Confirmation for non-applicability of Criteria given for "Large Corporates" under SEBI Circular
Awaiting price reaction for this filing.
Veronica Production Limited has informed BSE that it does not fall under the criteria of a 'Large Corporate' as defined under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018, assessed as on 31 March 2025. Under this SEBI circular, companies classified as 'Large Corporates' are required to raise a minimum of 25% of their incremental borrowings through debt securities listed on stock exchanges. By confirming non-applicability, the company is stating that its borrowings or financial parameters fall below the prescribed threshold. This is a routine, year-end compliance disclosure and not a new financing event.
No material impact on shareholders or stock price. The filing simply confirms that the company is exempt from the mandatory bond/debt-security issuance requirement applicable to large corporates, suggesting its outstanding borrowings are below the SEBI-prescribed threshold.