<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
Acknit Industries has confirmed to BSE and Calcutta Stock Exchange that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular. While the company's equity shares are listed on both stock exchanges, it does not meet the required thresholds of ₹1,000 crore or more in outstanding long-term borrowings, nor does it hold a credit rating of AA/AA+/AAA for its bank borrowings. As a result, the company is exempt from filing the initial disclosure mandated for Large Corporates. The submission was signed by Company Secretary Paulami Mukherjee on April 29, 2025.
This is a routine compliance confirmation with no material impact on shareholders or stock price. It simply clarifies that the company is too small in terms of borrowings and credit profile to fall under SEBI's Large Corporate framework.