GAMMONINDNSEGammon India Limited· ConstructionLowNeutral
Announced Thu, 30 Apr · 16:11 IST
Gammon India Not Classified as Large Corporate Under SEBI Circular
Compliance View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Gammon India has confirmed to stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's November 2018 circular on debt securities issuance. The company is exempt because its credit rating is below AA. As a result, the mandatory disclosure and fund-raising requirements for Large Corporates will not apply to Gammon India for FY26-27.
Likely market impact
No material impact on shareholders; simply confirms the company is exempt from certain debt-related disclosure norms due to its lower credit rating.