<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> ....
ROHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Royal Orchid Hotels Ltd has informed the stock exchanges (BSE and NSE) that as on March 31, 2025, it does not meet all three criteria laid down by SEBI to be classified as a 'Large Corporate Entity', as per SEBI's circular dated November 26, 2018 and the subsequent circular dated October 19, 2023. The company's outstanding borrowings stand at Rs. 16 crores as of March 31, 2025. It holds a credit rating of ICRA A- (Stable) from ICRA Limited. Since the company does not fall under the Large Corporate category, the question of stock exchange for shortfall payment does not apply. This is a routine annual compliance disclosure under SEBI's Large Corporate framework, which requires certain large borrowers to mandatorily raise a portion of their funding through the capital markets.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock. It simply confirms that Royal Orchid Hotels' borrowing levels are below the threshold required for Large Corporate classification, meaning it has no obligation to raise funds from the capital markets under SEBI's Large Corporate framework for FY25.