Rolex Rings Ltd. Receives Approval and Settlement of Right of Recompense Amount
Rolex Rings Ltd. announced on March 31, 2026, that Union Bank of India, acting as the lead bank for a consortium, and other member banks have approved and released a sanction for the final settlement of the Right of Recompense (RoR) amount, totaling Rs. 101 Crores.According to the company, this settlement fulfills Rolex Rings’ obligations regarding the RoR to the consortium lenders. Union Bank of India, representing the consortium lenders, recovered and debited Rs. 101 Crores from the company's account by the close of business on March 31, 2026.
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