Confirmation Regarding Not Falling Under Large Corporate Criteria With Reference to SEBI Circular No SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26,2018
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Addi Industries Limited has informed BSE that the company does not meet the criteria specified under Para 2.2 of SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. Accordingly, it does not fall within the category of 'Large Corporate' as defined under that circular. This circular pertains to fund-raising through issuance of debt securities by large entities. The confirmation was submitted as required under the SEBI framework and BSE's subsequent notice dated April 27, 2022.
This is a routine compliance disclosure and is largely neutral for shareholders. It indicates that Addi Industries is a smaller entity (likely with outstanding borrowings below ₹100 crore) and is therefore not subject to the additional borrowing and disclosure requirements imposed on large corporates. No material impact on stock price is expected.