<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> ....
BHAGCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhagiradha Chemicals & Industries has filed a regulatory confirmation with BSE and NSE stating it does not qualify as a 'Large Corporate' under SEBI's framework for debt securities issuance. As of March 31, 2025, the company's outstanding long-term borrowings were Rs. 36.62 crore, well below the Rs. 1,000 crore threshold that defines a Large Corporate. The company also disclosed its highest credit rating during the previous financial year as BBB+ with a Positive outlook, assigned by India Ratings & Research. The filing is a routine annual compliance requirement under SEBI's circulars dated November 26, 2018, and October 19, 2023. Both the Company Secretary and CFO have digitally signed the disclosure dated April 21, 2025.
This is a routine compliance disclosure with no material impact on the stock price. Shareholders should note the company's relatively modest debt load of Rs. 36.62 crore and its BBB+ credit rating with a Positive outlook, suggesting a stable but moderate credit profile.