<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> ....
VHLTD · price
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Awaiting price reaction for this filing.
Viceroy Hotels Limited has submitted a communication to BSE and NSE regarding the SEBI requirement for 'Large Corporates' to file an Initial Disclosure at the start of each financial year. Under SEBI Circular dated October 19, 2023, a listed entity qualifies as a Large Corporate only if it meets three conditions: (1) its securities are listed on a recognized stock exchange, (2) it has outstanding long-term borrowings of ₹1,000 crore or more, and (3) it has a credit rating of 'AA' or above for unsupported bank borrowings. The company states it meets only the first condition (equity shares listed on BSE and NSE) and does not meet the borrowing or credit rating thresholds. Therefore, it does not qualify as a Large Corporate, and the Initial Disclosure requirement for FY 2025-2026 is not applicable to it.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company falls outside the SEBI Large Corporate disclosure framework due to its smaller borrowing profile and/or credit rating.