<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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Decipher Labs Limited has filed an Initial Disclosure with BSE stating it does not qualify as a 'Large Corporate' under SEBI's framework (Circular dated October 19, 2023). To be classified as a Large Corporate, a company must meet three conditions: listed securities, outstanding long-term borrowings of Rs 1,000 crore or more, and a credit rating of AA or above. Decipher Labs meets only the first condition — it is listed on BSE — but its outstanding borrowings are just Rs 50,47,590 (approximately Rs 50 lakh) as of March 31, 2026. The company has confirmed it lacks the required borrowing size and credit rating, making the Initial Disclosure requirement not applicable for FY 2026-27.
No immediate impact on shareholders. The filing is a compliance confirmation clarifying that Decipher Labs falls outside the SEBI Large Corporate borrowing norms due to its small debt size.