<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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Awaiting price reaction for this filing.
Jindal Hotels Ltd has submitted a certificate confirming it does not qualify as a 'Large Corporate' under SEBI's framework (SEBI Circular dated August 10, 2021). The company's total outstanding borrowing as on 31st March 2025 stood at Rs. 44.57 crore, well below the Rs. 500 crore threshold that triggers mandatory debt market borrowing rules. The company holds a credit rating of CRISIL BBB-/Stable for both its term loan and working capital term loan. The disclosure has been signed by the Company Secretary and CFO and filed with BSE for record purposes.
This is a routine annual compliance filing with no material impact on shareholders or stock price. It simply confirms Jindal Hotels' borrowings remain small enough to be exempt from SEBI's Large Corporate obligations, indicating limited leverage and no mandatory bond issuance requirement.