Pursuant to Regulation 24A of the SEBI(LODR) Regulations, 2015 read with clause 3(b)(iii) of the SEBI Circular no CIR/CFD/CMD1/27/2019 dated February 08, 2019, please find enclosed herewith ....
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 has filed its Annual Secretarial Compliance Report for FY 2024-25, confirming it complied with all applicable SEBI regulations during the year. The report was issued by Practising Company Secretary G. Shanker Prasad. Separately, it disclosed an ongoing SEBI matter from FY 2022 where the regulator had alleged the company wrongly classified Ksheer Sagar Developers (KSDPL) as an associate instead of a subsidiary, affecting consolidated financials. SEBI's final order (Oct 2024) imposed ₹5 lakh and ₹1 lakh penalties; the company appealed to SAT, which has stayed the order and posted the next hearing for 4 August 2025. The company has deposited 50% of the penalties as required. Annexure A also lists older fines totalling about ₹42.56 lakh for board composition gaps during Aug-Sep 2023, all of which have been paid.
Routine annual compliance filing with no new negative actions from SEBI during the year. However, the pending SAT appeal and the KSDPL subsidiary classification issue remain open overhangs for shareholders; the next hearing on 4 August 2025 could influence sentiment.