Eros International Media Limited has informed the Exchange regarding 'Non-applicability of SEBI Circular in connection with fund raising by issuance of Debt Securities by Large Entities'.
Awaiting price reaction for this filing.
Eros International Media has informed the stock exchange that the SEBI circular requiring large listed entities to raise a minimum portion of their borrowings through debt securities does not apply to the company. Under this SEBI rule, companies classified as 'Large Entities' (typically those with outstanding borrowings above ₹100 crore) must issue bonds or debentures for at least 25% of their incremental borrowings. By filing this, Eros is confirming that it either does not meet the large entity threshold or qualifies for an exemption. This is a routine compliance disclosure and not an indication of any new fundraising activity.
This is a neutral, routine regulatory filing with no direct impact on shareholders. It simply confirms Eros does not fall under the mandatory debt-securities issuance rule, meaning no obligation to tap the bond market for compliance purposes.