Company Response to Exchange Query
Date and Nature of Query
Rentomojo Limited responded to regulatory queries from both BSE and NSE dated September 30, 2026. The exchanges sought clarification regarding a news article published on www.ndtvprofit.com on September 30, 2026, with the headline "Rentomojo To Raise Debt As It Targets 80-83% Occupancy: CEO Geetansh Bamania". The NSE reference was letter No. NSE/CM/Surveillance/17635, and the BSE reference was email L/SURV/ONL/RV/APJ/(2026-2027)/104.
Company's Clarification on Trading Volume and Financial Results
The company clarified that the interview given by Mr. Geetansh Bamania (Chairperson, Managing Director & CEO) was a general post-listing interview discussing the company's business model and operations. The headline presented routine business activities and previously disclosed information from the Prospectus dated September 11, 2026 as if they were new developments.
Regarding debt raising: The company confirmed that all borrowings are availed in the ordinary course of business for capital expenditure and acquisition of rental assets, funded through a combination of borrowings and internal accruals. The Board of Directors (meeting July 28, 2026) and shareholders (meeting August 4, 2026) had already authorized borrowing up to ₹10,000.00 million under Section 180(1)(c) of the Companies Act, 2013. Borrowings outstanding as of June 30, 2026 were disclosed in the Prospectus. The CEO stated that the business is generating internal accruals and its reliance on debt is decreasing. The company is not in any negotiations for new debt raises, and no proposal has been placed before the Board.
Regarding occupancy targets: The company clarified that occupancy rates of 83.34% (Fiscal 2026), 82.82% (Fiscal 2025), and 86.43% (Fiscal 2024) were already disclosed in the Prospectus on page 187. Any reference to occupancy in the interview related to this publicly available information, not new targets or guidance.
Regulatory Compliance Reference
The company specifically referenced Regulation 30 of the SEBI (LODR) Regulations, 2015, stating that there is no event or information requiring disclosure under this regulation. The company confirmed it has been making timely disclosures of all events and information having a bearing on its operations and performance, including price-sensitive information, in accordance with Regulation 30.
Details of Financial Results Clarification
The company emphasized that the article discussed ordinary course funding of capital expenditure toward rental assets and operating metrics already disclosed in the Prospectus. These do not represent new decisions, events, or developments. Under Regulation 30 of SEBI (LODR) Regulations, 2015 and the Company's Policy for Determination of Materiality of Events and Information, the company believes the article has no material impact on its operations, financial position, or performance.