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Awaiting price reaction for this filing.
Eastcoast Steel Limited has submitted a declaration to BSE stating that it does not meet the criteria of a 'Large Corporate' as defined under Para 2.2 of the SEBI Circular dated 26th November 2018. This circular pertains to fund-raising through debt securities by large entities and the associated compliance requirements. The company has confirmed its non-applicability of this framework. The filing is signed by P.K.R.K. Menon, Company Secretary, and dated April 28, 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is not classified as a large corporate for debt securities issuance purposes.