

Sub Debt 20.01 20.01 In 2 (two)

instalment on Jan

2022 and April

2022.

C. Details of Non-Convertible Debentures as on June 30, 2020:

D. List of Top 10 Debenture Holders (as on June 30, 2020):

S. No. Name of Debenture Holders Amount (Rs. Cr)

1 NA NA

Note: Top 10 holders’ (in value terms, on cumulative basis for all outstanding debentures issues) details

should be provided.

E. The amount of corporate guarantee issued by the Issuer along with name of the

counterparty (like name of the subsidiary, JV entity, group-company, etc) on behalf of

whom it has been issued. (if any):

NIL

F. Details of Commercial Paper:

NIL

G. Details of rest of the borrowing (if any including hybrid debt like FCCB, Optionally

Convertible Debentures / Preference Shares) as on June 30, 2020:

NIL

H. Details of all default/s and/or delay in payments of interest and principal of any kind of

term loans, debt securities and other financial indebtedness including corporate

guarantee issued by the Company, in the past 5 years:

NIL

Deben

ture

Series

Tenor/P

eriod of

Maturit

y

Coupon

(Rate of

Interest)

Amount Date

of

allotm

ent

Redemp

tion on

Date/

Schedul

e

Credit

Rating

Secure

d/

Unsecu

red

Security

NA NA NA NA NA NA NA NA NA



32

I. Details of any outstanding borrowings taken / debt securities issued where taken / issued

(i) for consideration other than cash, whether in whole or part, (ii) at a premium or

discount, or (iii) in pursuance of an option:

NIL

5.10 Details of Promoters of the Company:

A. Details of Promoter Holding in Company as on June 30, 2020:

Name of the

shareholders

Total No of

Equity

shares

No. of

shares in

Demat

form

Total

shareholding

as % of total

no of equity

shares

No of

shares

Pledged

% of

shares

pledged

with

respect

to

shares

owned

CASHPOR Financial and

Technical Services

Private Limited

53,89,993 NA 0.99999870 Nil Nil

5.11 Abridged version of the Audited Consolidated and Standalone Financial Information

(like Profit and Loss statement, Balance Sheet and Cash Flow statement) for at least

last three years and auditor qualifications, if any.

(Rs. In Cr)

Profit & Loss Statement FY 2020 FY 2019 FY 2018

Income

Income from operations 352.87 291.72 263.28

Other income 0.70 0.09 1.21

Total Income 353.57 291.82 264.49

Expenditure - - -

Employee benefit

expenses 120.49 102.32 91.99

Depreciation and

amortisation expenses 1.49 3.24 0.81

Operating and Other

expenses 45.59 35.85 32.86

Total Expenditure 167.57 141.42 125.67

Operating Profit before

Interest 185.99 150.40 138.82

Financial expenses 137.69 110.07 106.90

Operating profit after

Interest 48.30 40.33 31.93

Prior period

adjustments: - - -

Profit before tax 48.30 40.33 31.93



33

Tax expense - - -

Profit after tax 48.30 40.33 31.93

Retained Profit

(Excluding current year) 166.21 131.26 99.34

Balance Sheet

LIABILITIES - - -

Current liabilities - - -

Short term borrowings - - -

Other current liabilities 910.01 746.40 637.48

Short term provisions 35.46 26.40 20.38

Total Current Liabilities 945.47 772.81 657.86

Non-current liabilities - - -

Long term borrowings 677.18 421.80 432.09

Long term provisions 5.45 4.37 1.35

Total Non-current

liabilities 682.64 426.17 433.44

Total Liabilities 1,628.10 1,198.98 1,091.30

Share capital 0.10 0.10 0.10

Reserves and surplus 261.94 207.20 163.02

Net Worth 262.03 207.30 163.12

Total Equity &

Liabilities 1,890.14 1,406.27 1,254.42

ASSETS - - -

Current assets - - -

Cash and bank balances 303.02 241.95 240.05

Investments - - -

Loan portfolio 1,146.25 848.65 695.90

Short-term loans and

advances 10.72 5.65 14.37

Other current assets 28.95 16.24 16.73

Total Current Assets 1,488.94 1,112.49 967.06

Non-current assets - - -

Fixed assets - - -

(i) Tangible assets 2.06 2.05 2.00

(ii) Intangible assets 0.08 0.16 0.13

Fixed Assets - Net Block 2.14 2.21 2.14

Long term loans and advances

352.62 265.99 251.38



34

Other non-current assets 46.44 25.59 33.84

Total other non-current

Assets 399.06 291.57 285.23

Total Assets 1,890.14 1,406.27 1,254.42

Off- Balance Sheet: - - -

Managed Portfolio

(Asset) 1,446.99 1,092.26 867.88

Cash Flow Statement

Cash Flows from

Operating Activities - - -

Surplus before taxation 48.30 40.33 31.93

Adjustments for: - - -

Depreciation and

amortisation 1.49 3.24 0.81

Provisions and write

offs on loan portfolio 9.83 9.22 16.20

Provision for gratuity - - -

Loss on sale of assets 0.01 0.11 0.00

Income from mutual

funds - - -

Interest income from

deposits - - -

Reserve utilised for

credit plus activities - - -

Reserve for financial

literacy activity of clients - - -

Transfer from capital

reserve - - -

Unrealised loss on

foreign currency

transaction

- - -

Operating cash flows

before working capital

changes and other assets

59.63 52.89 48.94

(Increase) / decrease in

loan portfolio (386.15) (157.67) (134.88)


long term loans and

advances

- - -


loans and advances (0.29) 2.63 1.31


other current assets (15.57) (3.52) (3.78)


other non-current assets - - -

Increase / (decrease) in current liabilities

21.97 9.22 (0.35)

Net cash used in

operating activities (320.41) (96.44) (88.76)

Cash flows from

investing activities - - -



35

Purchase of fixed assets (1.44) (3.46) (0.60)

Proceeds from sale of

fixed assets 0.01 0.04 0.01

(Purchase)/sale of

investments, net - - -

Interest income from

deposits - - -

Income from mutual

funds - - -

Investment in long term

deposits with maturity

of more than

three months

(18.94) (11.88) (12.02)

Net cash provided by

investing activities (20.38) (15.30) (12.62)

Cash flows from

financing activities - - -

Proceeds / (repayment) of

unsecured loans, net - - -

Proceeds from long term

borrowings, net 397.32 89.65 156.93

Increase in un-utilised

grants 6.44 3.86 17.47

Net cash provided by

financing activities 403.76 93.51 174.40

Net increase in cash and

cash equivalents 62.97 (18.24) 73.02

Cash and cash equivalents at the beginning of the

year

199.44 217.68 144.66

Cash and cash

equivalents at the end of

the year

262.42 199.44 217.68

The relevant information is furnished in Annexure IV of the Information Memorandum.

5.12 Abridged version of Latest Audited/ Limited Review Half Yearly Consolidated and

Standalone Financial Information (like Profit and Loss statement, Balance Sheet) and

auditors’ qualifications, if any:

Since the half year for the current financial year has not expired therefore the Issuer has

provided audited data for the financial year ending on March 31, 2020 as given in para 5.11

above.

5.13 Any material event/ development or change having implications on the financials/credit

quality (e.g. any material regulatory proceedings against the Issuer/promoters, tax

litigations resulting in material liabilities, corporate restructuring event etc) at the time

of Issue which may affect the issue or the Investor’s decision to invest / continue to invest

in the debt securities. -

NIL



36

5.14 Names of the Debentures Trustees and Consents thereof and copy of the consent letter

shall be disclosed -

The Debenture Trustee of the proposed Debentures is IDBI Trusteeship Services Limited.

IDBI Trusteeship Services Limited has given its written consent for its appointment as

debenture trustee to the Issue and inclusion of its name in the form and context in which it

appears in this Information Memorandum and in all the subsequent periodical

communications sent to the Debenture Holders. The consent letter from Debenture Trustee

is provided in Annexure II of this Information Memorandum.

5.15 Rating Rationale(s) adopted (not older than one year on the date of opening of the

Issue)/ credit rating letter issued (not older than one month on the date of opening of

the Issue).

The Rating Agency has assigned ratings of “ACUITE A” with “stable” outlook to the

Debentures. Instruments with this rating are considered to have adequate degree of safety

regarding timely servicing of financial obligations. Such instruments carry low credit risk.

5.16 If the security is backed by a guarantee or letter of comfort or any other document /

letter with similar intent, a copy of the same shall be disclosed. In case such document

does not contain detailed payment structure (procedure of invocation of guarantee and

receipt of payment by the investor along with timelines), the same shall be disclosed in

the offer document.

Not applicable as there is no guarantee or letter of comfort being provided with the security.

5.17 Names of all the recognized stock exchanges where the debt securities are proposed to

be listed indicating the designated stock exchange:

The Debentures are proposed to be listed on the WDM segment of the BSE Limited. The

Issuer shall comply with the requirements of the listing agreement for debt securities to the

extent applicable to it on a continuous basis. The in-principle approval of the BSE has been

obtained in this regard.

5.18 Other details:

A. Debenture Redemption Reserve Creation:

The Issuer hereby agrees that it would create and maintain a Debenture Redemption Reserve

(if applicable) in accordance with Rule 18(7) of the Companies (Share Capital and

Debenture) Rules, 2014, as amended from time to time and other Applicable Law, and if

during the currency of these presents, any guidelines are formulated (or modified or revised)

by any governmental authority under Applicable Law in respect of creation of the Debenture

Redemption Reserve, the Issuer shall (if applicable abide by such guidelines and execute all

such supplemental letters, agreements and deeds of modifications as may be required by the

Debenture Trustee and shall also cause the same to be registered, where necessary.

B. Issue / instrument specific regulations:

The Issue of Debentures shall be in conformity with the applicable provisions of the

Companies Act including the notified rules thereunder, the SEBI Debt Listing Regulations,



37

the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing

Regulations”) and the applicable RBI guidelines.

C. Application process:

The application process for the Issue is as provided in SECTION 9: of this Information

Memorandum.

5.19 Issue Details

A. Common Terms and Conditions of the Debentures

Security Name Please refer to Section 5.19B of this Information Memorandum, titled

“Specific Terms And Conditions In Connection With Each Series Of

Debentures”

Issuer CASHPOR Micro Credit

Type of

Instrument

Non-Convertible Debentures

Nature of

Instrument

Secured Rated Listed Redeemable Transferable Non-Convertible

Debentures

Seniority Senior

Mode of Issue Private placement

Eligible/Identified

Investors

As provided in Clause 1010.14 below

Listing (including

name of stock

Exchange(s) where

it will be listed and

timeline for listing)

The Debentures are proposed to be listed on the WDM segment of the BSE

within a maximum period of 15 (Fifteen) calendar days from the Deemed

Date of Allotment.

In case of delay in listing of the debt securities under any Series beyond 15 (Fifteen) calendar days from the Deemed Date of Allotment, the Issuer will

pay penal interest of 2% (Two Percent) over the Coupon Rate under such

Series from the expiry of 30 (Thirty) days from the Deemed Date of Allotment till the listing of such Debentures

Rating of

Instrument

“ACUITE A” with “stable” outlook by ACUITE Ratings & Research Ltd

Issue Size (i) Private Placement of Series 1 Debentures amounting Rs.

100,00,00,000/- (Rupees One Hundred Crores only)

(ii) Private Placement of Series 2 Debentures amounting Rs.

25,00,00,000/- (Rupees Twenty Five Crores only) with a green shoe option of upto Rs. 75,00,00,000/- (Rupees Seventy Five

Crores only) aggregating to Rs. 100,00,00,000/- (Rupees One

Hundred Crores only)

Option to retain

oversubscription

Please refer to Section 5.19B of this Information Memorandum, titled


Debentures”

Objects of the

Issue To raise senior secured debt to the extent upto Rs. 200,00,00,000/- (Rupees

Two Hundred Crores only) in the manner specified herein.

Details of the

utilization of the Issue proceeds will be utilized for following purposes:



38

Proceeds • General corporate purpose for the ordinary course of business.

• Repayment / refinancing of existing debt of the Issuer

• Onward lending to below poverty line borrowers

Provided however, no part of the Issue proceeds would be utilized

directly/indirectly towards investment in equity capital markets or land

acquisition or speculative purpose or any other purpose prohibited by

applicable law.

Coupon

Rate/Coupon



Debentures”

Step Up Coupon

Rate / Step Down

Coupon Rate

NA

Coupon Payment

Frequency



Debentures”

Coupon Payment

Dates Please refer to Section 5.19B of this Information Memorandum, titled


Debentures”

Coupon Type Please refer to Section 5.19B of this Information Memorandum, titled

“Specific Terms And Conditions In Connection With Each Series Of Debentures”

Coupon Reset Date NA

Coupon Reset

Process (including

rates, spread,

effective date,

interest rate cap

and floor etc).

NA

Day Count Basis Actual/ Actual

Interest on

Application

Money

Interest on the Application Money will accrue at the Coupon Rate

Default Interest

Rate

In case of default in monies due and payable in connection with the

Debentures under any Series on the respective Due Dates, the defaulted

amount thereof shall carry Default Interest, at 2% (Two Percent) per annum over and above the relevant Coupon rate, from the date of the occurrence of

the default until the default is cured or the Debentures under such Series are

redeemed pursuant to such default, as applicable.

Further, in the event that the security for the Debentures are not created and

perfected within a maximum period of 90 (Ninety) calendar days from the

Deemed Date of Allotment, the Issuer will be required to make payment of

default interest at the rate of 2% (Two Percent) per annum, which shall be

paid over and above the relevant Coupon rate for the period until the

creation of security for the Debentures.

In case of delay in listing of the Debentures under any Series beyond 15

(Fifteen) days from the Deemed Date of Allotment, the Issuer will make



39

payment to the Debenture Holders under such Series of penal interest

calculated on the face value of the Debentures at the rate of 2% (Two Percent) per annum which shall be payable over and above the relevant

Coupon rate from the expiry of 30 (Thirty) days from the Deemed Date of

Allotment until the listing of such Debentures.

Tenor Please refer to Section 5.19B of this Information Memorandum, titled “Specific Terms And Conditions In Connection With Each Series Of

Debentures”

Redemption Date/

Maturity Date



Debentures”

Principal Payment

Date(s)



Debentures”

Redemption

Amount

Rs. 10,00,000/- (Rupees Ten Lakh only) per Debenture.

Further, the aforesaid amount would be payable with the Coupon, the

Default Interest (if any), and other such costs, charges and expenses if any,

payable on the Due Date(s) under the Transaction Documents.

Redemption

Premium/

Discount

NA

Issue Price Rs. 10,00,000/- (Rupees Ten Lakhs only) per Debenture

Discount at which

security is issued

and the effective

yield as a result of

such discount

NA

Put Option Date NA

Put Option Price NA

Call Option Date NA

Call Option Price NA

Put Notification

Time

NA

Call Notification

Time

NA

Face Value Rs 10,00,000/- (Rupees Ten Lakhs only) per Debenture

Minimum

Application size

and in multiples of

1 thereafter

10 (Ten) Debentures

Issue Timing Issue Opening Date: September 28, 2020

Issue Closing Date: September 28, -2020

Pay-in Dates: September 29, 2020

Deemed Date of Allotment: September 29, 2020

Issuance mode of Demat only



40

the Instrument

Trading mode of

the Instrument

Demat only

Settlement mode of

the Instrument

RTGS

Depositories NSDL or CDSL

Business Days Any day of the week (excluding Saturdays, Sundays and any other day which is a ‘public holiday’ for the purpose of Section 25 of the Negotiable

Instruments Act, 1881 (26 of 1881)) on which banks are normally open for

business in Mumbai “Business Days” shall be construed accordingly

Business Day

Convention

Subject to the SEBI circular bearing reference number CIR/IMD/DF-

1/122/2016 dated November 11, 2016 issued by SEBI, as modified, amended or supplemented from time to time:

If any Coupon Payment Date or the Principal Payment Date or the due date

for the performance of any event falls on a day that is not a Business Day,

the payment shall be made on the immediately succeeding Business Day.

