Shriram City Union Finance Limited - Karvy

2. Notes to Accounts(1) The following subsidiary company is considered in the consolidated financial statements:Sr.No.Name of the Subsidiary Companya) Shriram Housing Finance Limited(Incorporated on 9 th November 2010)(2) Particulars of Secured LoansCountry ofincorporation% of holding eitherdirectly as at March31, 2011% of holding eitherdirectly as atMarch 31, 2010India 100% -a) Privately placed Redeemable Non-convertible Debentures of Rs 1000/- each (Retail)As at March 31,2011NumberAmount (Rs. in lacs)1,55,29,431 1,55,294.31Secured by equitable mortgage of title deeds of immovable property. Further secured by charge on plant andmachinery, furniture and other fixed assets of the Company, charge on Company’s hypothecation loans, other loans,advances and investments of the Company subject to prior charges created or to be created in favor of theCompany’s bankers, financial institutions and others.These Debentures are redeemable at par over a period of 12 months to 160 months from the date of allotmentdepending on the terms of the agreement. The earliest date of redemption is April 1, 2011. The last date ofredemption is October 25, 2017.Debentures may be bought back subject to applicable statutory and /or regulatory requirements, upon the terms andconditions as may be decided by the Company. The Company may grant loan against the security of NCDs upon theterms and conditions as may be decided by the Company and subject to applicable statutory and/or regulatoryrequirements.F-160