Rolex Rings standalone net profit declines 45.46% in the December 2024 quarter
14 - Feb - 2025 12:00 | 45 days ago
Net profit of Rolex Rings declined 45.46% to Rs 20.19 crore in the quarter ended December 2024 as against Rs 37.02 crore during the previous quarter ended December 2023. Sales declined 4.91% to Rs 259.88 crore in the quarter ended December 2024 as against Rs 273.31 crore during the previous quarter ended December 2023.
Rolex Rings has postponed the meeting of the Board of Directors which was scheduled to be held on 7 February 2025. The meeting will now be held on 14 February 2025.
Union Bank of India led consortium banks demand RoR of Rs 227.86 cr from Rolex Rings
05 - Feb - 2025 12:00 | 54 days ago
Rolex Rings has received communication from Union Bank of India demanding Right of Recompense (RoR) amount of Rs. 227.86 crore on behalf of consortium member banks.
The company said, We believe that the said demand from the Bank is not in line with the Master Restructuring Agreement as well as other agreements, executed with the Bank. We have refuted the basis for computation of RoR and have already communicated the same to Union Bank of India and other consortium banks too. We continue to engage with Union Bank of India and other consortium banks for settlement of RoR in an expeditious manner. We are also seeking external advice on the matter and will keep informed regarding any material developments in the matter.
Rolex Rings has postponed the meeting of the Board of Directors which was scheduled to be held on 7 February 2025. The meeting will now be held on 14 February 2025.
Union Bank of India led consortium banks demand RoR of Rs 227.86 cr from Rolex Rings
05 - Feb - 2025 12:00 | 54 days ago
Rolex Rings has received communication from Union Bank of India demanding Right of Recompense (RoR) amount of Rs. 227.86 crore on behalf of consortium member banks.
The company said, We believe that the said demand from the Bank is not in line with the Master Restructuring Agreement as well as other agreements, executed with the Bank. We have refuted the basis for computation of RoR and have already communicated the same to Union Bank of India and other consortium banks too. We continue to engage with Union Bank of India and other consortium banks for settlement of RoR in an expeditious manner. We are also seeking external advice on the matter and will keep informed regarding any material developments in the matter.
Rolex Rings standalone net profit declines 45.46% in the December 2024 quarter
14 - Feb - 2025 12:00 | 45 days ago
Net profit of Rolex Rings declined 45.46% to Rs 20.19 crore in the quarter ended December 2024 as against Rs 37.02 crore during the previous quarter ended December 2023. Sales declined 4.91% to Rs 259.88 crore in the quarter ended December 2024 as against Rs 273.31 crore during the previous quarter ended December 2023.
Rolex Rings has postponed the meeting of the Board of Directors which was scheduled to be held on 7 February 2025. The meeting will now be held on 14 February 2025.
Union Bank of India led consortium banks demand RoR of Rs 227.86 cr from Rolex Rings
05 - Feb - 2025 12:00 | 54 days ago
Rolex Rings has received communication from Union Bank of India demanding Right of Recompense (RoR) amount of Rs. 227.86 crore on behalf of consortium member banks.
The company said, We believe that the said demand from the Bank is not in line with the Master Restructuring Agreement as well as other agreements, executed with the Bank. We have refuted the basis for computation of RoR and have already communicated the same to Union Bank of India and other consortium banks too. We continue to engage with Union Bank of India and other consortium banks for settlement of RoR in an expeditious manner. We are also seeking external advice on the matter and will keep informed regarding any material developments in the matter.
Rolex Rings standalone net profit declines 45.46% in the December 2024 quarter
14 - Feb - 2025 12:00 | 45 days ago
Net profit of Rolex Rings declined 45.46% to Rs 20.19 crore in the quarter ended December 2024 as against Rs 37.02 crore during the previous quarter ended December 2023. Sales declined 4.91% to Rs 259.88 crore in the quarter ended December 2024 as against Rs 273.31 crore during the previous quarter ended December 2023.
Rolex Rings has postponed the meeting of the Board of Directors which was scheduled to be held on 7 February 2025. The meeting will now be held on 14 February 2025.
Union Bank of India led consortium banks demand RoR of Rs 227.86 cr from Rolex Rings
05 - Feb - 2025 12:00 | 54 days ago
Rolex Rings has received communication from Union Bank of India demanding Right of Recompense (RoR) amount of Rs. 227.86 crore on behalf of consortium member banks.
The company said, We believe that the said demand from the Bank is not in line with the Master Restructuring Agreement as well as other agreements, executed with the Bank. We have refuted the basis for computation of RoR and have already communicated the same to Union Bank of India and other consortium banks too. We continue to engage with Union Bank of India and other consortium banks for settlement of RoR in an expeditious manner. We are also seeking external advice on the matter and will keep informed regarding any material developments in the matter.
Rolex Rings has postponed the meeting of the Board of Directors which was scheduled to be held on 7 February 2025. The meeting will now be held on 14 February 2025.
Union Bank of India led consortium banks demand RoR of Rs 227.86 cr from Rolex Rings
05 - Feb - 2025 12:00 | 54 days ago
Rolex Rings has received communication from Union Bank of India demanding Right of Recompense (RoR) amount of Rs. 227.86 crore on behalf of consortium member banks.
The company said, We believe that the said demand from the Bank is not in line with the Master Restructuring Agreement as well as other agreements, executed with the Bank. We have refuted the basis for computation of RoR and have already communicated the same to Union Bank of India and other consortium banks too. We continue to engage with Union Bank of India and other consortium banks for settlement of RoR in an expeditious manner. We are also seeking external advice on the matter and will keep informed regarding any material developments in the matter.