If the Maturity Date (also being the last Coupon Payment Date and the last

Principal Payment Date) of the Debentures falls on a day that is not a

Business Day, the redemption proceeds shall be paid on the immediately preceding Business Day.

Record Date The date which will be used for determining the Debenture Holders who

shall be entitled to receive the amounts due on any Due Date, which shall

be the date falling 15 (Fifteen) days prior to any Due Date.

Security

(Including

description, type of

security, type of

charge, likely date

of creation of

security, minimum

security cover,

revaluation,

replacement of

security, interest to

the debenture

holder over and

above the coupon

rate as specified in

the Trust Deed and

disclosed in the

Offer Document)


“Specific Terms And Conditions In Connection With Each Series Of Debentures”



41

Transaction

Documents

The documents executed in relation to the issue of the Debentures and the

creation of the Security and shall include the Information Memorandum, the Trustee Agreement, the Deed of Hypothecation, the Debenture Trust Deed

and any other document that may be designated by the Debenture Trustee

as a Transaction Document.

Representation

and Warranties

The Issuer hereby represents and warrants and such representations and

warranties as customary for transaction of a similar nature and size shall be included in the relevant Transaction Documents including but not limited

to:

(a) It has been duly incorporated, organized and are validly existing, under

Applicable Law.

(b) It has the corporate power, authority and all permits, approvals,

authorizations, licenses, registrations, and consents including

registrations, to own and operate their respective assets and to carry on

their respective business in substantially the same manner as it is

currently conducted.

(c) It has not taken any action nor has any order been passed for their insolvency resolution, bankruptcy, winding-up, dissolution or re-

organisation or for the enforcement of any security over their

respective assets or for the appointment of a liquidator, supervisor,

receiver, administrator, administrative receiver, compulsory manager,

trustee, resolution professional or other similar officer for them or in

respect of their respective assets.

(d) It is in compliance with all Applicable Law for the performance of its

obligations with respect to this Issue and as shall be set out in the

Transaction Documents including the applicable regulations of RBI and SEBI in relation to the Issue.

(e) It has the legal right, power and authority to issue the Debentures and

enter into, deliver and perform the Transaction Documents and all other documents and instruments required to be executed pursuant

thereto or in connection therewith, and such documents, when

executed, will constitute valid and binding obligations and be

enforceable against the Issuer in accordance with their respective

terms.

(f) It represents that all consents, and actions of, filings with and notices

to any governmental authority as may be required to be obtained by the

Issuer in connection with the execution, delivery and performance by

the Issuer of the Transaction Documents, and creation of the security interest, have been or will be obtained.

Conditions

Precedent to

Disbursement

Following documents will be required to be submitted to the Debenture

Trustee as condition precedent to the issue of the Debentures:

1. The Issuer to deliver to the Debenture Holders, a certified true copy of the Issuer’s constitutional documents and Certificate of Incorporation,

as amended up-to-date;

2. The Issuer to deliver to the Debenture Holders, a certified true copy of the resolution of the Board of Directors of the Issuer authorizing the

issue of Debentures as also execution of the necessary documents in that

behalf; 3. The Issuer to deliver to the Debenture Holders, a certified true copy of

the resolution of the shareholders of the Issuer under Section 42 of the

Act;

4. Consent letter from the Debenture Trustee conveying its consent to act

as the trustee for the benefit of the Debenture Holders;

5. Receipt of credit rating from the Rating Agency, assigning a minimum



42

rating of ‘ACUITE A’ to the Debentures;

6. Letter from BSE conveying its in-principle approval for listing of the Debentures;

7. Issuance of the Information Memorandum and execution of the

Debenture Trustee Agreement;

8. Any other condition precedent as may be set out in the Debenture Trust

Deed.

Conditions

Subsequent to

Disbursement

1. Completion of listing of Debentures on BSE within 15 (Fifteen)

calendar days from the Deemed Date of Allotment;

2. Execution of the Deed of Hypothecation and Debenture Trust Deed

within 60 (Sixty) calendar days from the Deemed Date of Allotment;

3. Filing of the relevant forms with the Registrar of Companies (“ROC”)

for the perfection of charge over the Secured Property within and no

later 30 (thirty) calendar days from the date of execution of the Deed of

Hypothecation;

4. Filing the return of allotment of securities under Form PAS-3 of the

Companies (Prospectus and Allotment of Securities) Rules, 2014 with the ROC within 15 (Fifteen) days from the Deemed Date of Allotment;

5. Any other condition subsequent as may be set out in the Debenture Trust

Deed.

Events of Default Event of default shall include events customary to transaction of this nature

including but not limited to the following:

1. Failure on the part of the Issuer to forthwith satisfy all or any part of

Debenture or otherwise under the Transaction Documents when it

becomes due;

2. Breach of any representations and/or warranties or covenants or

contained in any Transaction Document;

3. If the Transaction Documents or any part thereof ceases, for any reason

whatsoever, to be valid and binding or in full force and effect;

4. The security interests created as per the terms of Deed of Hypothecation

being jeopardized or endangered in any manner whatsoever, including on account of the security interest becoming unlawful, invalid or

unenforceable, or any other obligations purported to be secured thereby

or any part thereof shall being disaffirmed by or on behalf of the Issuer or any other party thereto.

5. Any creditor of the Issuer becomes entitled to declare any Financial

Indebtedness of the Issuer before its specified maturity as a result of an

event of default (however described);

6. Any action, voluntary or involuntary, taken under IBC or other similar

law against the Issuer, including filing of any application or petition for

corporate insolvency resolution against or by the Issuer;

7. If the Issuer commences a voluntary proceeding under any applicable

bankruptcy, insolvency, winding up or other similar law now or hereafter in effect, or admits inability to pay its respective debts as they

fall due, or consents to the entry of an order for relief in an involuntary

proceeding under any such law, or consents to the appointment of or the taking of possession by a receiver, liquidator, assignee (or similar

official) for any or a substantial part of its respective property;

8. Any event or any series of events occur, which, in the opinion of the Debenture Trustee, causes a Material Adverse Effect.

Provisions related

to Cross Default

Clause

(i) any Financial Indebtedness of the Issuer is not paid when due and the

applicable cure period has lapsed without the Issuer remedying the same; or



43

(ii) any Financial Indebtedness of the Issuer is declared or otherwise

becomes due and payable before its specified maturity as a result of an event of default.

Consequences of

Event of Default On and at any time after the occurrence of an Event of Default the Debenture

Trustee shall if so, directed by any Debenture Holder(s):

1. accelerate the redemption of the Debentures and declare by way of a

written notice that the Debenture obligations have become due and payable, whereupon they shall become due and payable within 7

(Seven) Business Days of receipt of a written notice in this regard by

the Company from the Debenture Trustee;

2. exercise any other right that the Debenture Trustee and / or Debenture

Holder(s) may have under the Transaction Documents or under Indian

law.

Role and

Responsibilities of

Debenture Trustee

To oversee and monitor the overall transaction for and on behalf of the

Debenture Holders.

Covenants

The covenants customary to transaction of this nature including but not limited to the following:

1. The Issuer shall perform all of its respective obligations under the terms

of the applicable Transaction Documents and maintain in full force and

effect each of the Transaction Documents to which it is a party 2. The Issuer shall utilise the monies received upon subscription to the

Debentures solely towards the purpose as specified herein above.

3. The Issuer shall at all times act and proceed in relation to its affairs.

4. The Company shall comply with all laws, rules, regulations and

guidelines (including the Act) as applicable in respect to the Issue, and

obtain such regulatory approvals as may be required from time to time,

including but not limited, in relation to the following (i) the Securities

and Exchange Board of India (Issue and Listing of Debt Securities)

Regulations, 2008, as may be in force from time to time during the

currency of the Debentures; (ii) the provisions of the listing agreement entered into by the Company with the stock exchange in relation to the

Debentures including the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, (iii) Partial Credit Guarantee Scheme and (iv) the Companies (Prospectus and Allotment of Securities) Rules,

2014 and the other notified rules under the Act;

5. The Issuer shall not without the prior written approval of the Debenture

Trustee wind up, liquidate or dissolve its affairs unless such liquidation

takes place in connection with a merger, consolidation or any other form

of combination of the Company with another company and the resulting

entity or company assumes all obligations with respect to the

Debentures;

6. The Issuer shall not enter into any compromise or arrangement or settlement generally with the secured creditors of the Issuer without the

prior written consent of the Debenture Trustee.

7. The Issuer shall provide / cause to be provided information in respect of the following within a maximum of 7 (Seven) calendar days from the

occurrence of such event (unless otherwise specifically provided):

(i) Notify the Debenture Trustee in writing of any notice of any application for liquidation or winding up having been made or

receipt of any statutory notice of winding up under the provisions

of the Act.

(ii) Notify the Debenture Trustee in writing if it becomes aware of any



44

fact, matter or circumstance which would cause any of the

representations and warranties under any of the Transaction Documents to become untrue or inaccurate or misleading in any

material respect.

(iii) Notify the Debenture Trustee in writing of any event which

constitutes an Event of Default, specifying the nature of such event

and any steps the Issuer is taking and proposes to take to remedy

the same.

8. Submission of a certificate from an independent chartered account

regarding the utilisation of the proceeds raised from the issuance of the

Debentures, within a maximum period of 30 (Thirty) days from each

Deemed Date of Allotment

Illustration of

Bond Cashflows

Kindly refer to Annexure V of this Information Memorandum

Governing Law The Debentures and documentation will be governed by and construed in

accordance with the laws of India and the parties submit to the exclusive

jurisdiction of the courts in Mumbai. Provided that the Debenture Trustee,

may, however, in its absolute discretion, commence any proceedings arising

out of the Debentures and Transaction Documents in any other court or

tribunal in India, and the Issuer irrevocably submits to and accepts for itself

and in respect of its property, generally and unconditionally, the jurisdiction of such court or tribunal, and the Issuer irrevocably waives any objection it

may have now or in the future to the laying of the venue of any proceedings

and any claim that any such proceedings have been brought in an

inconvenient forum.

B. Specific Terms and Conditions in connection with each Series of NCDs

Security Name 10% CASHPOR Micro Credit

Tranche 1 NCDs-Series 1 2022

10% CASHPOR Micro Credit

Tranche 2 NCDs-Series 2, 2022

Size of the Series Rs. 100,00,00,000 (Rupees One

Hundred Crores only)

Rs. 25,00,00,000 (Rupees Twenty

Five Crores only) with green shoe

option to retain oversubscription of

an amount of up to Rs.

75,00,00,000 (Rupees Seventy Five

Crores only) aggregating to

Rs.100,00,00,000/-( Rupees One

Hundred Crores Only)

Option to retain

oversubscription

NA Green shoe option to retain

oversubscription of an amount of

up to Rs. 75,00,00,000 (Rupees

Seventy Five Crores only)

aggregating to Rs.100,00,00,000/-(

Rupees One Hundred Crores Only)

Minimum Application 10 (Ten) Series 1 Debenture and in

multiples of 1 (One) Series 1

Debenture

10 (Ten) Series 2 Debenture and in

multiples of 1 (One) Series 2

Debenture



45

Security (Including

description, type of

security, type of charge,

likely date of creation of

security, minimum

security cover,

revaluation, replacement

of security, interest to the

debenture holder over

and above the coupon

rate as specified in the

Trust Deed and disclosed

in the Offer Document)

The Issue shall be secured by an exclusive first ranking charge by way of

hypothecation over specific loan receivables / book debts, present and

future, representing amounts due from the various borrowers of the

Company at all times to the extent equal to an amount aggregating to the

total outstanding in relation to the Issue (“Secured Property”) created by

the Issuer in favour of the Debenture Trustee (for the benefit of the Debenture Holders) such that the value of security shall be equal to 1.10

times the aggregate amount of principal outstanding of the Debentures

(“Asset Cover”). The Issuer undertake:

(a) to maintain the value of the Asset Cover at all times till the

obligations under the Issue are discharged; (b) to create the security over the Secured Property by executing a duly

stamped deed of hypothecation (“Deed of Hypothecation”) within

a period of 60 (Sixty) Business Days from the Deemed Date of

Allotment.

(c) to perfect the security created over the Secured Property by filing

the relevant form with the Registrar of Companies immediately

and no later than 30 (Thirty) calendar days from the date of

execution of the Deed of Hypothecation.

(d) in the event of any fall in the Asset Cover, additional Secured Property shall be taken in the manner as provided for in the Deed

of Hypothecation.

To provide a list, on a monthly basis, of specific loan receivables /

identified book debt to the Debenture Trustee and over Debenture Holders

over which charge is created and subsisting by way of hypothecation in

favour of the Debenture Trustee (for the benefit of the Debenture Holders

under each Series) and sufficient to maintain the Asset Cover.

Coupon Rate 10% (Ten Percent) per annum payable on a semi-annual basis on each of

the Coupon Payment Dates.

Step Up/ Step Down

Coupon Rate

N.A.

Coupon Payment

Frequency

Semi-annually, on the Coupon Payment Dates

Coupon payment dates As set out in Annexure V of this Information Memorandum

Coupon Type Fixed

Coupon Reset Date N.A.

Coupon Reset Process

(including rates, spread,

effective date, interest

rate cap and floor etc.)

N.A.

Tenor 18 months from the Deemed Date of Allotment

Redemption Date/

Principal Payment Date

The Debentures under Series 1

shall be redeemed by way of a

bullet repayment on March 29,

2022 subject to early redemption/

acceleration pursuant to Event of

Default.

The Debentures under Series 2

shall be redeemed on quarterly

basis in 3 (three) equal

installments. The Principal

Repayment Dates for Series 2

Debentures are identified in

Annexure V of this Information

Memorandum



46

Redemption Amount Rs. 10,00,000/- (Rupees Ten Lakh only) per Debenture under each Series

along with Coupon payable on the Redemption Date.

Issue Price Rs. 10,00,000/- (Rupees Ten Lakh only) per Debenture under each Series.

Discount at which

security is issued and the

effective yield as a result

of such discount

N.A.

Put Date N.A.

Put Event N.A.

Put Option N.A.

Put Price N.A.

Call Date N.A.

Call Event N.A.

Call Option N.A.

Call Price N.A.

Put Notification Time N.A.

Call Notification Time N.A.

Face Value Rs. 10,00,000/- (Rupees Ten Lakh only) per Debenture under each Series

Note:

1. The list of documents which has been executed or will be executed in connection with the issue

and subscription of debt securities shall be annexed.

2. The penal interest rates mentioned above as payable by the Issuer are independent of each other.



47

SECTION 6: DISCLOSURES PERTAINING TO WILFUL DEFAULT

In case of listing of debt securities made on private placement, the following disclosures are required

to be made vide SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations, 2016 w.e.f.

25-05-16:

A. Name of the Bank declaring the entity as a Wilful Defaulter: NA

B. The year in which the entity is declared as a Wilful Defaulter: NA

C. Outstanding amount when the entity is declared as a Wilful Defaulter: NA

D. Name of the entity declared as a Wilful Defaulter: NA

E. Steps taken, if any, for the removal from the list of wilful defaulters: NA

F. Other disclosures, as deemed fit by the Issuer in order to enable investors to take informed

decisions: NA

G. Any other disclosure as specified by the Board: NA



48

SECTION 7: DISCLOSURES UNDER THE COMPANIES ACT

FORM NO. PAS – 4

PRIVATE PLACEMENT OFFER LETTER

(Pursuant to Section 42 and Rule 14(3) of Companies (Prospectus and Allotment of Securities)

Rules, 2014)

7.1 General Information:

A. Name, address, website and other contact details of the Company, indicating both

registered office and the Corporate office:

Issuer / Company : CASHPOR Micro Credit

Registered Office : S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center,


Corporate Office S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center,


Telephone No. : +91 542 2505590/92

Contact Person : CS Jyoti Khatri

Email : [email protected]

Website : www.cashpor.in

B. Date of Incorporation of the Company:

December 10, 2002

C. Business carried on by the Company and its subsidiaries with the details of branches or

units, if any:

CASHPOR Micro Credit is a Not for Profit Company, which is registered under Section-25

of the Indian Companies Act 1956. It is a poverty focused institution that provides

microfinance exclusively to Below Poverty Line women. The details of branches or unit is

annexed to this Information Memorandum and marked as Annexure IX.

