<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> ....
GRSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Government of India defence shipbuilding PSU, has filed a mandatory initial disclosure under SEBI's October 2023 circular on debt issuance by Large Corporates. The company confirmed it does not fall under the Large Corporate category because its outstanding borrowing as on 31 March 2025 is NIL (zero). GRSE also disclosed its highest credit ratings during the previous financial year: CARE AAA (Stable) for long-term bank facilities and CARE A1+ for short-term bank facilities, awarded by CARE Ratings Limited. The disclosure was jointly signed by the Company Secretary and the Director (Finance) & CFO and submitted to both NSE and BSE.
This is a routine compliance filing with no material impact on shareholders. However, it highlights that GRSE operates debt-free and holds the highest possible domestic credit rating (AAA), signalling strong financial health and minimal credit risk for investors.