Rolex Rings Limited has informed the Exchange about Final Settlement for Right of Recompense
ROLEXRINGS · price
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Rolex Rings has fully settled its Right of Recompense (RoR) obligation of Rs. 101 crore with its consortium of lenders led by Union Bank of India. The lender consortium approved and released the final settlement amount, and Union Bank debited Rs. 101 crore from the company's account on March 31, 2026. With this payment, the company has completed all its RoR commitments to the lenders. The Right of Recompense is a mechanism where lenders recover any waiver granted during a past debt restructuring if the company recovers financially.
This is a positive development for shareholders as it closes a lingering financial obligation and removes uncertainty around past debt restructuring. The Rs. 101 crore outflow is significant and may impact short-term cash flows, but clearing legacy lender dues improves the company's credit profile and financial cleanliness going forward.