<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> ....
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Awaiting price reaction for this filing.
Baroda Rayon Corporation Limited filed its annual disclosure to BSE regarding its Large Corporate status as required under SEBI's operational circular dated August 10, 2021. The company reported outstanding borrowings of Rs. 174.74 Crores as on March 31, 2025 (provisional, subject to audit). It holds a credit rating of IVR BB-/Stable from Infomerics Valuation and Rating Ltd. The company confirmed that it does NOT qualify as a Large Corporate under the SEBI applicability criteria. This means it is not required to raise a minimum specified portion of its borrowings through the debt securities market. The disclosure was signed by the Company Secretary and CFO on April 30, 2025.
This is a routine annual compliance filing with no direct impact on shareholders. However, the BB- credit rating (below investment grade) signals elevated credit risk, which could mean higher borrowing costs for the company going forward.