<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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Garden Reach Shipbuilders & Engineers Ltd has submitted an Initial Disclosure to NSE and BSE as required under SEBI's October 2023 circular on fund raising through debt securities. The company has confirmed it does not qualify as a 'Large Corporate' under the framework's criteria. As of 31 March 2026, the company has NIL outstanding borrowings. The company's credit ratings from CARE Ratings are strong: CARE AAA (Stable) for long-term bank facilities and CARE A1+ for short-term facilities. This is a mandatory annual disclosure to be filed within 30 days from the start of the financial year.
This disclosure is neutral for shareholders as it confirms the company is not subject to Large Corporate borrowing norms. The NIL borrowing and AAA credit rating indicate a strong balance sheet with no debt obligations at the end of FY26.