<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.
Azad India Mobility Ltd (formerly Indian Bright Steel Co Ltd) submitted an initial disclosure to BSE on April 17, 2025, as required by SEBI's framework for Large Corporates regarding debt security issuances. The company has stated that it does NOT fall within the Large Corporate (LC) category for the financial year ended March 31, 2025. This is a routine compliance filing under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 and related BSE circulars. The disclosure is signed by Vedant Bhatt, Company Secretary & Compliance Officer. Since the company is below the Large Corporate threshold, the mandatory requirement to raise at least 25% of their incremental borrowings through debt securities does not apply to them.
This is a routine compliance filing with no material impact on shareholders or stock price. The company is simply confirming it falls below the Large Corporate threshold, meaning SEBI's mandatory debt-market borrowing requirements do not apply.