D. Brief particulars of the management of the Company:

The Company is run by board of directors and the details of the directors are set out in

Clause 7.1 (E) below.



49

E. Name, address, DIN and occupations of the directors:

Sr. No. Name DIN Designati

on

Address Occupation

1. Mr. David

Sprague

Gibbons

01238730 Nominee

Director

Kampung Kolam Air

Pantai Seremban Negeri

Sembilan Malaysia

71770

Social

Service

2. Mr. Mukul

Jaiswal

02696656 Managing

Director

Chuppepur, Shivpur,

Central Jail Road,

Bhojubeer Varanasi

Uttar Pradesh India

221003

Chartered

Accountant

3. Mr. Abhijit

Sen

00002593 Director A 92, Grand Paradi, 572

Dadyseth Hill August

Kranti Marg Near

Kemps Corner Mumbai

Maharashtra India

400036

Directorship

4. Mr. Bahram

Navroz Vakil

00283980 Nominee

Director

Flat no 2 grd floor Wadia

House 22 Hughes Road

5 Khareghat Colony,

Lawyer

5. Ms. Moumita

Sen Sarma

00481775 Nominee

Director

1/157, Ishana Vihar,Isha

Yoga Center, Velliangiri

Foothills,Ikkaraiboluva

mpatty, Coimbatore

Tamil Nadu India

641114

Chartered Accountant

6. Mr. Suhail

Chander

06941577 Nominee

Director

1045 Hubert Road

94610-2520 Oakland

CA, USA

Private

sector

service

7. Mr. Saneesh

Singh

02254868 Nominee

Director

Flat No. 224, Dlf Park

Place, Dlf City Phase -5,

Gurgaon Sector 56

Gurgaon, Haryana India

122011

Private

sector

service

8. Mr. Rajiv

Kumar

06831395 Nominee

Director,

SIDBI

C/o Dr. R K Sachan, 2,

Dwarikapuri colony, Old

Picnic Spot Road,

Sector-8, Indira nagar

Lucknow Uttar Pradesh

India - 226016

Service



50

9. Mr.

Sudarshan

Sen

03570051 Additiona

l Director

52 Vikas Bldg, 31

Pedder Road Mumbai,

Maharashtra- 400026

Retired

Government

Official

F. Management perception of Risk Factors:

Please refer to Section 3 of this Information Memorandum.

G. Details of defaults, if any, including the amounts involved, duration of default, and

present status, in repayment of:

Sr. No. Particulars Default Amount

1. Statutory Dues NIL

2. Debenture and interest thereon NIL

3. Deposits and interest thereon NIL

4. Loans from banks and financial institutions and interest

thereon NIL

H. Name, designation, address and phone number, email ID of the nodal / compliance

officer of the Company, if any, for the Issue:

Name of

Nodal/Compliance

officer

Designation Address Phone No. Email ID

CS Jyoti Khatri

(Membership No.58645)

Assistant

Company Secretary

S-8/107, 107-A-1,

2nd Floor, Varanasi Trade Center,

Khajuri, Maqbool

Alam Road, Varanasi- 221002

+91 6392794033 bs@CASHPO

R.in

I. Any default in annual filing of the Company under the Companies Act, 2013, or the

rules made thereunder-

The company has not defaulted in annual filing under the Companies Act, 2013, or the rules

made thereunder

7.2 Particulars of the Offer:

Financial position of the Company for

the last 3 financial years

Please refer to Annexure IV of this Information

Memorandum.

Date of passing of Board Resolution Resolution passed by the Board of Directors of the Issuer

on September 08, 2020

Copies of the said board resolutions are collectively

annexed hereto and marked as Annexure VI

Date of passing of resolution in The shareholders resolution under Section 42 of the Act is



51

general meeting, authorizing the offer

of securities

dated September 11, 2020.

A copy of the said shareholders’ resolutions (under both

Section 42 and Section 180 of the Act) is collectively annexed hereto and marked as Annexure VII

Kinds of securities offered (i.e.

whether share or debentures) and

class of security; the total number of

shares or other securities to be issued

Rated, Redeemable, Listed, Secured, Transferable, Non-

Convertible Debentures

Price at which the security is being

offered, including premium, if any,

along with justification of the price

The Debentures are being issued at face value of Rs.

10,00,000/- (Rupees Ten Lakhs only) each at par.

The pricing of the Debentures has been arrived at on the basis of prevailing market terms and conditions

Name and address of the valuer who

performed valuation of the security

offered, and basis on which the price

has been arrived at along with report

of the registered valuer

No valuation has been done with respect to the Debentures

as the Debentures represent debt obligations of the

Company, which will be repaid in full along with

applicable coupon in relation thereto.

Relevant date with reference to which

the price has been arrived at

N.A.

The class or classes of persons to

whom the allotment is proposed to be

made

Please refer to ‘Persons who may apply’ under Section 9

of this Information Memorandum

Intention of promoters, directors or

key managerial personnel to

subscribe to the offer (applicable in

case they intend to subscribe to the

offer) [not required in case of issue of

non- convertible debentures]

N.A.

The proposed time within which the

allotment shall be completed

Please refer to Cover Page

The names of the proposed allottees

and the percentage of post private

placement capital that may be held by

them

N.A.

The change in control, if any, in the

company that would occur

consequent to the private placement

N.A.

The number of persons to whom

allotment on preferential basis/

private placement / rights issue has

already been made during the year, in

terms of number of securities as well

as price

NIL

The justification for the allotment

proposed to be made for

consideration other than cash

together with valuation report of the

registered valuer.

N.A.



52

Amount, which the Company intends

to raise by way of proposed offer of

securities

(i) Private Placement of Series 1 Debentures amounting up

to Rs. 100,00,00,000/- (Rupees One Hundred Crores only) and (ii) Private Placement of Series 2 Debentures

amounting up to Rs. 25,00,00,000/- (Rupees Twenty Five

Crores only) with a green shoe option of up to Rs.

75,00,00,000/- (Rupees Seventy Five Crores only)

Terms of raising securities Duration, if applicable: 18 months

Coupon

10% p.a on the date

identified in Annexure V

Mode of Payment RTGS, electronic fund transfer or other permitted

mode

Mode of Repayment RTGS, electronic fund

transfer or other permitted mode

Proposed time schedule for which the

offer letter is valid

Please refer to Cover Page

Purpose and objects of the Issue Issue proceeds will be utilized for following purposes:

• General corporate purpose for the ordinary course of

business.

• Repayment / refinancing of existing debt of the Issuer

• Onward lending to below poverty line borrowers

Provided however, no part of the Issue proceeds would be

utilized directly/indirectly towards investment in equity

capital markets or land acquisition or speculative purpose

or any other purpose prohibited by applicable law.

Contribution being made by the

promoters or directors either as part

of the offer or separately in

furtherance of such objects

None

Principal terms of assets charged as

security, if applicable

Refer to Clause 5.19

The details of significant and material

orders passed by the Regulators,

Courts and Tribunals impacting the

going concern status of the company

and its future operations

NIL



53

The pre-issue and post-issue shareholding pattern of the Company in the following format:

Sl. No. Category

Pre-issue Post-issue

No. of

shares held

Percentage of

shareholding

No. of

shares held

Percentage of

shareholding

A Promoters’

holding

1 Indian

Individual 7 0.01 7 0.01

Bodies Corporate 53,89,993 99.99 53,89,993 99.99

Sub-total 53,90,000 100.00 53,90,000 100.00

2 Foreign

promoters

0 0 0 0

Sub-total (A) 0 0 0 0

B Non-promoters’

holding

1 Institutional

Investors

0 0 0 0

2 Non-Institutional

Investors

0 0 0 0

Private Corporate

Bodies

0 0 0 0

Directors and

relatives

0 0 0 0

Indian public 0 0 0 0

Others (including

Non-resident

Indians)

0 0 0 0

Sub-total (B) 0 0 0 0

Grand Total 53,90,000 100.00 53,90,000 100.00

7.3 Mode of payment for subscription: RTGS

7.4 Disclosure with regard to interest of directors, litigation, etc:

Any financial or other

material interest of the

directors, promoters or

key managerial

personnel in the offer and the effect of such

interest in so far as it is

different from the interests of other

persons

NA

Details of any litigation

or legal action pending or taken by any

NA



54

Ministry or Department

of the Government or a

statutory authority

against any promoter of

the offeree Company

during the last three years immediately

preceding the year of

the issue of the private placement offer cum

application letter and

any direction issued by such Ministry or

Department or statutory

authority upon

conclusion of such

litigation or legal action

shall be disclosed

Remuneration of directors (during the

current year and last

three financial years)

Name of

the

Director

Current

Year (Rs. In

Crores)

FY 2019-20

(Rs. In

Crores.)

FY 2018-19

(Rs. In

Crores.)

FY

2017-18

(Rs. In

Crores.)

David

Sprague

Gibbons,

Chairman

0.37

1.11 0.85

0.60

Mukul

Jaiswal,

Managing

Director

0.31

1.40 1.21

1.07

Prem Singh

Hooda,

Executive

Director-

Health

and

Education

Services

No remuneration

as he retired

on April 30,

2018

No

remuneration

as he retired

on April 30,

2018

No

remuneration

as he retired

on April 30,

2018

0.24

Mr.

Abhijit

Sen

0.06 0.24 0.20 0.13

Mr.

Bahram

Navroz

Vakil

0.04 0.19 0.13 .04

Ms.

Moumita 0.01 0.03 0.01 0.01



55

Sen

Sarma

Mr.

Suhail

Chander

Nil Nil Nil Nil

Mr.

Saneesh

Singh

0.02 0.09 0.07 0.04

Mr. Rajiv

Kumar

0.02 0.05 NA NA

Mr.

Sudarshan

Sen

0.06 NA NA NA

Related party

transactions entered

during the last three financial years

immediately preceding

the year of issue of private placement offer

cum application letter

including with regard to

loans made or,

guarantees given or

securities provided

Please refer to Annexure VIII for the related party transactions for the

financial years 2017, 2018 and 2019.

Summary of reservations or

qualifications or

adverse remarks of

auditors in the last five

financial years


the year of issue of

private placement offer

cum application letter and of their impact on

the financial statements

and financial position

of the Company and the

corrective steps taken

and proposed to be

taken by the Company

for each of the said

reservations or

NA



56

qualifications or

adverse remark

Details of any inquiry,

inspections or investigations initiated

or conducted under the

Companies Act, 2013

or any previous

Company law in the last

three years immediately

preceding the year of

issue of private

placement offer cum application letter in the

case of the Company

and all of its subsidiaries, and if

there were any were

any prosecutions filed (whether pending or

not), fines imposed,

compounding of

offences in the last

three years immediately

preceding the year of the private placement

offer cum application

letter and if so, section-wise details thereof for

the Company and all of

its subsidiaries

NA

Details of acts of material frauds

committed against the

Company in the last

three years, if any, and

if so, the action taken

by the Company.

NA

7.5 Financial Position of the Company:

The capital structure of the Company:

The authorised, issued,

subscribed and paid up

capital (number of

securities, description

and aggregate nominal

value)

For details in this regard, please refer to Section 5.5 (A) of this

Information Memorandum.

Size of the Present Issue (i) Private Placement of Series 1 Debentures amounting up to Rs.

100,00,00,000/- (Rupees One Hundred Crores only) and (ii) Private

Placement of Series 2 Debentures amounting up to Rs. 25,00,00,000/-

(Rupees Twenty Five Crores only) with a green shoe option of up to Rs.



57

75,00,00,000/- (Rupees Seventy Five Crores only)

Paid-up Capital:

a. After the offer:

b. After the

conversion of

convertible

instruments (if

applicable):

Rs. 5,39,00,000/-

NA

Share Premium Account:

a. Before the offer:

b. After the offer:

NIL

NIL

Details of the existing share capital of the Issuer:

Date of

Allotme

nt

No. of

Equity

Shares

Face

Value

(in

Rs)

per

share

Issu

e

Pric

e (in

Rs)

per

shar

e

Cons

idera

tion

(Cas

h,

other

than

cash,

etc.)

Natur

e of

Allot

ment

Cumulative Remark

s No. of

equity

shares

Equity

share

capital

(Rs)

Equity

Share

Premiu

m (Rs)

per

share

30.09.2

004

17,20,2

70

10 10 cash Private Place

ment

17,20,27

0

1,72,0

2,700

NIL None

30.09.20

04 12,69,7

30

10 10 cash Private

Place

ment

29,90,00

0

2,99,0

0,000

NIL None

21.01.2

006

23,90,0

00

10 10 cash Private

Place

ment

53,80,00

0

5,38,0

0,000

NIL None

17.05.2

006

9,993 10 10 cash Private

Place

ment

53,89,99

3

5,38,9

9,930

NIL None

02.08.2

006

1 10 10 cash Private

Place

ment

53,89,99

4

5,38,9

9,940

NIL None

02.08.2

006

1 10 10 cash Private Place

ment

53,89,995

5,38,99,950

NIL None

02.08.2

006


Placement

53,89,99

6

5,38,9

9,960

NIL None

02.08.2

006


Place

ment

53,89,99

7

5,38,9

9,970

NIL None



58

02.08.2

006

1 10 10 cash Private Place

ment

53,89,998

5,38,99,980

NIL None

02.08.2

006


Placement

53,89,99

9

5,38,9

9,990

NIL None

02.08.2

006


Place

ment

53,90,0

00

5,39,0

0,000

NIL None

Number and price at

which each of the

allotments were made in the last one year

preceding the date of the

private placement offer cum application letter

separately indicating the

allotments made for

consideration other than

cash and the details of

the consideration in

each case

NIL

Profits of the Company,

before and after making

provision for tax, for the

three financial years


the date of issue of the

private placement offer cum application letter

(Rs. in Crores)

Particulars FY 2018 FY 2019 FY 2020

Profit before

Tax 31.94

40.69

48.28

Profit after Tax

31.94 40.69

48.28

Dividends declared by

the Company in respect

of the said three

financial years; interest

coverage ratio for last

three years (cash profit

after tax plus interest

paid/interest paid)

(Rs. in Crores)

Particulars Rs. Rs. Rs.

FY 2018 FY 2019

FY 2020

Dividend declared

NA NA NA

Interest

coverage ratio

(on a standalone

basis)

NA NA NA

The Issuer being a company incorporated under Section 25 of the

Companies Act, 1956 and continuing under Section 8 of the Companies

Act, 2013 are prohibited from allowing of dividend and therefore this

section is not applicable.

A summary of the

financial position of the

Please refer to Annexure IV of this Information Memorandum



59

Company as in the three

audited balance sheets


the date of issue of

private placement offer

cum application letter

Audited Cash Flow

Statement for the three

years immediately

preceding the date of

issue of private

placement offer cum

application letter

Please refer to Annexure IV of this Information Memorandum

Any change in

accounting policies

during the last three

years and their effect on

the profits and the

reserves of the

Company

NIL



60

SECTION 8: APPLICANT’S DETAILS

1. Name:

2. Father’s Name:

3. Complete address including flat/ house number/ street, locality, pin code:

4. Phone number, if any:

5. Email id, if any:

6. PAN:

7. Bank account details:

Signature of the Applicant

__________________________

Initial of the officer of the Company designated to keep the record

__________________________



61

SECTION 9: DECLARATION

The Company and each of the directors of the Company hereby confirm and declare that:

a. the Company has complied with the provisions of the Act and the rules made thereunder,

including the compliances in relation to making a private placement of the Debentures;

b. the compliance with the Act and the rules does not imply that payment of dividend or interest

or repayment of Debentures, if applicable, is guaranteed by the Central Government;

c. the monies received under the Issue shall be used only for the purposes and objects indicated

in the Disclosure Document (offer letter);

I am authorized by the Board of Directors of the Company vide resolution number 10 dated September

08, 2020 to sign this form and declare that all the requirements of Companies Act, 2013 and the rules

made thereunder in respect of the subject matter of this form and matters incidental thereto have been

complied with. Whatever is stated in this form and in the attachments thereto is true, correct and

complete and no information material to the subject matter of this Disclosure Document has been

suppressed or concealed and is as per the original records maintained by the promoters subscribing to the Memorandum of Association and Articles of Association.

