<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.
Coastal Roadways Limited has submitted an initial disclosure to BSE confirming that it does not qualify as a 'Large Corporate' (LC) under the SEBI framework for fund raising through debt securities (SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018). The letter, signed on April 14, 2025 by Director & CFO Raja Saraogi and Company Secretary Sneha Jain, states that because the company is not classified as a Large Corporate, the said SEBI circular does not apply to it. Consequently, the company has no obligation to file any further disclosures under this circular.
This is a routine compliance filing and is essentially a non-event for shareholders — it simply confirms the company falls below the threshold for large corporate classification and therefore has no additional debt-related disclosure obligations. No material impact on stock price or shareholder value is expected.