<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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HBG Hotels Ltd (formerly Phoenix Township Limited, BSE Scrip Code: 537839) has filed with BSE confirming that it does not fall under the definition of a 'Large Corporate' as per SEBI regulations. The company cited two SEBI circulars from 2018 and 2023 regarding fund raising through debt securities by Large Corporates. Since the company is not classified as a Large Corporate, it is not obligated to file any disclosures under these circulars for FY 2025-2026. The confirmation was signed by Managing Director Samit Hede on April 30, 2026.
This is a routine compliance filing with no direct impact on shareholders or stock price. It simply confirms that stricter disclosure requirements applicable to Large Corporates do not apply to HBG Hotels Ltd at this time.