<b>Format of the Annual 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> ....
Awaiting price reaction for this filing.
Capri Global Capital Limited has filed its Annual Disclosure as a Large Corporate for FY 2024-25, as required under SEBI's circular on fund-raising by large corporates. In FY 2024 (T-1), the company did incremental borrowing of Rs 3,275 crore but raised Rs 0 through debt securities, against a mandatory requirement of Rs 818.75 crore (25% of incremental borrowings). In FY 2025 (T), incremental borrowings rose sharply to Rs 6,315 crore, but only Rs 20 crore was raised via debt securities, leaving a shortfall of Rs 1,578.75 crore. The shortfall from FY 2024 of Rs 818.75 crore has been carried forward to FY 2025.
The huge shortfall in mandatory debt-security issuance signals heavy reliance on bank loans and other non-bond borrowings, which may concern debt-market investors. However, no penalty is applicable since SEBI has extended the compliance period to a 3-year block starting FY 2022-23, giving the company more time to bridge the gap.