It is further declared and verified that all the required attachments have been completely, correctly

and legibly attached to this form.

For CASHPOR Micro Credit

Mukul Jaiswal

Designation: Managing Director

Date: September 24, 2020

Place: Varanasi



62

SECTION 10: OTHER INFORMATION AND APPLICATION PROCESS

The Debentures being offered as part of the Issue are subject to the provisions of the Act, the

Memorandum and Articles of Association of the Issuer, the terms of this Information Memorandum,

Application Form and other terms and conditions as may be incorporated in the Transaction

Documents.

10.1 Mode of Transfer/Transmission of Debentures

The Debentures shall be transferable freely; however, it is clarified that no Investor shall be entitled

to transfer the Debentures to a person who is not entitled to subscribe to the Debentures. The

Debenture(s) shall be transferred and/or transmitted in accordance with the applicable provisions of

the Act and other applicable laws. The Debentures held in dematerialized form shall be transferred

subject to and in accordance with the rules/procedures as prescribed by NSDL/ CDSL and the relevant

DPs of the transferor or transferee and any other applicable laws and rules notified in respect thereof.

The transferee(s) should ensure that the transfer formalities are completed prior to the Record Date.

In the absence of the same, amounts due will be paid/redemption will be made to the person, whose

name appears in the register of debenture holders maintained by the R&T Agent as on the Record

Date, under all circumstances. In cases where the transfer formalities have not been completed by the

transferor, claims, if any, by the transferees would need to be settled with the transferor(s) and not

with the Issuer. The normal procedure followed for transfer of securities held in dematerialized form

shall be followed for transfer of these Debentures held in dematerialised form. The seller should give

delivery instructions containing details of the buyer’s DP account to his DP.

10.2 Debentures held in Dematerialised Form

The Debentures shall be held in dematerialised form and no action is required on the part of the

Debenture Holder(s) for redemption purposes and the redemption proceeds will be paid by

cheque/fund transfer/RTGS to those Debenture Holder(s) whose names appear on the list of

beneficiaries maintained by the R&T Agent. The names would be as per the R&T Agent’s records on

the Record Date fixed for the purpose of redemption. All such Debentures will be simultaneously

redeemed through appropriate corporate action.

The list of beneficiaries as of the Record Date setting out the relevant beneficiaries’ name and account

number, address, bank details and DP’s identification number will be given by the R&T Agent to the

Issuer. If permitted, the Issuer may transfer payments required to be made in any relation by

EFT/RTGS to the bank account of the Debenture Holder(s) for redemption payments.

10.3 Trustee for the Debenture Holder(s)

The Issuer has appointed IDBI Trusteeship Services Limited to act as trustee for the Debenture

Holder(s). The Issuer and the Debenture Trustee intends to enter into the Debenture Trustee

Agreement and the Debenture Trust Deed inter alia, specifying the powers, authorities and

obligations of the Debenture Trustee and the Issuer. The Debenture Holder(s) shall, without further

act or deed, be deemed to have irrevocably given their consent to the Debenture Trustee or any of its

agents or authorized officials to do all such acts, deeds, matters and things in respect of or relating to

the Debentures as the Debenture Trustee may in its absolute discretion deem necessary or require to

be done in the interest of the Debenture Holder(s). Any payment made by the Issuer to the Debenture

Trustee on behalf of the Debenture Holder(s) shall discharge the Issuer pro tanto to the Debenture

Holder(s). The Debenture Trustee will protect the interest of the Debenture Holder(s) in regard to the

repayment of principal and coupon thereon and they will take necessary action, subject to and in

accordance with the Debenture Trustee Agreement and the Debenture Trust Deed, at the cost of the



63

Issuer. No Debenture Holder shall be entitled to proceed directly against the Issuer unless the

Debenture Trustee, having become so bound to proceed, fails to do so. The Debenture Trustee

Agreement and the Debenture Trust Deed shall more specifically set out the rights and remedies of

the Debenture Holder(s) and the manner of enforcement thereof.

10.4 Sharing of Information

The Issuer may, at its option, but subject to applicable laws, use on its own, as well as exchange,

share or part with any financial or other information about the Debenture Holder(s) available with the

Issuer, with its subsidiaries and affiliates and other banks, financial institutions, credit bureaus,

agencies, statutory bodies, as may be required and neither the Issuer nor its subsidiaries and affiliates

nor their agents shall be liable for use of the aforesaid information.

10.5 Debenture Holder not a Shareholder

The Debenture Holder(s) shall not be entitled to any right and privileges of shareholders other than

those available to them under applicable laws. The Debentures shall not confer upon the Debenture

Holders the right to receive notice(s) or to attend and to vote at any general meeting(s) of the

shareholders of the Issuer.

10.6 Modification of Debentures

The Debenture Trustee and the Issuer will agree to make any modifications in the Information

Memorandum which in the opinion of the Debenture Trustee is of a formal, minor or technical nature

or is to correct a manifest error.

Any other change or modification to the terms of the Debentures shall require approval by the

Majority Debenture Holders in the manner as provided for in the Debenture Trust Deed.

10.7 Right to accept or reject Applications

The Board of Directors/Committee of Directors reserves its full, unqualified and absolute right to

accept or reject any application for subscription to the Debentures, in part or in full, without assigning

any reason thereof.

10.8 Notices

Any notice may be served by the Issuer/ Debenture Trustee upon the Debenture Holders through

registered post, recognized overnight courier service, hand delivery or by facsimile transmission

addressed to such Debenture Holder at its/his registered address, e-mail or facsimile number.

All notice(s) to be given by the Debenture Holder(s) to the Issuer/ Debenture Trustee shall be sent by

registered post, recognized overnight courier service, hand delivery, email or by facsimile

transmission to the Issuer or to such persons at such address/ facsimile number as may be notified by

the Issuer from time to time through suitable communication. All correspondence regarding the

Debentures should be marked “Private Placement of Debentures”.

Notice(s) shall be deemed to be effective (a) in the case of registered mail, 5 (Five) Business Days

after posting via certified or registered mail, return receipt requested; (b) 1 (One) Business Day after

delivery by recognized overnight courier service, if sent for next Business day delivery (c) in the case

of facsimile at the time when dispatched with a report confirming proper transmission; (d) in the case

of personal delivery, at the time of delivery or (e) or in case of e-mail at the time of the sending thereof



64

(provided no delivery failure notification is received by the sender within 24 hours of sending such

email).

10.9 Issue Procedure

Only Eligible Investors as given hereunder and identified upfront by the Issuer may apply for the

Debentures by completing the Application Form in the prescribed format in block letters in English

as per the instructions contained therein. The minimum number of Debentures that can be applied for

and the multiples thereof shall be as set out in the clause 5.19. No application can be made for a

fraction of a Debenture. Application Forms should be duly completed in all respects and applications

not completed in the said manner are liable to be rejected. The name of the applicant’s bank, type of

account and account number must be duly completed by the applicant. This is required for the

applicant’s own safety and these details will be printed on the refund orders and /or redemptions

warrants.

The final subscription to the Debentures shall be made by the Eligible Investors through the electronic

book mechanism as prescribed by SEBI under the SEBI Electronic Book Mechanism Guidelines by

placing bids on the electronic book platform during the Issue period.

A. Application Procedure through electronic book process:

In order to be able to bid under the BSE electronic book platform, Eligible Investors must have

provided the requisite documents (including but not limited to know your customer) in accordance

with the SEBI Electronic Book Mechanism Guidelines. The Issuer is entitled at any time to require

an Eligible Investor to provide any know your customer or other documents as may be required to be

maintained by it or delivered to a third party by it in accordance with applicable laws. All Eligible

Investors are required to register themselves as a one-time exercise (if not already registered) with

the BSE electronic book platform for participating in electronic book building mechanism.

Eligible Investors should refer the operating guidelines for issuance of debt securities on private

placement basis through an electronic book mechanism as available on the website of BSE. Eligible

Investors will also have to complete the mandatory know your customer verification process.

The details of the Issue shall be entered on the BSE electronic book platform by the Issuer at least 2

(Two) Business Days prior to the Issue Opening Date, in accordance with the SEBI Electronic Book

Mechanism Guidelines. The Issue will be open for bidding for the duration of the bidding window

that would be communicated through the Issuer’s bidding announcement on the BSE EBP Platform,

at least 1 (one) Business Day before the start of the Issue Opening Date.

Some of the key guidelines in terms of the extant SEBI Electronic Book Mechanism Guidelines on

issuance of securities on private placement basis through an electronic book mechanism, are as

follows:

i. Modification of Bid: Eligible Investors may note that modification of bid is allowed during the

bidding period or window. However, in the last 10 minutes of the bidding period or window,

revision of bid is only allowed for upward revision of the bid amount placed or to improve the

coupon or yield by the Eligible Investor.

ii. Cancellation of Bid: Eligible Investors may note that cancellation of bid is allowed during the

bidding period or window. However, in the last 10 minutes of the bidding period or window, no

cancellation of bids is permitted.



65

iii. Multiple Bids: Bidders are permitted to place multiple bids on the BSE electronic book platform

in line with the SEBI Electronic Book Mechanism Guidelines.

iv. Manner of bidding: The Issue will be through closed bidding on the BSE electronic book

platform in line with the SEBI Electronic Book Mechanism Guidelines.

v. Manner of allotment: The allotment will be done on uniform yield basis in line with the SEBI

Electronic Book Mechanism Guidelines.

vi. Manner of settlement: Settlement of the Issue will be done through the clearing corporation.

vii. Settlement cycle: The process of pay-in of funds by investors and pay-out to Issuer will be done

on T+1 day, where T is the Issue Closing Date.

viii. Offer or Issue of executed Information Memorandum to successful Eligible Investors. The final

Information Memorandum will be issued to the successful Eligible Investors, who are required

to complete and submit the application form to the Issuer in order to accept the offer of

Debentures.

No person other than the successful Eligible Investors to whom the Information Memorandum has

been issued by the Issuer may apply for the Issue through the application forms received from a

person other than those specifically addressed will be invalid. However, Eligible Investors should

refer to the extant SEBI Electronic Book Mechanism Guidelines as prevailing on the date of the bid.

Withdrawal of Issue:

The Issuer may, at its discretion, withdraw the issue process on the conditions set out under the

operational guidelines of the BSE; provided that the Issuer shall accept or withdraw the issue on the

BSE electronic book platform within 1 (one) hour of the closing of the bidding window, and not later

than 6 pm on the Issue Closing Date. However, Eligible Investors should refer to the SEBI Electronic

Book Mechanism Guidelines as prevailing on the date of the bid. If the Issuer has withdrawn the

Issue, and the cut-off yield of the Issue is higher than the estimated cut-off yield disclosed to the BSE

electronic book platform, the estimated cut off yield shall be mandatorily disclosed by the BSE

electronic book platform to the Eligible Investors. The expression ‘estimated cut off yield’ means

yield so estimated by the Company, prior to opening of issue on the BSE electronic book platform.

The disclosure of estimated cut off yield by BSE electronic book platform to the Eligible Investors,

pursuant to closure of the Issue, shall be at the discretion of the Issuer.

Process flow of statement:

Successful bidders shall make pay-in of funds towards the allocation made to them, in the bank

account of the clearing corporation, the details whereof are as set out in paragraph 10.14 herein below,

on or before 10:30 A.M. on the Deemed Date of Allotment.

The fund pay-in by the successful bidders will be made only from the bank account(s), which have

been provided/updated in the electronic book mechanism system. Upon the transfer of funds into the

aforesaid account and the Issuer confirming its decision to proceed with the allotment of the

Debentures in favour of the Debenture Holder(s) to Indian Clearing Corporation Limited, the R&T

Agent shall provide the corporate action file along with all requisite documents to the Depositories

by 12:00 hours and subsequently, the pay-in funds shall be released into the following bank account

of the Issuer:



66

Beneficiary Name CASHPOR Micro Credit

Account No. 02202320000956

Bank HDFC Bank

Branch Rathyatra Crossing

Account Type Current Account

Branch Code 0220

IFSC Code HDFC0000220

10.10 Application Procedure

Eligible investors will be invited to subscribe by way of the Application Form prescribed in the

Information Memorandum during the period between the Issue Opening Date and the Issue Closing

Date (both dates inclusive). The Issuer reserves the right to change the Issue schedule including the

Deemed Date of Allotment at its sole discretion, without giving any reasons or prior notice. The Issue

will be open for subscription during the banking hours on each day during the period covered by the

Issue Schedule.

10.11 Fictitious Application

All fictitious applications will be rejected.

10.12 Basis of Allotment

Notwithstanding anything stated elsewhere, Issuer reserves the right to accept or reject any

application, in part or in full, without assigning any reason. Subject to the aforesaid, in case of over

subscription, priority will be given to Investors in line with the SEBI Electronic Book Mechanism

Guidelines. The investors will be required to remit the funds as well as submit the duly completed

Application Form along with other necessary documents to Issuer by the Deemed Date of Allotment.

10.13 Payment Instructions

The Application Form should be submitted directly. The entire amount of Rs. 10,00,000/- (Rupees

Ten Lakhs only) per Debenture is payable along with the making of an application.

All payments must be made through NEFT, RTGS, electronic fund transfer to Indian Clearing

Corporation Limited. The details for payments are mentioned herein below:

Beneficiary Name:

Bank Account No.

IFSC CODE:

Bank Name

Branch Address:

10.14 Eligible Investors

The Persons to whom this Disclosure Document is being issued are the only persons eligible to apply

for this private placement of Debentures subject to fulfilling their respective investment norms/rules

and compliance with laws applicable to them by submitting all the relevant documents along with the

Application Form. The class of investors to whom this Disclosure Document is being issued are:

A. Mutual Funds



67

B. Non-banking financial companies

C. Corporates

D. Banks and Financial Institutions

E. Foreign Portfolio Investors (FPIs)

F. Foreign Institutional Investors (FIIs)

G. Qualified Foreign Investors (QFIs)

H. Insurance Companies

I. Any other person eligible to invest in these Debentures

All potential Investors are required to comply with the relevant regulations/guidelines applicable to

them for investing in this issue of Debentures.

Note: Participation by potential Investors in the Issue may be subject to statutory and/or regulatory

requirements applicable to them in connection with subscription to Indian securities by such

categories of persons or entities. Applicants are advised to ensure that they comply with all regulatory

requirements applicable to them, including exchange controls and other requirements. Applicants

ought to seek independent legal and regulatory advice in relation to the laws applicable to them.

10.15 Procedure for Applying for Dematerialised Facility

A. The applicant must have at least one beneficiary account with any of the DPs of NSDL/

CDSL prior to making the application.

B. The applicant must necessarily fill in the details (including the beneficiary account number

and DP - ID) appearing in the Application Form under the heading “Details for Issue of

Debentures in Electronic/Dematerialised Form”.

C. Debentures allotted to an applicant will be credited to the applicant’s respective beneficiary

account(s) with the DP.

D. For subscribing to the Debentures, names in the Application Form should be identical to those

appearing in the details in the Depository. In case of joint holders, the names should

necessarily be in the same sequence as they appear in the account details maintained with the

DP.

E. Non-transferable allotment advice/refund orders will be directly sent to the applicant by the

Registrar and Transfer Agent to the Issue.

F. If incomplete/incorrect details are given under the heading “Details for Issue of Debentures

in Electronic/Dematerialised Form” in the Application Form, it will be deemed to be an

incomplete application and the same may be held liable for rejection at the sole discretion of

the Issuer.

G. For allotment of Debentures, the address, nomination details and other details of the applicant

as registered with his/her DP shall be used for all correspondence with the applicant. The

applicant is therefore responsible for the correctness of his/her demographic details given in

the Application Form vis-a-vis those with his/her DP. In case the information is incorrect or

insufficient, the Issuer would not be liable for the losses, if any.



68

H. The redemption amount or other benefits would be paid to those Debenture Holders whose

names appear on the list of beneficial owners maintained by the R&T Agent as on the Record

Date. In case of those Debentures for which the beneficial owner is not identified in the

records of the R&T Agent as on the Record Date, the Issuer would keep in abeyance the

payment of the redemption amount or other benefits, until such time that the beneficial owner

is identified by the R&T Agent and conveyed to the Issuer, whereupon the redemption

amount and benefits will be paid to the beneficiaries, as identified.

