Undertaking for Initial/ Annual Disclosure for Large Corporate pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2021/613 dated August 10, 2021
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Ajcon Global Services Ltd has submitted an undertaking to BSE confirming that it has no borrowings as on 31.03.2025. Because of this, the company does not qualify as a 'Large Corporate' under the SEBI circular dated August 10, 2021, which applies to entities with outstanding borrowings of ₹100 crore or above. As a result, the requirement to file an Initial Disclosure under this circular is not applicable to the company. The filing was signed by Ankit Ajmera, Director and CFO, on April 3, 2025.
This is a routine compliance filing with no material impact on shareholders or the stock. It simply confirms the company is below the SEBI large-corporate borrowing threshold, meaning no additional fundraising or disclosure obligations are triggered for now.