<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.
Eros International Media Ltd has filed a disclosure with BSE and NSE confirming that, as of March 31, 2025, it does not meet the criteria to be classified as a 'Large Corporate' under the SEBI circular dated November 26, 2018 (on fund raising by issuance of debt securities by large entities). The company's outstanding borrowing was reported as NIL (Rs Cr) on March 31, 2025. The highest credit rating during the previous financial year was ACUITE C, assigned by Acuite Ratings & Research Limited. NSE is named as the exchange where any shortfall fine would be paid, though the company explicitly confirms it is not a Large Corporate and is therefore exempt from the 25% mandatory debt-securities borrowing requirement.
This is essentially a routine compliance filing with no material effect on the stock. However, shareholders should note that the company has NIL outstanding borrowings and carries a very low 'ACUITE C' credit rating, which signals elevated credit/default risk and limited debt capacity.