<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.
Caspian Corporate Services Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's framework for FY 2025-26. Under SEBI's circular, a listed entity is classified as a Large Corporate if it meets three conditions: equity listing, outstanding long-term borrowings of Rs 1,000 crore or more, and a credit rating of AA or above. The company meets only the first condition (its equity shares are listed on BSE). Its outstanding borrowings as on 31 March 2025 stood at Rs 20.50 crore (Rs 20,50,28,726), which is well below the Rs 1,000 crore threshold, and it does not have a credit rating (marked N.A.). Therefore, the requirement to file an Initial Disclosure does not apply to the company for FY 2025-26. The disclosure is signed by Managing Director Sukumar Reddy Garlapati, CFO Laxmi Narayana Punna, and Company Secretary Sarfraz Taherbhai Mulla.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is a small-cap entity with modest borrowings and no credit rating, meaning it is exempt from SEBI's Large Corporate disclosure obligations for the coming financial year.