<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.
Shree Narmada Aluminium Industries Ltd has filed an initial disclosure with BSE under SEBI's framework for debt issuance by Large Corporates, declaring that it does NOT qualify as a Large Corporate. As of 31st March 2025, the company's outstanding borrowing stands at approximately Rs. 6.99 crore (Rs. 6,98,72,611.63), which is well below the threshold for Large Corporate classification. The company has not used any credit rating agency during the previous financial year. The disclosure was signed by Managing Director Kantilal Bhuralal Patel on 30th April 2025 and submitted to BSE.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. The disclosure simply confirms that the company's borrowing levels are too small to be classified as a Large Corporate under SEBI rules, so it is not obligated to raise a portion of its borrowings through listed debt securities.