<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> ....
Awaiting price reaction for this filing.
Silverline Technologies Ltd (BSE Scrip: 500389) submitted an initial disclosure to BSE on April 22, 2025, under SEBI's Large Corporate framework (Circular dated August 10, 2021). The company reported outstanding borrowings of Rs. 21.25 Crores as on March 31, 2025. Since this amount is well below the Rs. 100 crore threshold, the company confirmed it does NOT qualify as a 'Large Corporate' under SEBI norms. No credit rating was applicable during the previous financial year. The disclosure was signed by Company Secretary Kshipra Bansal and CEO Srinivasan Pattamadai Sithapathy.
This is a routine annual compliance filing with no material impact on shareholders or stock price. It simply confirms that Silverline Technologies carries relatively modest debt (Rs. 21.25 Cr) and is exempt from the additional borrowing and disclosure obligations that apply to Large Corporates.