<b>Format of the Annual 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> ....
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Gala Global Products Limited has filed its annual disclosure to BSE under SEBI's operational circular on debt security borrowing by Large Corporates for FY 2024-25. The company confirmed that as of March 31, 2025, it does not qualify as a Large Corporate under the SEBI criteria. Consequently, the mandatory requirement to raise 25% of incremental borrowings through debt securities does not apply to it. All fields in the prescribed Annexure B2 format — including incremental borrowing, mandatory debt securities, and any shortfall/penalty — are reported as 'Not Applicable.' The disclosure is signed by the Company Secretary and Chief Financial Officer.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock. It simply confirms the company is below the Large Corporate threshold, so it has no obligation to borrow through listed debt securities and faces no penalties.