10.16 Depository Arrangements

The Issuer shall make necessary arrangement with NSDL/CDSL for issue and holding of Debenture

in dematerialised form.

10.17 List of Beneficiaries

The Issuer shall request the R&T Agent to provide a list of beneficiaries as at the end of each Record

Date. This shall be the list, which will be used for payment or repayment of redemption monies.

10.18 Application under Power of Attorney

A certified true copy of the power of attorney or the relevant authority as the case may be along with

the names and specimen signature(s) of all the authorized signatories of the Investor and the tax

exemption certificate/document of the Investor, if any, must be lodged along with the submission of

the completed Application Form. Further modifications/additions in the power of attorney or

authority should be notified to the Issuer or to its agents or to such other person(s) at such other

address(es) as may be specified by the Issuer from time to time through a suitable communication.

In case of an application made by companies under a power of attorney or resolution or authority, a

certified true copy thereof along with memorandum and articles of association and/or bye-laws along

with other constitutional documents must be attached to the Application Form at the time of making

the application, failing which, the Issuer reserves the full, unqualified and absolute right to accept or

reject any application in whole or in part and in either case without assigning any reason thereto.

Names and specimen signatures of all the authorized signatories must also be lodged along with the

submission of the completed Application Form.

10.19 Procedure for application by Mutual Funds and Multiple Applications

In case of applications by mutual funds and venture capital funds, a separate application must be

made in respect of each scheme of an Indian mutual fund/venture capital fund registered with the

SEBI and such applications will not be treated as multiple application, provided that the application

made by the asset management company/trustee/custodian clearly indicated their intention as to the

scheme for which the application has been made.

The application forms duly filled shall clearly indicate the name of the concerned scheme for which

application is being made and must be accompanied by certified true copies of

A. SEBI registration certificate

B. Resolution authorizing investment and containing operating instructions

C. Specimen signature of authorized signatories



69

10.20 Documents to be provided by Investors

Investors need to submit the following documents, as applicable

A. Memorandum and Articles of Association or other constitutional documents

B. Resolution authorising investment

C. Power of Attorney to custodian

D. Specimen signatures of the authorised signatories

E. SEBI registration certificate (for Mutual Funds)

F. Copy of PAN card

G. Application Form

10.21 Applications to be accompanied with Bank Account Details

Every application shall be required to be accompanied by the bank account details of the applicant

and the magnetic ink character reader code of the bank for the purpose of availing direct credit of

redemption amount and all other amounts payable to the Debenture Holder(s) through EFT/RTGS.

10.22 Succession

In the event of winding-up of the holder of the Debenture(s), the Issuer will recognize the liquidator

or such other legal representative of the Debenture Holder(s) as having title to the Debenture(s).

The Issuer may, in its absolute discretion, where it thinks fit, dispense with production of such other

legal representation, in order to recognize such holder as being entitled to the Debenture(s) standing

in the name of the concerned Debenture Holder on production of sufficient documentary proof and/or

an indemnity.

10.23 Mode of Payment

All payments must be made through RTGS as set out in the Application Form.

10.24 Effect of Holidays

In case any Coupon Payment Date falls on a day which is not a Business Day the payment to be made

on such Coupon Payment Date shall be made on the immediately succeeding Business Day. When

the Maturity Date (including the last Coupon Payment Date) falls on a day which is not a Business

Day, all payments to be made on the Maturity Date (including accrued Coupon), shall be made on

the immediately preceding Business Day.

10.25 Tax Deduction at Source

Tax as applicable under the Income Tax Act, 1961, or any other statutory modification or re-

enactment thereof will be deducted at source by the Company. For seeking TDS exemption/lower

rate of TDS, relevant certificate/document must be lodged by the Debenture Holder(s) at the office

of the R&T Agents of the Issuer at least 15 (Fifteen) calendar days before the relevant payment

becoming due. Tax exemption certificate / declaration of non-deduction of tax at source on interest

on application money, should be submitted along with the Application Form.

If any payments under this issuance is subject to any tax deduction other than such amounts as are

required as per current regulations existing as on the date of the Debenture Trust Deed), including if

the Company shall be required legally to make any payment for tax from the interest/coupon payable



70

under the Issue, (“Tax Deduction”), the Company shall make such Tax Deduction as per Applicable

Law.

10.26 Letters of Allotment

Each of the Debenture Holders shall be issued proof of allotment of Debentures by way of a physical

letter of allotment, issued by the Company to the said Debenture Holders on the Deemed Date of

Allotment. On the completion of all statutory formalities and in no event later than 2 (Two) Business

Days from the Deemed Date of Allotment, such letter of allotment will be substituted and the

depository account of each of the Debenture Holders maintained with its corresponding depository

participant and mentioned in the Application Form shall be credited with the number of Debentures

allotted to such Debenture Holders in terms of the letter of allotment issued to it.

10.27 Deemed Date of Allotment

All the benefits under the Debentures will accrue to the Investor from the specified Deemed Date of

Allotment. The Deemed Date of Allotment for the Issue is September 29, 2020 by which date the

Investors would be intimated of allotment.

10.28 Record Date

The Record Date will be 15 (Fifteen) Busines Days prior to any Due Date.

10.29 Refunds

For applicants whose applications have been rejected or allotted in part, refund orders will be

dispatched within 7 (seven) days from the Deemed Date of Allotment of the Debentures.

In case the Issuer has received money from applicants for Debentures in excess of the aggregate of

the application money relating to the Debentures in respect of which allotments have been made, the

R&T Agent shall upon receiving instructions in relation to the same from the Issuer repay the moneys

to the extent of such excess, if any.

10.30 Interest on Application Money

Interest shall be payable on all application monies received at the Coupon Rate net of Taxes from the

date of realization of the application monies by the Issuer until the Deemed Date of Allotment and

the same shall be paid to the relevant Investors within 7 (Seven) Business Days from the Deemed

Date of Allotment.

10.31 PAN Number

Every applicant should mention its Permanent Account Number (“PAN”) allotted under Income Tax

Act, 1961, on the Application Form and attach a self-attested copy as evidence. Application forms

without PAN will be considered incomplete and are liable to be rejected.

10.32 Payment on Redemption

Payment on redemption will be made by way of cheque(s)/redemption warrant(s)/demand

draft(s)/credit through RTGS system/funds transfer in the name of the Debenture Holder(s) whose

names appear on the list of beneficial owners given by the Depository to the Issuer as on the Record

Date.



71

The Debentures shall be taken as discharged on payment of the redemption amount by the Issuer on

maturity to the registered Debenture Holder(s) whose name appears in the Register of Debenture

Holder(s) on the Record Date. On such payment being made, the Issuer will inform NSDL/ CDSL

and accordingly the account of the Debenture Holder(s) with NSDL/ CDSL will be adjusted.

On the Issuer dispatching the amount as specified above in respect of the Debentures, the liability of

the Issuer shall stand extinguished.

Disclaimer: Please note that only those persons to whom this Information Memorandum has

been specifically addressed are eligible to apply. However, an application, even if complete in

all respects, is liable to be rejected without assigning any reason for the same. The list of

documents provided above is only indicative, and an investor is required to provide all those

documents / authorizations / information, which are likely to be required by the Issuer. The

Issuer may, but is not bound to revert to any investor for any additional documents /

information, and can accept or reject an application as it deems fit. Investment by investors

falling in the categories mentioned above are merely indicative and the Issuer does not warrant

that they are permitted to invest as per extant laws, regulations, etc. Each of the above

categories of investors is required to check and comply with extant rules/regulations/ guidelines,

etc. governing or regulating their investments as applicable to them and the Issuer is not, in any

way, directly or indirectly, responsible for any statutory or regulatory breaches by any investor,

neither is the Issuer required to check or confirm the same.



72

11 DECLARATION

The Issuer declares that all the relevant provisions in the regulations/guideline issued by SEBI

and other applicable laws have been complied with and no statement made in this Information

Memorandum is contrary to the provisions of the regulations/guidelines issued by SEBI and

other applicable laws, as the case may be. The information contained in this Information

Memorandum is as applicable to privately placed debt securities and subject to information

available with the Issuer. The extent of disclosures made in the Information Memorandum is

consistent with disclosures permitted by regulatory authorities to the issue of securities made by

the companies in the past.

For CASHPOR Micro Credit

Authorised Signatory

Name: Mukul Jaiswal

Title: Managing Director

Date: September 24, 2020



73

ANNEXURE I: RATING LETTER FROM THE RATING AGENCY

[ATTACHED SEPERATELY]



74



75

ANNEXURE II: CONSENT LETTER FROM THE DEBENTURE TRUSTEE




76

ANNEXURE III: APPLICATION FORM

CASHPOR MICRO CREDIT

A company incorporated under Section 25 of the Companies Act, 1956 and continuing under

Section 8 of the Companies Act, 2013

Date of Incorporation: December 10, 2002 Registered Office: S-8/107, 107-A-1, 2nd Floor, Varanasi Trade Center, Khajuri, Maqbool Alam

Road, Varanasi- 221002

Telephone No.: +91 542 2505590/92

Website: www.CASHPOR.in

DEBENTURE SERIES APPLICATION FORM SERIAL NO.

ISSUE OF (I) UP TO 1,000 (ONE THOUSAND) RATED, LISTED, SECURED,

REDEEMABLE NON-CONVERTIBLE DEBENTURES UNDER SERIES 1 HAVING FACE

VALUE OF RS. 10,00,000/- (RUPEES TEN LAKHS ONLY) EACH, OF THE AGGREGATE

NOMINAL VALUE OF UP TO RS. 100,00,00,000/- (RUPEES ONE HUNDRED CRORES

ONLY) (II) UP TO 250 (TWO HUNDRED AND FIFTY) RATED, LISTED, SECURED,

REDEEMABLE NON-CONVERTIBLE DEBENTURES UNDER SERIES 2 HAVING FACE



77

VALUE OF RS. 10,00,000/- (RUPEES TEN LAKHS ONLY) EACH, OF THE AGGREGATE

NOMINAL VALUE OF UP TO RS. 25,00,00,000/- (RUPEES TWENTY-FIVE CRORES

ONLY) WITH A GREEN SHOE OPTION OF UP TO 750 (SEVEN HUNDRED AND FIFTY)

RATED, LISTED, SECURED, REDEEMABLE NON-CONVERTIBLE DEBENTURES

UNDER SERIES 2 HAVING FACE VALUE OF RS. 10,00,000/- (RUPEES TEN LAKHS

ONLY) EACH, OF THE AGGREGATE NOMINAL VALUE OF UP TO RS. 75,00,00,000/-

(RUPEES SEVENTY-FIVE CRORES ONLY) ON A PRIVATE PLACEMENT BASIS

DEBENTURE SERIES APPLIED FOR:

Number of Debentures __ In words ___

Series of Debentures ___

Amount Rs. _/-_ in words Rupees _________________Crores only

DETAILS OF PAYMENT:

RTGS

No. _____________ Drawn on_____________________________________________

Funds transferred to Indian Clearing Corporation Limited

Dated ____________

Total Amount Enclosed

(In Figures) _____________ (In words) ______________________________________

APPLICANT’S NAME IN FULL (CAPITALS) SPECIMEN SIGNATURE

APPLICANT’S ADDRESS

ADDRESS

STREET

CITY



78

PIN PHONE FAX

APPLICANT’S PAN/GIR NO. _____________ IT CIRCLE/WARD/DISTRICT ____

WE ARE ( ) COMPANY ( ) OTHERS ( ) SPECIFY __________

We have read and understood the Terms and Conditions of the issue of Debentures including the Risk

Factors described in the Memorandum and have considered these in making our decision to apply.

We bind ourselves to these Terms and Conditions and wish to apply for allotment of these Debentures.

We request you to please place our name(s) on the Register of Holders.

Name of the Authorised

Signatory(ies)

Designation Signature

Applicant’s

Signature

We the undersigned, are agreeable to holding the Debentures of the Company in dematerialised form.

Details of my/our Beneficial Owner Account are given below:

DEPOSITORY NSDL ( ) CDSL ( )

DEPOSITORY PARTICIPANT NAME

DP-ID

BENEFICIARY ACCOUNT NUMBER

NAME OF THE APPLICANT(S)

Applicant Bank Account:

(Settlement by way of Cheque / Demand

Draft / Pay Order / Direct Credit / ECS /

NEFT/RTGS/other permitted mechanisms)

FOR OFFICE USE ONLY

DATE OF RECEIPT ________________ DATE OF CLEARANCE ________________

(Note: Cheque and Drafts are subject to realisation)

We understand and confirm that the information provided in the Information Memorandum is

provided by the Issuer and the same has not been verified by any legal advisors to the Issuer and other

intermediaries and their agents and advisors associated with this Issue. We confirm that we have for



79

the purpose of investing in these Debentures carried out our own due diligence and made our own

decisions with respect to investment in these Debentures and have not relied on any representations

made by anyone other than the Issuer, if any.

We understand that: i) in case of allotment of Debentures to us, our Beneficiary Account as mentioned

above would get credited to the extent of allotted Debentures, ii) the Applicant must ensure that the

sequence of names as mentioned in the Application Form matches the sequence of name held with

our Depository Participant, iii) if the names of the Applicant in this application are not identical and

also not in the same order as the Beneficiary Account details with the above mentioned Depository

Participant or if the Debentures cannot be credited to our Beneficiary Account for any reason

whatsoever, the Company shall be entitled at its sole discretion to reject the application or issue the

Debentures in physical form.

We understand that we are assuming on our own account, all risk of loss that may occur or be suffered

by us including as to the returns on and/or the sale value of the Debentures and shall hold us harmless

in respect of any such loss and/or damage. We undertake that upon sale or transfer to subsequent

investor or transferee (“Transferee”), we shall convey all the terms and conditions contained herein

and in this Information Memorandum to such Transferee. In the event of any Transferee (including

any intermediate or final holder of the Debentures) suing the Issuer (or any person acting on its or

their behalf) we shall indemnify the Issuer and also hold the Issuer and each of such person harmless

in respect of any claim by any Transferee.

Applicant’s

Signature

FOR OFFICE USE ONLY

DATE OF RECEIPT ______________________ DATE OF CLEARANCE _________________

(Note : Cheque and Drafts are subject to realisation)

-------------------------------------------------(TEAR HERE)--------------------------------------------

- ACKNOWLEDGMENT SLIP –

(To be filled in by Applicant) SERIAL NO.

Received from _______________________________________________

Address________________________________________________________________

______________________________________________________________________

Cheque/Draft/UTR # ______________ Drawn on _______________________________ for

Rs. _____________ on account of application of _____________________ Debenture



80

ANNEXURE IV: AUDITED FINANCIAL STATEMENTS




81



82



83



84



85



86



87



88



89



90



91



92



93



94



95



96



97



98



99



100



101



102



103



104



105



106

ANNEXURE V: INDICATIVE CASHFLOW SCHEDULE

Illustration of Bond Cash Flows

Company CASHPOR Micro Credit

Face Value (per security) Rs. 10,00,000/- (Rupees Ten Lakhs only)

Issue Date / Date of Allotment Issue Opening Date: September 28, 2020

Deemed Date of Allotment: September 29,2020

Coupon Rate 10% p.a payable on the Coupon Payment Dates

Frequency of the Principal Payment with

specified dates

The Debentures under

Series 1 shall be

redeemed by way of a

bullet repayment on the

expiry of 18 months

subject to early

redemption/ acceleration

pursuant to Event of

Default.

The Debentures under

Series 2 shall be

redeemed on quarterly

basis in 3 (three) equal

instalments. The

Principal Repayment

Date for Series 2

Debentures are specified

in the cashflow schedule

provided below

Frequency of the Coupon Payment with

specified dates

Semi- annually and the dates are specified in the

cashflow schedule provided below

Day Count Convention Actual / Actual

SCHEDULE

SERIES 1 *





Maturity Date 29-Mar-2022

Series -1 18 months bullet redemption

Frequency of the Coupon Payment with

specified dates Coupon payable semi annual.

