<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> ....
AXISCADES · price
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Awaiting price reaction for this filing.
Axiscades Technologies has filed its initial disclosure under the SEBI circular dated October 19, 2023, regarding fund raising through debt securities by Large Corporates. The company confirmed it does not qualify as a 'Large Corporate' under the applicable criteria. As of March 31, 2025, the company's outstanding borrowing stood at Rs. 119.94 crore, and its highest credit rating during the previous financial year was A2+ from CARE Ratings Limited. The filing was signed jointly by Company Secretary Sonal Dudani and CFO Shashidhar SK on April 29, 2025.
This is a routine regulatory compliance filing with no material impact on shareholders. It simply confirms the company's borrowings are below the SEBI threshold that would trigger additional debt-raising obligations, indicating relatively modest debt levels and continued regulatory standing.