<b>Format of the Annual 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> ....
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Awaiting price reaction for this filing.
Chowgule Steamships Limited has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's circular dated 26th November 2018, which deals with fund raising through debt securities by large entities. The company states it does not meet the criteria outlined in Para 2.2 of the circular as of 31st March 2025. As a result, it is not classified as a Large Corporate for the financial year ended 31st March 2025 and the associated disclosure and compliance requirements do not apply to it. This is a routine annual compliance filing submitted by the Company Secretary on 17th April 2025.
This is a neutral, routine compliance disclosure with no material impact on shareholders or the stock price. It simply means the company is below the size threshold that would trigger additional debt issuance disclosure obligations under SEBI rules.