<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.
Advik Capital Ltd has informed BSE that the company does not qualify as a 'Large Corporate' under SEBI's criteria for fund raising through debt securities. This refers to SEBI circulars from November 2018 and October 2023 that apply additional disclosure and borrowing obligations to companies classified as Large Corporate. The company has confirmed it falls below the threshold and therefore these specific SEBI requirements do not apply to it. The letter was filed on April 28, 2025, and signed by the Compliance Officer, Nisha Mittal.
This is a routine compliance filing with no material impact on shareholders. It simply clarifies that the company is below the size threshold for 'Large Corporate' status, meaning no incremental debt-raising or disclosure obligations under these specific SEBI rules.