<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.
GB Global Limited (formerly Mandhana Industries Limited) has filed a confirmation with BSE and NSE stating that it does not fall under the SEBI Large Corporate framework as per SEBI Circular dated October 19, 2023. The Large Corporate classification applies to listed entities with outstanding borrowings above a specified threshold, requiring mandatory disclosure and borrowing norms. The company has reported its outstanding borrowing as 'Not Applicable,' which is why it does not qualify. The disclosure was signed by Managing Director Vijay Thakkar, CFO Kishan Jaiswal, and Company Secretary Nishi Jain on April 30, 2025.
This is a routine annual compliance filing with no material impact on shareholders or stock price. It simply confirms that GB Global has negligible or no outstanding borrowings and therefore is exempt from the Large Corporate disclosure and borrowing requirements under SEBI rules.