Pecos Hotels & Pubs Ltd has issued a formal clarification to the Bombay Stock Exchange regarding its status under SEBI's Large Corporate framework. The company confirmed that it does not fall under the Large Corporate (LC) category as defined by the Securities and Exchange Board of India's circular dated November 26, 2018.

SEBI Circular Compliance Status

The clarification addresses SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144, which establishes guidelines for fund raising through debt securities issuance by large entities. The circular outlines specific disclosure and compliance requirements for companies classified as Large Corporates.

Official Communication Details

Company Secretary and Compliance Officer Rajiv Kumar Sharma submitted the clarification on April 1, 2026. The communication was directed to the Bombay Stock Exchange at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

The company operates from two locations in Bangalore:

• Registered Office: #34, Rest House Road, Bangalore - 01
• Corporate Office: Guardian House, 139, Infantry Road, Bangalore - 01

Regulatory Framework Context

The SEBI circular establishes a framework for Large Corporates regarding debt securities issuance, including specific compliance and disclosure obligations. Companies falling under this category must adhere to enhanced regulatory requirements for fund raising activities through debt instruments.

Pecos Hotels & Pubs Ltd's clarification ensures regulatory transparency by formally confirming its exemption from these Large Corporate framework provisions, thereby providing clarity to stakeholders and the stock exchange regarding its compliance obligations.

Pecos Hotels & Pubs Limited has announced a key management change with the resignation of its Company Secretary and Compliance Officer. The hospitality company informed the Bombay Stock Exchange about this corporate development in compliance with regulatory requirements.

Key Management Personnel Change

Mr. Rajiv Kumar Sharma, who served as Company Secretary and Compliance Officer (Key Managerial Personnel), has tendered his resignation from the company due to personal reasons. The resignation letter was submitted on March 5, 2026, and was formally accepted by the Board of Directors.

Board Resolution and Acceptance

The Board of Directors convened on March 20, 2026, at 11:30 A.M. at the company's corporate office located at Guardian House, Infantry Road, Bangalore. During this meeting, the Board unanimously accepted Mr. Sharma's resignation and passed the necessary resolutions.

The Board resolution highlighted the company's appreciation for Mr. Sharma's assistance and guidance during his tenure as Company Secretary and Compliance Officer. The directors also authorized the filing of necessary forms with the Registrar of Companies to formalize the resignation process.

Regulatory Compliance

Pecos Hotels & Pubs Limited has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive documentation to the stock exchange, including:

• Formal intimation letter signed by Whole Time Director Liam Norman Timms (DIN: 06453032)
• Complete resignation letter from Mr. Rajiv Kumar Sharma
• Certified true copy of the board resolution
• Detailed annexure with event information as required under Schedule III

The company has requested the Bombay Stock Exchange to treat this communication as compliance with applicable provisions of the Listing Regulations. All necessary forms will be filed with the Ministry of Corporate Affairs to give effect to this resignation.

Company Information

Pecos Hotels & Pubs Limited operates with its registered office at Rest House Road, Bangalore, and corporate office at Guardian House, Infantry Road, Bangalore. The company maintains its commitment to regulatory compliance and transparent communication with stakeholders during this management transition.