With Reference to the captioned Subject, we hereby confirm that our company does not fall under the Criteria for Large Corporates for the year ended 31st Mar, 2025 as per the framework ....
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Bharat Global Developers Ltd has informed the BSE that it does not qualify as a 'Large Corporate' under SEBI's circular dated 26 November 2018 (updated 19 October 2023) for the financial year ended 31 March 2025. Large Corporate classification applies to listed entities whose outstanding borrowings exceed a specified threshold and carries additional borrowing-related obligations. The company, formerly known as Kkrrafton Developers Ltd, has confirmed this non-applicability as part of its regular compliance filing.
This is a routine compliance disclosure with no material impact on shareholders or the stock price — it simply means the company is not subject to the additional borrowing and disclosure requirements that apply to large corporates.