Non-applicability disclosure w.r.t Large Corporate vide SEBI Circular (SEBI/HO/DDHS/CIR/P/2018/144) dated November 26, 2018.
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Clinitech Laboratory Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's circular dated November 26, 2018. The Large Corporate classification typically applies to listed companies whose outstanding borrowings exceed a certain threshold (currently Rs 1,000 crore). By filing this disclosure, the company confirms its borrowings are below that threshold, so it is exempt from the additional annual disclosure and reporting obligations that large corporates must follow. The company recently converted from a private to a public entity (formerly Clinitech Laboratory Private Limited) and trades under scrip code 544220 on BSE.
This is a routine compliance filing with no material effect on the stock or shareholders. It simply confirms the company is small enough in terms of borrowings to be exempt from large-corporate disclosure norms, suggesting modest debt levels on the balance sheet.