Non-Applicability of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26, 2018 with respect to Fund raising by issuance of Debt Securities by Large Entities
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Bilcare Limited has informed the BSE that it does not qualify as a 'Large Corporate' under SEBI's framework for fund raising through debt securities issuance. The circular (SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018) requires large corporates to raise a minimum portion of their borrowings through debt securities. Since Bilcare falls outside this requirement, no such obligation applies to the company. The disclosure was filed on April 22, 2025, as a routine compliance confirmation.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that Bilcare is below the size threshold and therefore not subject to mandatory debt market fund-raising norms.