29-Mar-2021

29-Sep-2021

29-Mar-2022

Coupon Payment Dates Coupon Amount (in Rupees) Principal

Payment Date(s)

Principal

Amount (in

Rupees)

29-Oct-20

29-Nov-20

29-Dec-20

29-Jan-21



107

28-Feb-21

29-Mar-21 49,589,041

29-Apr-21

29-May-21

29-Jun-21

29-Jul-21

29-Aug-21

29-Sep-21 50,410,959

29-Oct-21

29-Nov-21

29-Dec-21

29-Jan-22

28-Feb-22

29-Mar-22 49,589,041 29-Mar-22

1,000,000,000

TOTAL 149,589,041

1,000,000,000

* The cashflow scheduled provided is tentative and calculated from the Deemed Date of

Allotment/pay- in date. In case of change of the Deemed Date of Allotment/ pay-in date, the cashflow

scheduled will stand modified accordingly.

SERIES 2*#





Maturity Date 29-Mar-2022

Series -2 9 months amortization with 3 equal quarterly instalment

redemptions

Frequency of the Coupon Payment with specified dates Coupon payable semi annual.

29-Mar-2021

29-Sep-2021

29-Mar-2022

Day Count Convention Actual/Actual

Coupon Payment Dates Coupon Amount (in

Rupees)

Principal

Payment

Date(s)

Principal

Amount (in

Rupees)

29-Oct-20

29-Nov-20



108

29-Dec-20

29-Jan-21

28-Feb-21

29-Mar-21 49,589,041

29-Apr-21

29-May-21

29-Jun-21

29-Jul-21

29-Aug-21

29-Sep-21 50,410,959 29-Sep-21 333,333,333

29-Oct-21

29-Nov-21

29-Dec-21 29-Dec-21 333,333,333

29-Jan-22

28-Feb-22

29-Mar-22 24,840,183 29-Mar-22 333,333,334

TOTAL 124,840,183 1,000,000,000

* The cashflow scheduled provided is tentative and calculated from the Deemed Date of

Allotment/pay- in date. In case of change of the Deemed Date of Allotment/ pay-in date, the cashflow

scheduled will stand modified accordingly.

# The cashflow scheduled provided is tentative and calculated basis that issuance would be of an

aggregate of Rs. 100,00,00,000/- (Rupees One Hundred Crores only) under Series 2 that is aggregate

of Rs. 25,00,00,000/- (Rupees Twenty-Five Crores only) with a green shoe option of up to Rs.

75,00,00,000/- (Rupees Seventy -Five Crores only). In case of change of the issuance amount under

Series 2 on account of non receipt of full oversubscription monies under green shoe option, the

cashflow scheduled will stand modified accordingly.



109

ANNEXURE VI: COPIES OF BOARD RESOLUTIONS




110

ANNEXURE VII: COPIES OF SHAREHOLDERS’ RESOLUTIONS




111

ANNEXURE VIII: RELATED PARTY TRANSACTIONS

1. List of related parties

I. CASHPOR Trust – Ultimate Holding Entity

II. CASHPOR Financial and Technical Services Private Limited (CFTS) – Holding Company

III. Key Management Personnel -

David S Gibbons Chairman

Mukul Jaiswal Managing Director

Banke Bihari Singh Chief Finance Officer

Anjali Saraogi Company Secretary (worked till 31 December 2019)

