Format of due diligence certificate to be given by the Debenture Trustee

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..... DEBENTURE TRUSTEE AT THE TIME OF FILING OF DRAFT OFFER DOCUMENT AND BEFORE OPENING OF THE ISSUE To, Stock Exchange Dear Sir / Madam, SUB.: ISSUE OF ____________________ BY _______________LTD. We, the Debenture Trustee (s) to the above mentioned forthcoming issue state as follows: (1) We have examined documents pertaining to the said issue and other such relevant documents, reports and certi .....

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..... nt memorandum and all disclosures made in the offer document/ placement memorandum with respect to creation of security are in confirmation with the clauses of debenture trustee agreement. (e) Issuer has disclosed all covenants proposed to be included in debenture trust deed (including any side letter, accelerated payment clause etc.), in the offer document/ placement memorandum. (f) Issuer ha .....

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..... cies and of independent verification of the various relevant documents, reports and certifications, WE CONFIRM that: (a) The Issuer has created charge over its assets in favour of debenture trustee as per terms of offer document/ placement memorandum and debenture trustee agreement. (b) Issuer has executed the debenture trust deed as per the terms of offer document/ placement memorandum and de .....

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..... before it was read as, "Regulation 44(3)" 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/77 dated 11-04-2022 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/190 dated 08-07-2024 before it was read as, "SCHEDULE IV FORMAT OF DUE DILIGENCE CERTIFICATE TO BE GIVEN BY THE DEBENTURE TRUSTEE [See 1[Regulation 40(a)] and 2[Regulation 44(3)(a)]] FORMAT OF DUE D .....

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..... ed the permissions / consents necessary for creating security on the said property (ies). (c) The issuer has made all the relevant disclosures about the security and also its continued obligations towards the holders of debt securities. (d) All disclosures made in the offer document with respect to the debt securities are true, fair and adequate to enable the investors to make a well informed de .....

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