Lorenzini Apparels Clarifies Non-Applicability of Escrow Payment Mechanism Filings

Lorenzini Apparels Limited has clarified to the BSE Listing Department that it is not required to submit filings related to the Escrow Payment Mechanism. This is because the company has not issued any Municipal Bonds or debt securities, only equity shares. The SEBI regulations for such filings apply only to issuers of debt securities or those seeking listing of municipal debt securities on a private placement basis. Therefore, Lorenzini Apparels is exempt from this specific disclosure requirement.