Particulars of related party transactions

Particulars

For the year

ended 31

March 2020

For the year

ended 31

March 2019

For the year

ended 31

March 2018

Remuneration paid

Chairman

Managing Director

Executive Director Health and Education

Chief Finance Officer

Company Secretary

11,137,637

13,985,698

--

2,113,452

361,306

8,474,350

12,086,344

232,955

1,838,796

397,265

6,000,000

10,739,727

2,424,249

1,526,058

453,611

Sitting fees

Chairman

Managing Director

Repayment of loan

Housing loan – Managing Director

Car loan – Company Secretary

Reimbursement of expenses

Holding Company

Ultimate Holding entity

41,109

143,120

1,680,000

--

43,032

-

63,948

105,056

1,685,553

--

29,329

-

31,814

90,900

1,666,668

270,219

39,590

-



112

Movement in guarantee from Holding

Company

Corporate guarantee for term loans

Grant to ultimate holding entity towards

Corporate Social Responsibility (CSR) activities

474,672,978

6,264,508

66,632,442

6,316,156

Loan outstanding

Housing Loan

Managing Director

18,440,000

20,120,000

21,805,553

2. Balance of outstanding guarantees

Particulars As at

31 March 2020

As at

31 March 2019

As at

31 March

2018

Guarantees given by Holding

Company towards borrowings

outstanding

477,412,978 2,740,000 69,372,442



113

ANNEXURE IX: DETAILS OF BRANCHES AND UNITS OF THE ISSUER

Branch

ID Branch Name District Name State Name Region Name

01:01 MAHARAJGANJ BHADOHI UP MIRZAPUR

01:02 BIHANSARA MIRZAPUR UP MIRZAPUR

01:03 RAMNAGAR MEJA ALLAHABAD UP MIRZAPUR

01:04 KORAWON ALLAHABAD UP MIRZAPUR

01:05 LALGANJ MIRZAPUR UP MIRZAPUR

01:06 KHIRI ALLAHABAD UP MIRZAPUR

02:01 PILI KOTHI MIRZAPUR UP MIRZAPUR

02:02 MIRZAMURAD VARANASI UP MIRZAPUR

02:03 RAJATALAB VARANASI UP MIRZAPUR

02:05 MEJA ROAD ALLAHABAD UP MIRZAPUR

02:07 GOPIGANJ BHADOHI UP MIRZAPUR

02:09 CHUNAR MIRZAPUR UP MIRZAPUR

02:12 UGAPUR BHADOHI UP MIRZAPUR

02:16 KOIRAONA BHADOHI UP MIRZAPUR

02:17 KACHAWA MIRZAPUR UP MIRZAPUR

02:18 MADHOSINGH BHADOHI UP MIRZAPUR

02:19 PURZAGIR MIRZAPUR UP MIRZAPUR

02:20 JANGIROAD MIRZAPUR UP MIRZAPUR

02:22 GURUSANDI MIRZAPUR UP MIRZAPUR

02:24 BHARUHANA MIRZAPUR UP MIRZAPUR

02:27 PADARI MIRZAPUR UP MIRZAPUR

02:36 CHILBILA MIRZAPUR UP MIRZAPUR

05:01 BAHADURGANJ GHAZIPUR UP BALLIA

05:02 BADIBAGH GAZIPUR GHAZIPUR UP BALLIA

05:03 JAKHANIYAN GHAZIPUR UP BALLIA

05:04 JANGIPUR GHAZIPUR UP BALLIA

05:05 BAHADURPUR BALLIA UP BALLIA

05:06 CITYPAHADIPUR BALLIA UP BALLIA

05:07 DUBHAR BALLIA UP BALLIA

05:08 SUKHPURA BALLIA UP BALLIA

05:11 RASARA BALLIA UP BALLIA

05:12 SAWARA BALLIA UP BALLIA

05:14 BANSDIH BALLIA UP BALLIA

05:16 SIKANDARPUR BALLIA UP BALLIA

05:18 SEAR BALLIA UP BALLIA

05:19 RATSAR BALLIA UP BALLIA

05:20 BHIMPURA BALLIA UP BALLIA

05:21 GADHWAR BALLIA UP BALLIA

05:22 NAGARA BALLIA UP BALLIA



114

05:23 MANIYAR BALLIA UP BALLIA

05:27 BARACHAWAR GHAZIPUR UP BALLIA

05:29 KARANDA GHAZIPUR UP BALLIA

05:30 KASHIMABAD GHAZIPUR UP BALLIA

05:31 NANDGANJ GHAZIPUR UP BALLIA

05:32 SADAT GHAZIPUR UP BALLIA

06:01 BRAHMPUR BUXAR BR BUXAR

06:05 SIMARI BUXAR BR BUXAR

06:06 BHOJPUR BUXAR BR BUXAR

06:07 CHAUSA BUXAR BR BUXAR

06:08 TIYARA RAJPUR BUXAR BR BUXAR

06:09 DILDAR NAGAR GHAZIPUR UP BUXAR

06:10 ITARHI BUXAR BR BUXAR

06:11 KORAN SARAI BUXAR BR BUXAR

06:12 BIHIYA ARAH BR BUXAR

06:13 SHAHPUR ARAH BR BUXAR

06:14 ARAH ARAH BR BUXAR

06:16 JASOGOLAMBAR BUXAR BR BUXAR

06:17 BHAROLI BALLIA UP BUXAR

06:18 BHADAURA GHAZIPUR UP BUXAR

06:19 JAGDISHPUR ARAH BR BUXAR

06:20 BIHIYA CHAURASTA ARAH BR BUXAR

06:22 BHAWARCOL GHAZIPUR UP BUXAR

06:23 CHITBADAGAON BALLIA UP BUXAR

06:24 DINARA ROHTAS BR BUXAR

06:25 JAMANIYAN GHAZIPUR UP BUXAR

06:26 MOHAMMADABAD GHAZIPUR UP BUXAR

06:27 NUAWAN BUXAR BR BUXAR

06:28 SANDESH BHOJPUR BR BUXAR

07:01 MUBARAKPUR AZAMGARH UP AZAMGARH

07:03 KAPTANGANJ AZAMGARH UP AZAMGARH

07:04 THEKMA AZAMGARH UP AZAMGARH

07:06 MOHAMMDABAD AZAMGARH UP AZAMGARH

07:07 JAHANAGANJ AZAMGARH UP AZAMGARH

07:08 JIYANPUR AZAMGARH UP AZAMGARH

07:09 MADHUBAN MAU UP AZAMGARH

07:10 GHOSI MAU UP AZAMGARH

07:11 INDARA MAU UP AZAMGARH

07:12 LALGANJ AZAMGARH UP AZAMGARH

07:13 MOHAMMADPUR AZAMGARH UP AZAMGARH

07:14 MEHNAGAR AZAMGARH UP AZAMGARH

07:15 ATARAULIA AZAMGARH UP AZAMGARH

07:16 CITY BRANCH AZAMGARH UP AZAMGARH

07:17 FULLPUR AZAMGARH UP AZAMGARH

07:18 DULLAHPUR GHAZIPUR UP AZAMGARH



115

07:19 MARDHA GHAZIPUR UP AZAMGARH

07:20 BHADSAR GHAZIPUR UP AZAMGARH

07:21 BAHARIYABAD GHAZIPUR UP AZAMGARH

07:22 MAU-2 MAU UP AZAMGARH

07:23 RAJESULTANPUR

AMBEDKAR

NAGAR UP AZAMGARH

07:24 RAFIGANJ

AMBEDKAR

NAGAR UP AZAMGARH

07:25 NEWADA

AMBEDKAR

NAGAR UP AZAMGARH

08:01 PARSATHUA

KAIMUR

ROHTAS BR KAIMUR ROHTAS

08:02 KUDRA

KAIMUR


08:03 BIKRAMGANJ

KAIMUR


08:05 KARGAHAR

KAIMUR


08:06 RAMGARH

KAIMUR


08:07 BHABHUA

KAIMUR


08:08 DEHRI

KAIMUR


08:09 NOKHA

KAIMUR


08:10 NASRIGANJ

KAIMUR


08:11 CHENARI

KAIMUR


08:12 BHAGWANPUR

KAIMUR


08:13 TAKIYA

KAIMUR ROHTAS BR KAIMUR ROHTAS

08:14 FAJALGANJ

KAIMUR ROHTAS BR KAIMUR ROHTAS

08:15 GANGA ROAD CHANDAULI UP KAIMUR ROHTAS

08:16 TILAUTHU

KAIMUR


08:18 MOHANIYA

KAIMUR


08:19 AKODHI GOLA

KAIMUR


08:21 DURGAWATI

KAIMUR


08:23 BABURI ROAD CHANDAULI UP KAIMUR ROHTAS

08:24 DHEENA CHANDAULI UP KAIMUR ROHTAS

08:25 HATA

KAIMUR


08:26 SAYYADRAJA CHANDAULI UP KAIMUR ROHTAS

08:28 SAKALDIHA CHANDAULI UP KAIMUR ROHTAS

10:01 MANJHI SARAN BR SARAN



116

10:02 BHELDI SARAN BR SARAN

10:03 ESSUAPUR SARAN BR SARAN

10:04 MAKER SARAN BR SARAN

10:05 BANIYAPUR SARAN BR SARAN

10:06 RIVILGANJ SARAN BR SARAN

10:07 JALALPUR SARAN BR SARAN

10:09 MASARKH SARAN BR SARAN

10:10 MADHAURA SARAN BR SARAN

10:11 TARAIYA SARAN BR SARAN

10:12 PARSA SARAN BR SARAN

10:13 SONEPUR SARAN BR SARAN

10:14 CHHOTA TELAPA SARAN BR SARAN

10:15 DORIGANJ SARAN BR SARAN

10:16 DIGHAWADA SARAN BR SARAN

10:17 PATEDA SARAN BR SARAN

10:18 GARKHA SARAN BR SARAN

10:20 KOPA SARAN BR SARAN

10:21 BAIRIA BALLIA UP SARAN

10:22 GAIGHAT REWATI BALLIA UP SARAN

10:23 SAHATWAR BALLIA UP SARAN

10:24 SARAIYA MUZAFFARPUR BR SARAN

10:25 PAROO MUZAFFARPUR BR SARAN

10:26 PANAPUR MUZAFFARPUR BR SARAN

11:01 MADIYAHU JAUNPUR UP JAUNPUR

11:02 SIKRARA JAUNPUR UP JAUNPUR

11:03 KHUTHAN JAUNPUR UP JAUNPUR

11:04 JALALPUR JAUNPUR UP JAUNPUR

11:05 JESIS CHAURAHA JAUNPUR UP JAUNPUR

11:06 SHAHGANJ JAUNPUR UP JAUNPUR

11:07 BADALAPUR JAUNPUR UP JAUNPUR

11:08 SURAPUR SULTANPUR UP JAUNPUR

11:09 RAMPUR JAUNPUR UP JAUNPUR

11:10 NEWADIYA JAUNPUR UP JAUNPUR

11:11 BARSATHI JAUNPUR UP JAUNPUR

11:12 NAUPEDAWA JAUNPUR UP JAUNPUR

11:13 KERAKAT JAUNPUR UP JAUNPUR

11:14 MACHLISAHAR JAUNPUR UP JAUNPUR

11:15 MAHARAJGANJ JAUNPUR UP JAUNPUR

11:16 JANGHAI JAUNPUR UP JAUNPUR

11:17 MUGRABADSAHPUR JAUNPUR UP JAUNPUR

11:18 SUJANGANJ JAUNPUR UP JAUNPUR

11:19 MALHANI JAUNPUR UP JAUNPUR

11:20 BIBIGANJ JAUNPUR UP JAUNPUR

11:21 CHAURI BHADOHI UP JAUNPUR

11:22 GYANPUR BHADOHI UP JAUNPUR



117

11:23 RAMESHWAR VARANASI UP JAUNPUR

11:24 SURIYAWAN BHADOHI UP JAUNPUR

12:01 LAHARATARA1 VARANASI UP CHANDAULI

12:03 SHIVPUR VARANASI UP CHANDAULI

12:06 AVALESHPUR VARANASI UP CHANDAULI

12:08 CHAUBEYPUR1 VARANASI UP CHANDAULI

12:09 CHOLAPUR VARANASI UP CHANDAULI

12:11 AKHARI VARANASI UP CHANDAULI

12:14 KURAUTA VARANASI UP CHANDAULI

12:18 ASHAPUR2 VARANASI UP CHANDAULI

12:19 CHAUBEYPUR2 VARANASI UP CHANDAULI

12:23 ADALPURA VARANASI UP CHANDAULI

12:25 ANAUNI GHAZIPUR UP CHANDAULI

12:26 BABURI CHANDAULI UP CHANDAULI

12:27 CHAHANIYA CHANDAULI UP CHANDAULI

12:28 DHANAPUR CHANDAULI UP CHANDAULI

12:29 MARUFPUR CHANDAULI UP CHANDAULI

12:33 SAIDPUR GHAZIPUR UP CHANDAULI

12:34 SAIDPUR-02 GHAZIPUR UP CHANDAULI

12:35 CHAKIA CHANDAULI UP CHANDAULI

12:36 JAMALPUR A MIRZAPUR UP CHANDAULI

12:37 SHAHABGANJ CHANDAULI UP CHANDAULI

12:38 ALINAGAR CHANDAULI UP CHANDAULI

12:39 NAIBASTI CHANDAULI UP CHANDAULI

12:40 PADAW VARANASI UP CHANDAULI

12:41 RAMNAGAR VARANASI UP CHANDAULI

13:01 SAHJANWA GORAKHPUR UP GORAKHPUR

13:02 BARGADWA GORAKHPUR UP GORAKHPUR

13:03 CITY BRANCH GORAKHPUR UP GORAKHPUR

13:04 SONABARASA GORAKHPUR UP GORAKHPUR

13:05 BRAMHPUR GORAKHPUR UP GORAKHPUR

13:06 KHAJANI GORAKHPUR UP GORAKHPUR

13:07 KAUDIRAM GORAKHPUR UP GORAKHPUR

13:08 PIPRAICH GORAKHPUR UP GORAKHPUR

13:09 CHAURI CHAURA GORAKHPUR UP GORAKHPUR

13:10 BHATHAT GORAKHPUR UP GORAKHPUR

13:11 DOHARIGHAT MAU UP GORAKHPUR

13:13 SIKARIGANJ GORAKHPUR UP GORAKHPUR

13:14 SUKRAULI KUSHINAGAR UP GORAKHPUR

13:15 PATARA GORAKHPUR UP GORAKHPUR

13:18 BAITALPUR DEORIA UP GORAKHPUR

13:19 GAURI BAZAR DEORIA UP GORAKHPUR

13:20 RUDRAPUR DEORIA UP GORAKHPUR

13:21 PIPIGANJ GORAKHPUR UP GORAKHPUR

13:22 PARTAWAL MAHARAJGANJ UP GORAKHPUR



118

13:23 GOLA GORAKHPUR UP GORAKHPUR

13:24 DHANI MAHARAJGANJ UP GORAKHPUR

13:25 LOTAN

SIDDHARTH NAGAR UP GORAKHPUR

13:26 KOLUHUI BAZAR MAHARAJGANJ UP GORAKHPUR

14:01 PACHRUKHI SIWAN BR SIWAN

14:02 HASANPURA SIWAN BR SIWAN

14:03 BASANTPUR SIWAN BR SIWAN

14:04 MAIRWA SIWAN BR SIWAN

14:05 GUTHANI SIWAN BR SIWAN

14:07 MAHARAJGANJ SIWAN BR SIWAN

14:08 KHURMABAD SIWAN BR SIWAN

14:09 JIRADAI SIWAN BR SIWAN

14:10 BHAGAWANPUR SIWAN BR SIWAN

14:11 TARAWARA SIWAN BR SIWAN

14:12 ANDER SIWAN BR SIWAN

14:13 BARAHARIYA SIWAN BR SIWAN

14:14 JAMO SIWAN BR SIWAN

14:15 DUROUNDHA SIWAN BR SIWAN

14:19 EKMA SARAN BR SIWAN

14:20 BHATANI DEORIA UP SIWAN

14:21 SALEMPUR DEORIA UP SIWAN

14:22 BHATPAR DEORIA UP SIWAN

14:23 LAR TOWN DEORIA UP SIWAN

14:24 HATHUWA GOPALGANJ BR SIWAN

14:25 VIJAIPUR GOPALGANJ BR SIWAN

14:27 MAJHA GOPALGANJ BR SIWAN

14:28 HAZIYAPUR GOPALGANJ BR SIWAN

14:29 THAWE GOPALGANJ BR SIWAN

15:01 MADHUPUR SONEBHADRA UP SONEBHADRA

15:02 ROBERTSGANJ SONEBHADRA UP SONEBHADRA

15:03 RAMGARH SONEBHADRA UP SONEBHADRA

15:04 GHORAWAL SONEBHADRA UP SONEBHADRA

15:05 KARMA SONEBHADRA UP SONEBHADRA

15:06 SHAHGANJ SONEBHADRA UP SONEBHADRA

15:07 CHOPAN SONEBHADRA UP SONEBHADRA

15:08 VANEE SONEBHADRA UP SONEBHADRA

15:10 AHARAURA MIRZAPUR UP SONEBHADRA

15:11 ADALHAT MIRZAPUR UP SONEBHADRA

15:12 BHAWAN MIRZAPUR UP SONEBHADRA

15:13 DUDDHI SONEBHADRA UP SONEBHADRA

15:14 BABHANI SONEBHADRA UP SONEBHADRA

15:15 MYORPUR SONEBHADRA UP SONEBHADRA

15:16 KON SONEBHADRA UP SONEBHADRA

15:19 JIVNATHPUR CHANDAULI UP SONEBHADRA

15:20 KAILAHAT MIRZAPUR UP SONEBHADRA



119

15:21 NARAYANPUR MIRZAPUR UP SONEBHADRA

15:27 OBERA SONEBHADRA UP SONEBHADRA

15:28 NAI BAJAR SONEBHADRA UP SONEBHADRA

15:29 BIJPUR SONEBHADRA UP SONEBHADRA

15:30 NAUGARH SONEBHADRA UP SONEBHADRA

16:01 RAM KOLA KUSHINAGAR UP KUSHINAGAR

16:02 PADRAUNA KUSHINAGAR UP KUSHINAGAR

16:03 KASAYA KUSHINAGAR UP KUSHINAGAR

16:04 FAJI NAGAR KUSHINAGAR UP KUSHINAGAR

16:05 TAMKUHI ROAD KUSHINAGAR UP KUSHINAGAR

16:06 DUDAHI KUSHINAGAR UP KUSHINAGAR

16:07 KUBERSTHAN KUSHINAGAR UP KUSHINAGAR

16:08 KAPTANGANJ KUSHINAGAR UP KUSHINAGAR

16:09 HATA KUSHINAGAR UP KUSHINAGAR

16:10 KOTWA KUSHINAGAR UP KUSHINAGAR

16:11 JATANHA KUSHINAGAR UP KUSHINAGAR

16:12 KHIDAKIYA KUSHINAGAR UP KUSHINAGAR

16:16 RAMPUR DEORIA UP KUSHINAGAR

16:17 BARHAJ DEORIA UP KUSHINAGAR

16:18 DESAHI DEORIA DEORIA UP KUSHINAGAR

16:21 BHALUANI DEORIA UP KUSHINAGAR

16:22 PATHERDEWA DEORIA UP KUSHINAGAR

16:23 SADAR DEORIA UP KUSHINAGAR

16:24 KHADDA KUSHINAGAR UP KUSHINAGAR

16:25 Salemgarh KUSHINAGAR UP KUSHINAGAR

16:26 BATHUAA GOPALGANJ BR KUSHINAGAR

16:27 KATEYA GOPALGANJ BR KUSHINAGAR

16:28 BHORE GOPALGANJ BR KUSHINAGAR

16:29 KUCHAYKOT GOPALGANJ BR KUSHINAGAR

17:01 SAHJADPUR

AMBEDKAR

NAGAR UP AMBEDKARNAGAR

17:02 MALIPUR

AMBEDKAR


17:05 RAMNAGAR

AMBEDKAR


17:06 MUBARAKPUR

AMBEDKAR


17:07 BARIYAWAN

AMBEDKAR


17:08 GOSHAIGANJ FAIZABAD UP AMBEDKARNAGAR

17:09 ILPHATGANJ

AMBEDKAR


17:10 MAHARUWA

AMBEDKAR


17:11 PURA BAZAR FAIZABAD UP AMBEDKARNAGAR

17:12 TARUN FAIZABAD UP AMBEDKARNAGAR

17:14 KATEHARY

AMBEDKAR




120

17:15 DOSTPUR SULTANPUR UP AMBEDKARNAGAR

17:16 JAY SINGHPUR SULTANPUR UP AMBEDKARNAGAR

17:17 GUPTARGANJ SULTANPUR UP AMBEDKARNAGAR

17:18 HERINGTANGANJ FAIZABAD UP AMBEDKARNAGAR

17:19 BIKAPUR FAIZABAD UP AMBEDKARNAGAR

17:20 ENAYAT NAGAR FAIZABAD UP AMBEDKARNAGAR

17:21 KALAWARI BASTI UP AMBEDKARNAGAR

17:22 NAGAR BAJAR BASTI UP AMBEDKARNAGAR

17:23 KAPTANGANJ BASTI UP AMBEDKARNAGAR

17:24 CHHAWANI BASTI UP AMBEDKARNAGAR

17:25 NAWABGANJ GONDA UP AMBEDKARNAGAR

17:26 TARABGANJ GONDA UP AMBEDKARNAGAR

17:27 PARASHURAMPUR BASTI UP AMBEDKARNAGAR

18:01 KARWI CHITRAKOOT UP CHITRAKOOT

18:02 MANIKPUR CHITRAKOOT UP CHITRAKOOT

18:03 MAU CHITRAKOOT UP CHITRAKOOT

18:04 PAHADI CHITRAKOOT UP CHITRAKOOT

18:05 ATTRA BANDA UP CHITRAKOOT

18:06 NARAINI BANDA UP CHITRAKOOT

18:07 SHANKARGARH ALLAHABAD UP CHITRAKOOT

18:08 RAJAPUR CHITRAKOOT UP CHITRAKOOT

