This is to inform that Garnet constructions is not a large corporate as on 31st march 2025 as per the framework provided by the SEBI circular
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Garnet Construction Ltd has informed the BSE that it does not qualify as a 'Large Corporate' as of 31st March 2025, under the framework laid out in the SEBI circular regarding fund raising through debt securities by large entities. This means the company's outstanding borrowings or borrowing limits fall below the threshold set by SEBI for classification as a large corporate. As a result, it is not obligated to meet the minimum debt security issuance requirement (typically 25% of incremental borrowings) applicable to large corporates. The information has also been posted on the company's website.
This is a routine compliance disclosure with no material impact on shareholders or stock price. It simply confirms the company falls outside the SEBI large corporate framework for mandatory debt security issuance, leaving it with more flexibility in how it raises funds.