Non-Applicability of SEBI Circular dated November 26, 2018 with regard to Borrowings by Large Corporates (LC)
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Brilliant Portfolios Ltd has informed the Bombay Stock Exchange that it does not qualify as a 'Large Corporate' (LC) under the SEBI Circular dated November 26, 2018, which governs fund-raising through debt securities by large companies. The classification is based on criteria mentioned in para 2.2 (ii) & (iii) of that circular. As a result, the company is exempt from the mandatory borrowing and disclosure requirements that apply to Large Corporates. The letter was filed on April 11, 2025, and signed by the Company Secretary & Compliance Officer.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company falls below the size threshold for Large Corporate classification, meaning it has no extra debt-issuance obligations under this particular SEBI rule.