18:09 PASHCHIM SHARIRA KAUSHAMBI UP CHITRAKOOT

18:10 MAJHANPUR KAUSHAMBI UP CHITRAKOOT

18:11 SIRATHU KAUSHAMBI UP CHITRAKOOT

18:12 BANDA BANDA UP CHITRAKOOT

18:13 BABERU BANDA UP CHITRAKOOT

18:14 ORAN BANDA UP CHITRAKOOT

18:15 KAMASIN BANDA UP CHITRAKOOT

18:16 JASARA ALLAHABAD UP CHITRAKOOT

18:17 GHURPUR ALLAHABAD UP CHITRAKOOT

18:18 MURATGANJ KAUSHAMBI UP CHITRAKOOT

18:19 PURA MUFTI ALLAHABAD UP CHITRAKOOT

18:20 SARAI AKIL KAUSHAMBI UP CHITRAKOOT

18:21 KHURHAND BANDA UP CHITRAKOOT

18:22 TENDWARI BANDA UP CHITRAKOOT

18:24 DABHUARA REWA MP CHITRAKOOT

18:25 BARGARH CHITRAKOOT UP CHITRAKOOT

19:01 AMBIKAPUR SARGUJA CG SARGUJA

19:02 SURAJPUR SARGUJA CG SARGUJA

19:03 RAJPUR BALRAMPUR CG SARGUJA

19:04 BATAULI SARGUJA CG SARGUJA

19:05 BISHRAMPUR SARGUJA CG SARGUJA

19:06 LAKHANPUR SARGUJA CG SARGUJA

19:07 PRATAPPUR SURAJPUR CG SARGUJA

19:09 SITAPUR SARGUJA CG SARGUJA



121

19:10 BHAIYATHAN SURAJPUR CG SARGUJA

19:11 RAMANUJNAGAR SURAJPUR CG SARGUJA

19:12 SHANKERGARH BALRAMPUR CG SARGUJA

19:13 BALRAMPUR BALRAMPUR CG SARGUJA

19:15 BARIYON BALRAMPUR CG SARGUJA

19:16 UDAYPUR SARGUJA CG SARGUJA

19:17 PREMNAGAR SURAJPUR CG SARGUJA

19:18 WADRAFNAGAR BALRAMPUR CG SARGUJA

19:19 LUNDRA SARGUJA CG SARGUJA

19:24 CHARCHA KORIYA CG SARGUJA

19:25 RAMANUJGANJ BALRAMPUR CG SARGUJA

19:26 GUTURMA SARGUJA CG SARGUJA

19:27 NAGPUR KORIYA CG SARGUJA

19:28 SONAWAL BALRAMPUR CG SARGUJA

19:29 BALANGI BALRAMPUR CG SARGUJA

19:30 KHADGAWAN KORIYA CG SARGUJA

20:01 AURANGABAD AURANGABAD BR AURANGABAD

20:02 OBRA AURANGABAD BR AURANGABAD

20:03 DAUDNAGAR AURANGABAD BR AURANGABAD

20:04 AMBA AURANGABAD BR AURANGABAD

20:05 RAFIGANJ AURANGABAD BR AURANGABAD

20:06 HUSPURA AURANGABAD BR AURANGABAD

20:07 KARPI ARWAL BR AURANGABAD

20:08 ARWAL ARWAL BR AURANGABAD

20:09 NAVINAGAR AURANGABAD BR AURANGABAD

20:10 GOHE AURANGABAD BR AURANGABAD

20:11 MADANPUR AURANGABAD BR AURANGABAD

20:12 SERGHATI GAYA BR AURANGABAD

20:13 GURUVA GAYA BR AURANGABAD

20:14 DOBHI GAYA BR AURANGABAD

20:15 GURARU GAYA BR AURANGABAD

20:16 BANKEY BAZAR GAYA BR AURANGABAD

20:17 RANIGANJ GAYA BR AURANGABAD

20:18 HAIDAR NAGAR PALAMU JH AURANGABAD

20:19 KONCH GAYA BR AURANGABAD

20:20 KURTHA ARWAL BR AURANGABAD

20:21 HUNTERGANJ AURANGABAD BR AURANGABAD

20:22 PRATAPPUR AURANGABAD BR AURANGABAD

20:23 BODHGAYA AURANGABAD BR AURANGABAD

20:24 DUMARIYA GAYA BR AURANGABAD

21:01 DAMODARPUR MUZAFFARPUR BR MUZAFFARPUR

21:02 KARJA MUZAFFARPUR BR MUZAFFARPUR

21:06 MOTIPUR MUZAFFARPUR BR MUZAFFARPUR

21:07 MURUAL MUZAFFARPUR BR MUZAFFARPUR

21:08 SARFUDDINPUR MUZAFFARPUR BR MUZAFFARPUR



122

21:09 PEAR MUZAFFARPUR BR MUZAFFARPUR

21:10 MINAPUR MUZAFFARPUR BR MUZAFFARPUR

21:11 KURHANI MUZAFFARPUR BR MUZAFFARPUR

21:12 BOCHAHAN MUZAFFARPUR BR MUZAFFARPUR

21:13 PHULWARIYA MUZAFFARPUR BR MUZAFFARPUR

21:14 DEWARIYA MUZAFFARPUR BR MUZAFFARPUR

21:15 BHUSARA MUZAFFARPUR BR MUZAFFARPUR

21:16 SAKARI SARAIYA MUZAFFARPUR BR MUZAFFARPUR

21:17 MAHANTH MANIYARI MUZAFFARPUR BR MUZAFFARPUR

21:18 GORAUL VAISHALI BR MUZAFFARPUR

21:19 JHAPAHA MUZAFFARPUR BR MUZAFFARPUR

21:20 PATEPUR MUZAFFARPUR BR MUZAFFARPUR

21:21 BELSAR VAISHALI BR MUZAFFARPUR

21:22 RUNNISAIDPUR SITAMARHI BR MUZAFFARPUR

21:23 BARUARI MUZAFFARPUR BR MUZAFFARPUR

21:25 HANUMAN NAGAR DARBHANGA BR MUZAFFARPUR

21:26 BHARWADA DARBHANGA BR MUZAFFARPUR

21:27 HAYAGHAT DARBHANGA BR MUZAFFARPUR

21:28 JALLE DARBHANGA BR MUZAFFARPUR

22:07 BAIKUNTHPUR GOPALGANJ BR EAST CHAMPARAN

22:11 MUHAMMADPUR GOPALGANJ BR EAST CHAMPARAN

22:13 KESHRIYA

EAST

CHAMPARAN BR EAST CHAMPARAN

22:14 PIPARA

EAST CHAMPARAN BR EAST CHAMPARAN

22:15 KOTAWA


22:16 TURKAULIYA


22:17 ARERAJ

EAST


22:18 SANGRAMPUR

EAST


22:19 NAUTAN

WEST


22:20 JAGDISHPUR

WEST


22:21 RAJAWADA CHAUK MUZAFFARPUR BR EAST CHAMPARAN

22:22 MEHASI MOTIHARI BR EAST CHAMPARAN

22:23 PACHPAKADI

EAST


22:24 PHENHARA

EAST


22:25 CHIRAIYA

EAST


22:26 GHODASAHAN

EAST


22:27 MAJHAULIA

EAST




123

22:28 RAMGARHWA

EAST


22:30 ADAPUR

EAST


22:31 PAKADI DAYAL

EAST


22:32 JOGAPATTI

EAST


22:33 RAMNAGAR

WEST


22:34 CHANPATIA

WEST


22:35 BARAULI GOPALGANJ BR EAST CHAMPARAN

23:01 KELPURA TIKAMGARH MP TIKAMGARH

23:03 BAINDRI TIKAMGARH MP TIKAMGARH

23:04 JATARA TIKAMGARH MP TIKAMGARH

23:05 ANNANTPUR TIKAMGARH MP TIKAMGARH

23:06 SIMARA TIKAMGARH MP TIKAMGARH

23:07 MADIYA TIKAMGARH MP TIKAMGARH

23:08 TILA TIKAMGARH MP TIKAMGARH

23:12 RANIPURA

HARPALPUR CHHATARPUR MP TIKAMGARH

23:13 RANIPURA JHANSI UP TIKAMGARH

23:14 MAHRONI LALITPUR UP TIKAMGARH

23:15 MADAWARA LALITPUR UP TIKAMGARH

23:16 BADAGAON SAGAR MP TIKAMGARH

23:17 NOWGONG CHHATARPUR MP TIKAMGARH

23:18 BAR LALITPUR UP TIKAMGARH

23:19 BIJAWAR CHHATARPUR MP TIKAMGARH

23:20 BADA MALHERA CHHATARPUR MP TIKAMGARH

23:21 BIRDHA LALITPUR UP TIKAMGARH

23:22 JAKHAURA LALITPUR UP TIKAMGARH

23:23 BUXWAHA CHHATARPUR MP TIKAMGARH

23:24 TALVEHAT LALITPUR UP TIKAMGARH

23:25 BABINA LALITPUR UP TIKAMGARH

23:27 CHANDERI ASHOK NAGAR MP TIKAMGARH

23:28 ISANAGAR CHHATARPUR MP TIKAMGARH

23:29 LALITPUR LALITPUR UP TIKAMGARH

24:01 BENDHERBHADRA

KUNKURI JASHPUR CG JASHPUR

24:02 KANSABEL JASHPUR CG JASHPUR

24:03 PHARSABAHAR JASHPUR CG JASHPUR

24:04 NARAYANPUR JASHPUR CG JASHPUR

24:05 GAMHARIYA

JASHPUR JASHPUR CG JASHPUR

24:06 DULDULA JASHPUR CG JASHPUR

24:07 MANORA JASHPUR CG JASHPUR

24:08 LODAM JASHPUR CG JASHPUR



124

24:09 GANJIADIH (KOTBA) JASHPUR CG JASHPUR

24:10 SANNA JASHPUR CG JASHPUR

24:11 TAPKARA JASHPUR CG JASHPUR

24:12 RAIDIH GUMLA JH JASHPUR

24:20 BHARNO JASHPUR CG JASHPUR

24:21 GHAGHARA JASHPUR CG JASHPUR

24:22 SENHA JASHPUR CG JASHPUR

24:23 KUSUMI BALRAMPUR CG JASHPUR

24:24 BAGICHA JASHPUR CG JASHPUR

24:25 PATHALGAON JASHPUR CG JASHPUR

24:26 SISAI JASHPUR CG JASHPUR

25:01 GARHWA GARHWA JH GARHWA

25:02 JHALUA PIPRA

KHURD GARHWA JH GARHWA

25:03 MERAL GARHWA JH GARHWA

25:04 RAMNA GARHWA JH GARHWA

25:05 BISHUNPURA GARHWA JH GARHWA

25:06 NAGAR UNTARI GARHWA JH GARHWA

25:07 BHAWANATHPUR GARHWA JH GARHWA

25:08 PANDU PALAMU JH GARHWA

25:09 DHURAKI GARHWA JH GARHWA

25:10 RANKA GARHWA JH GARHWA

25:11 MANIKA LATEHAR JH GARHWA

25:12 LATEHAR LATEHAR JH GARHWA

25:13 PANKI PALAMU JH GARHWA

25:14 PATAN PALAMU JH GARHWA

25:15 HARIHARGANJ PALAMU JH GARHWA

25:16 PANDWA PALAMU JH GARHWA

25:17 LESLIGANJ PALAMU JH GARHWA

25:18 SHAHPUR PALAMU JH GARHWA

25:19 MEDANI NAGAR PALAMU JH GARHWA

25:20 SATBARWA PALAMU JH GARHWA

25:21 TARAHSI PALAMU JH GARHWA

25:22 CHATTARPUR PALAMU JH GARHWA

25:23 NAWDIHA BAZAR PALAMU JH GARHWA

25:25 MAJHIAON GARHWA JH GARHWA

26:01 MOHANGANJ PRATAPGARH UP PRATAPGARH&FATEHPUR

26:02 BAGHRAI PRATAPGARH UP PRATAPGARH&FATEHPUR

26:03 ALAPUR PRATAPGARH UP PRATAPGARH&FATEHPUR

26:04 BABUGANJ PRATAPGARH UP PRATAPGARH&FATEHPUR

26:05 DELHUPUR PRATAPGARH UP PRATAPGARH&FATEHPUR

26:06 CHILBILA PRATAPGARH UP PRATAPGARH&FATEHPUR

26:07 JAMTALI PRATAPGARH UP PRATAPGARH&FATEHPUR

26:08 BBUGANJ KUNDA PRATAPGARH UP PRATAPGARH&FATEHPUR

26:09 RANIGANJ KAITHOLA PRATAPGARH UP PRATAPGARH&FATEHPUR

26:10 JAGATPUR RAEBARELI UP PRATAPGARH&FATEHPUR



125

26:11 BHADAR SULTANPUR UP PRATAPGARH&FATEHPUR

26:12 MUNSHIGANJ AMETHI UP PRATAPGARH&FATEHPUR

26:13 MALWAN FATEHPUR UP PRATAPGARH&FATEHPUR

26:14 GHAZIPUR FATEHPUR UP PRATAPGARH&FATEHPUR

26:15 BAKEWAR FATEHPUR UP PRATAPGARH&FATEHPUR

26:16 AMAULI FATEHPUR UP PRATAPGARH&FATEHPUR

26:17 CHIWALAHA FATEHPUR UP PRATAPGARH&FATEHPUR

26:18 ASOTHER FATEHPUR UP PRATAPGARH&FATEHPUR

26:19 HASWA FATEHPUR UP PRATAPGARH&FATEHPUR

26:20 KHAKHERU FATEHPUR UP PRATAPGARH&FATEHPUR

26:21 PATARA

KANPUR

NAGAR UP PRATAPGARH&FATEHPUR

26:22 JONIHA FATEHPUR UP PRATAPGARH&FATEHPUR

26:23 HUSAINGANJ FATEHPUR UP PRATAPGARH&FATEHPUR

26:25 AUNG FATEHPUR UP PRATAPGARH&FATEHPUR

28:10 PATHARIA MUNGELI CG BILASPUR

28:11 NARAYANPUR BEMETARA CG BILASPUR

28:12 NAWAGARH BEMETARA CG BILASPUR

28:13 MULMULA

JANJGIR-

CHAMPA CG BILASPUR

28:14 BALODA

JANJGIR-

CHAMPA CG BILASPUR

28:15 BELGAHANA BILASPUR CG BILASPUR

28:16 MANGALA BILASPUR CG BILASPUR

28:17 BILHA BILASPUR CG BILASPUR

28:18 TAKHATPUR BILASPUR CG BILASPUR

28:19 PENDRA BILASPUR CG BILASPUR

28:20 MUNGELI MUNGELI CG BILASPUR

28:21 LORMI MUNGELI CG BILASPUR

28:22 PALI KORBA CG BILASPUR

28:23 URAGA KORBA CG BILASPUR

28:24 KATGHORA KORBA CG BILASPUR

28:27 MARWAHI BILASPUR CG BILASPUR

28:28 PASHAN KORBA CG BILASPUR

28:29 BODLA KAWARDHA CG BILASPUR

28:30 PANDARIYA KAWARDHA CG BILASPUR

28:31 RATANPUR BILASPUR CG BILASPUR

29:01 JARIYA HAMIRPUR UP HAMIRPUR

29:02 BHARUA SUMERPUR HAMIRPUR UP HAMIRPUR

29:03 MAUDAHA HAMIRPUR UP HAMIRPUR

29:04 MUSKARA HAMIRPUR UP HAMIRPUR

29:05 BIWAR HAMIRPUR UP HAMIRPUR

29:06 BABINA JALAUN UP HAMIRPUR

29:07 KURARA HAMIRPUR UP HAMIRPUR

29:08 RATH HAMIRPUR UP HAMIRPUR

29:09 PANWARI MAHOBA UP HAMIRPUR



126

29:10 SRINAGAR MAHOBA UP HAMIRPUR

29:11 BELATAL MAHOBA UP HAMIRPUR

29:12 CHARKHARI HAMIRPUR UP HAMIRPUR

29:13 KABARAI MAHOBA UP HAMIRPUR

29:14 NYAMATPUR JALAUN UP HAMIRPUR

29:15 KUTHOND JALAUN UP HAMIRPUR

29:16 JALAUN JALAUN UP HAMIRPUR

29:17 ORAI JALAUN UP HAMIRPUR

29:18 KONCH JALAUN UP HAMIRPUR

29:19 AIT JALAUN UP HAMIRPUR

29:20 ERACH JHANSI UP HAMIRPUR

29:21 MADHAUGARH JALAUN UP HAMIRPUR

29:22 SAMTHAR JHANSI UP HAMIRPUR

29:23 TAHRAULI JHANSI UP HAMIRPUR

29:24 GURSARAY JHANSI UP HAMIRPUR

30:01 BARKAGAON HAZARIBAGH JH HAZARIBAGH

30:02 SARIYA GIRIDIH JH HAZARIBAGH

30:03 ITKHORI CHATRA JH HAZARIBAGH

30:04 MANDU RAMGARH JH HAZARIBAGH

30:05 KATKAMSANDI HAZARIBAGH JH HAZARIBAGH

30:06 BARHI HAZARIBAGH JH HAZARIBAGH

30:07 HAZARI BAGH HAZARIBAGH JH HAZARIBAGH

30:08 JHUMARI TILAIYA HAZARIBAGH JH HAZARIBAGH

30:09 SIMIRIYA HAZARIBAGH JH HAZARIBAGH

30:10 BAGODAR GIRIDIH JH HAZARIBAGH

30:11 RAMGARH RAMGARH JH HAZARIBAGH

30:12 TANDWA CHATRA JH HAZARIBAGH

30:13 BALUMATH LATEHAR JH HAZARIBAGH

30:14 CHANDAWA LATEHAR JH HAZARIBAGH

30:15 CHATRA CHATRA JH HAZARIBAGH

30:16 FATEHPUR GAYA BR HAZARIBAGH

30:17 GOLA RAMGARH JH HAZARIBAGH

30:18 HERHANJGANJ LATEHAR JH HAZARIBAGH

30:19 LAWALAUN CHATRA JH HAZARIBAGH

30:21 NAWALSAHI KODERMA JH HAZARIBAGH

30:22 PATARATU RAMGARH JH HAZARIBAGH

30:23 RAJAULI NAWADA BR HAZARIBAGH

30:24 RAJPUR CHATRA JH HAZARIBAGH

31:01 ALINAGAR DARBHANGA BR SITAMARHI&DARBHANGA

31:02 BHUTAHI SITAMARHI BR SITAMARHI&DARBHANGA

31:03 SURSAND SITAMARHI BR SITAMARHI&DARBHANGA

31:04 TARIYANI SHEOHAR BR SITAMARHI&DARBHANGA

31:05 RIGA SITAMARHI BR SITAMARHI&DARBHANGA

31:06 MANIGACCHI DARBHANGA BR SITAMARHI&DARBHANGA

31:07 BISFI MADHUBANI BR SITAMARHI&DARBHANGA



127

31:08 BANKATTA MADHUBANI BR SITAMARHI&DARBHANGA

31:09 RAIYAM DARBHANGA BR SITAMARHI&DARBHANGA

31:10 RAJ NAGAR MADHUBANI BR SITAMARHI&DARBHANGA

31:11 SUPAUL DARBHANGA BR SITAMARHI&DARBHANGA

31:12 RATWARA SITAMARHI BR SITAMARHI&DARBHANGA

31:13 PARIHAR SITAMARHI BR SITAMARHI&DARBHANGA

31:14 KALUAHI SITAMARHI BR SITAMARHI&DARBHANGA

31:15 BAZPATTI SITAMARHI BR SITAMARHI&DARBHANGA

31:16 AURAI SITAMARHI BR SITAMARHI&DARBHANGA

31:17 MADHEPUR SITAMARHI BR SITAMARHI&DARBHANGA

31:18 BELSAND SITAMARHI BR SITAMARHI&DARBHANGA

31:19 ANDHRAHTHARHI MADHUBANI BR SITAMARHI&DARBHANGA

31:20 BASOPATTI MADHUBANI BR SITAMARHI&DARBHANGA

31:21 JAINAGAR MADHUBANI BR SITAMARHI&DARBHANGA

31:22 KHUTAUNA MADHUBANI BR SITAMARHI&DARBHANGA

31:23 PHULPARAS MADHUBANI BR SITAMARHI&DARBHANGA

31:24 SAHARGHAT MADHUBANI BR SITAMARHI&DARBHANGA

32:01 BENGABAD GIRIDIH JH GIRIDIH

32:02 BIRNI GIRIDIH JH GIRIDIH

32:03 CHAKAI JAMUI BR GIRIDIH

32:04 DEORI GIRIDIH JH GIRIDIH

32:05 DUMRI GIRIDIH JH GIRIDIH

32:06 GANDE GIRIDIH JH GIRIDIH

32:07 GAWAN GIRIDIH JH GIRIDIH

32:08 GIRIDIH GIRIDIH JH GIRIDIH

32:09 JAMUA GIRIDIH JH GIRIDIH

32:10 PIRTAND GIRIDIH JH GIRIDIH

32:11 RAJDHANWAR GIRIDIH JH GIRIDIH

32:12 TISRI GIRIDIH JH GIRIDIH

33:01 RAMPUR BAGHELA SATNA MP SATNA

33:02 NAGOD SATNA MP SATNA

33:03 KOTHI SATNA MP SATNA

33:04 UNCHAHARA SATNA MP SATNA

33:05 RAMNAGAR SATNA MP SATNA

33:06 SEMARIYA SIRMAUR MP SATNA

33:07 GUNNOR PANNA MP SATNA

33:08 DEVENDRANGAR PANNA MP SATNA

33:09 SALEHA PANNA MP SATNA

33:10 PAWAI PANNA MP SATNA

33:11 AMANGANJ PANNA MP SATNA

33:12 Babupur PANNA MP SATNA

34:01 BARAMKELA RAIGARH CG RAIGARH

34:02 BIRRA RAIGARH CG RAIGARH

34:04 DHARAMJAIGARH RAIGARH CG RAIGARH

34:05 GHARGHODA RAIGARH CG RAIGARH



128

34:06 KHARSIA RAIGARH CG RAIGARH

34:07 LELUNGA RAIGARH CG RAIGARH

34:08 PUSAUR RAIGARH CG RAIGARH

34:09 SARANGARH RAIGARH CG RAIGARH

34:10 SHAKTI RAIGARH CG RAIGARH

INFORMATION MEMORANDUM CASHPOR MICRO CREDIT · 2020. 9. 24. · Integrated Registry Management...

Documents

Transcript of INFORMATION MEMORANDUM CASHPOR MICRO CREDIT · 2020. 9. 24. · Integrated Registry Management...