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SHERATON PROPERTIES & FINANCE LTD. - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
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29 Apr 2021
&lt;b&gt;Format of Initial Disclosure to be made by an entity identified as a Large Corporate.&lt;/b&gt;&lt;br/&gt;&lt;br/&gt; &lt;table border=&apos;&apos;1px&apos;&apos;&gt;&lt;tr&gt; &lt;td&gt;&lt;b&gt;Sr. No.&lt;/b&gt;&lt;/td&gt; &lt;td&gt;&lt;b&gt;Particulars&lt;/b&gt;&lt;/td&gt; &lt;td&gt;&lt;b&gt;Details&lt;/b&gt;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt;&lt;td&gt;1&lt;/td&gt;&lt;td&gt;Name of Compay&lt;/td&gt;&lt;td&gt;SHERATON PROPERTIES &amp; FINANCE LTD.&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt;&lt;td&gt;2&lt;/td&gt;&lt;td&gt;CIN&lt;/td&gt;&lt;td&gt;L45202MH1985PLC036920&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt;&lt;td&gt;3&lt;/td&gt; &lt;td&gt;Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr)&lt;/td&gt; &lt;td&gt;0.00&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt;&lt;td&gt;4&lt;/td&gt;&lt;td&gt;Highest Credit Rating during the previous FY &lt;/td&gt;&lt;td&gt;NA&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt;&lt;td&gt;4a&lt;/td&gt;&lt;td&gt;Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4)&lt;/td&gt;&lt;td&gt;Not Applicable&lt;/td&gt;&lt;/tr&gt; &lt;tr&gt;&lt;td&gt;5&lt;/td&gt;&lt;td&gt;Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the framework&lt;/td&gt;&lt;td&gt;BSE&lt;/td&gt;&lt;/tr&gt; &lt;/table&gt; &lt;br/&gt;&lt;br/&gt; &lt;div&gt; &lt;div style=&apos;&apos;float:left;&apos;&apos;&gt; We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No&lt;/div&gt; &lt;br/&gt;&lt;br/&gt;&lt;br/&gt; &lt;div style=&apos;&apos;float:left;&apos;&apos;&gt; Name of the Company Secretary: Mr. Tanmay Bidikar Company Secretary and Compliance officer of the Company resigned from the position of Company Secretary and Compliance Officer of the Company with effect from 16th January, 2021.As per the Provisions of Section 203(4) of the Companies Act,2013 the vacancy of the Company Secretary shall be filled within period of 6 months from the date of such vacancy. &lt;br/&gt; Designation: NA &lt;br/&gt; EmailId: sheratonproperties@gmail.com&lt;/div&gt; &lt;div &apos;&apos;style=float:left;margin-left:50px;&apos;&apos;&gt; Name of the Chief Financial Officer: Alpesh Patel &lt;br/&gt; Designation: Chief Financial Officer &lt;br/&gt; EmailId: sheratonproperties@gmail.com&lt;/div&gt; &lt;/div&gt; &lt;div&gt; &lt;br/&gt; Date: 29/04/2021&lt;br/&gt;&lt;br/&gt; &lt;b&gt;Note:&lt;b&gt; In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. &lt;/div&gt;
View all announcements for SHERATON PROPERTIES & FINANCE LTD. Source: BSE India