Non-Applicability of SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 and SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 for year ....
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Awaiting price reaction for this filing.
Cian Healthcare Ltd has submitted a compliance confirmation to BSE stating that it does not qualify as a 'Large Corporate' under SEBI's circular dated 26 November 2018 and the operational circular dated 10 August 2021, which govern fund-raising through debt securities by large entities. The company confirmed this position as of 31 March 2025, meaning its outstanding borrowings are below the threshold that triggers additional disclosure and compliance obligations for large corporates. Notably, the letter is signed by a Resolution Professional (IBBI registered), indicating the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code.
This is a routine annual compliance filing with no direct impact on shareholders or stock price. However, the involvement of a Resolution Professional signals that the company remains under insolvency proceedings, which remains the key risk factor for investors.