EIH Associated Hotels Limited has informed the Exchange regarding 'Initial Disclosure with respect to non applicability of Large CorporateFramework" pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated 19" October 2023'.
EIHAHOTELS · price
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EIH Associated Hotels Limited has submitted an initial disclosure to the stock exchange stating that SEBI's Large Corporate Framework does not apply to the company. This framework, introduced via SEBI's October 2023 circular, requires large listed entities to raise at least 25% of their incremental borrowings through the corporate bond market. The filing suggests the company falls below the prescribed thresholds (based on market capitalisation or outstanding borrowings) that would otherwise bring it under the framework's scope. This is a routine regulatory compliance submission and does not involve any new financial commitment or change in business operations.
This is a procedural compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is not classified as a 'Large Corporate' under SEBI norms for this purpose.