ALPHA TRIBE

Viceroy Hotels LimitedOthers, 28-11-2024: Action(s) taken or orders passed

28-11-2024 | 06:26 pm

Viceroy Hotels Limited has received an administrative warning letter from SEBI regarding non-compliance related to the disclosure of a forensic audit initiated during its Corporate Insolvency Resolution Process (CIRP). Although the audit was disclosed, the report was not finalized as creditors were paid post-CIRP. The company submitted its detailed response on the matter to SEBI. Importantly, this warning is not expected to adversely impact the company’s financial or operational activities. Investors may view this development with a neutral perspective, as there are no current financial repercussions.

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