ICRA LTD. - 532835 - Certificate Pursuant To Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find enclosed a certificate for the financial year ended March 31, 2023, in compliance with Regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Indian road logistics industry to clock high single-digit growth this fiscal: Report
The credit ratings agency also expects the demand momentum to continue in FY24, aided by stable domestic consumption and investment demand, ICRA said. ICRA LTD. - 532835 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyICRA LTD. 2CIN NO.L74999DL1991PLC042749 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE 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 Name of the Company Secretary: S Shakeb Rahman Designation: Company Secretary and Compliance Officer EmailId: [email protected] Name of the Chief Financial Officer: Venkatesh Viswanathan Designation: Group Chief Financial Officer EmailId: [email protected] Date: 13/04/2023 Note: 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.
Domestic aviation sector recovering, passenger traffic 60% higher in FY23
The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said on Wednesday. Despite this, domestic air passenger traffic remained around 4 per cent below the pre-pandemic (FY20) volume of 14.15 crore, the credit rating agency said. The Indian carriers had flown a total of 8.52 crore passengers on local routes in the year ended March 2022, as per ICRA. Domestic passenger traffic stood at 1.30 crore in March this year, a growth of around 22 per cent from March 2022 volume of 1.06 crore, said Suprio Banerjee, Vice President, ICRA. In FY23, the overall airlines' capacity deployment was higher by 38 per cent as compared to FY22, he said. The airlines' capacity deployment last month was higher by 14 per cent year-on-year and around 7 per cent more than pre-COVID level of March 2019, ICRA said. The domestic passenger load factor of the airlines industry, according to ICRA is estimated at 89
CNG penetration to rise to 18% by 2027 from 11% in 2022, says Icra
ICRA said that the new gas pricing policy led to CNG prices declining to levels seen nearly a year ago, thereby providing relief to the consumers ICRA LTD. - 532835 - Compliance Under Regulation 7(3) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended March 31, 2023
Please find enclosed compliance certificate pursuant to Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2023. ICRA LTD. - 532835 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed a disclosure in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. AC segment to see 10-15% volume growth this fiscal: ICRA
PLI scheme to help cut dependence on imported AC components
Earnings of primary base metal players to remain weak in near-term: Icra
The earnings of primary base metal industry is expected to remain weak in the near-term, mainly on high energy cost and range-bound market rates, according to ICRA. While better coal linkage availability would provide some respite, the margins would remain significantly lower than the levels seen in FY 2021-2022, the ratings agency said in its latest report. ICRA expects the "primary base metal industry's earnings to weaken significantly in FY2023 and remain so in the near-term, owing to stubbornly high energy costs and range-bound metal prices," it said. The list of base metals include aluminium, copper, nickel, tin, lead and zinc. "The operating margins of domestic base metal entities are estimated to weaken significantly by around 10 percentage points in FY23, owing to the double whammy of metal price corrections and elevated coal costs. "Consequently, the operating margin of domestic entities is expected to remain range-bound at 19-20 per cent in FY24," Jayanta Roy, Senior... New challenges: March Rain and crude production cut
Episode 11: Macro Economy | businessline's Shishir Sinha speaks to Aditi Nayar, Chief Economist, ICRA on India'sMacro Economy, economic indicators etc.