<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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garg Furnace Limited has submitted a disclosure to BSE confirming it is NOT classified as a Large Corporate under SEBI's framework for fund raising by issuance of debt securities (SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated October 19, 2023). The company's total outstanding borrowing as of March 31, 2025, was Rs. 1,40,13,551.94 (approximately Rs. 1.40 crore), which is well below the threshold for Large Corporate classification. Credit rating and stock exchange details were marked as 'Not Applicable' in the disclosure. The filing was signed by Devinder Garg, Managing Director, on April 19, 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply confirms the company is too small (in terms of borrowings) to fall under SEBI's Large Corporate disclosure requirements, which apply to entities with borrowings of Rs. 1,000 crore or above.