<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> ....
RML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rane (Madras) Limited has filed its mandatory annual disclosure as a 'Large Corporate' under SEBI's October 2023 circular. The company's outstanding borrowings came down from Rs. 304.98 crore at the start of the financial year to Rs. 215.46 crore at the end, a reduction of about Rs. 89.52 crore. No debt securities were issued during the year, and the company did not undertake any incremental qualified borrowings. Notably, CRISIL upgraded its long-term credit rating to A+ (Stable) on April 15, 2025, reflecting improved creditworthiness.
The debt reduction and credit rating upgrade are positive signals indicating a stronger balance sheet and lower leverage, which should be viewed favorably by shareholders and lenders.