Q.7 (ii) Write a letter to the debenture holder regarding payment of interest through Interest Warrant.
Best answer
Answer: Specimen letter
SAHYADRI TEXTILES LIMITED
Regd. Office: 45, M. G. Road, Nashik 422001
CIN: L00000MH2008PLC000000 | Tel: 0253-2550000 | Email: secretary@sahyadritex.in
Ref. No.: STL/SEC/INT/2025/214
Date: 1 October 2025
Mrs. Meera Kulkarni
7, Prabhat Road,
Pune 411004
Subject: Payment of interest on debentures through interest warrant
Dear Madam,
We are pleased to inform you that the Board of Directors, at its meeting held on 25 September 2025, has approved the payment of half-yearly interest on the 9% Secured Non-Convertible Debentures for the half year ended 30 September 2025. The details of interest payable to you are as follows:
| Debenture folio No. | D-0452 |
| Number of debentures held | 200 of ₹ 100 each |
| Nominal value | ₹ 20,000 |
| Gross interest at 9% p.a. for 6 months | ₹ 900 |
| Less: Tax deducted at source (10%) | ₹ 90 |
| Net interest payable | ₹ 810 |
We enclose herewith interest warrant No. 1187 for ₹ 810 drawn on Bank of Maharashtra, Nashik branch, payable at par at all its branches. The warrant is valid for three months from its date. A certificate of tax deducted at source will be sent to you separately.
Kindly note that you may opt to receive future interest directly in your bank account through ECS/NEFT by sending us your bank details (account number, IFSC and a cancelled cheque).
Thanking you,
Yours faithfully,
For Sahyadri Textiles Limited
(Signature)
Company Secretary
Encl.: Interest warrant No. 1187
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