<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> ....
CONFIPET · price
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Awaiting price reaction for this filing.
Confidence Petroleum India has submitted an initial disclosure to stock exchanges under SEBI's framework for Large Corporates (Chapter XII of Operational Circular dated August 10, 2021). The company has confirmed that it does NOT qualify as a 'Large Corporate' as per the applicability criteria in para 2.2 of the SEBI Circular. Despite this, it disclosed its outstanding borrowing of Rs 122 crore (all secured) as on March 31, 2025. The highest credit rating during the previous financial year was 'A' (Single A) assigned by Acuite Rating and Research.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. The company is not classified as a Large Corporate, so no mandatory borrowing or fine obligations arise under this framework.