Confirmation of Non-applicability of fund raising by issuance of debt securities by LargeCorporates
ALMONDZ · price
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Almondz Global Securities has told the stock exchanges (BSE and NSE) that the SEBI framework requiring large companies to raise a portion of their funding through debt securities does not apply to it. As of March 31, 2025, the company's total outstanding long-term borrowings stood at just ₹22.01 crore, far below the ₹1,000 crore threshold that defines a 'Large Corporate' under SEBI rules. The company carries a credit rating of CARE BBB-;Stable from CARE Ratings Ltd. This is a routine regulatory compliance filing under SEBI's October 2023 circular, with no new business or financial action being announced.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that the company is too small in terms of borrowings to fall under SEBI's Large Corporate debt-raising framework.