<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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Awaiting price reaction for this filing.
Garnet International Ltd has submitted a letter to BSE confirming that it does not qualify as a 'Large Corporate' under SEBI's circulars on fund raising through debt securities (SEBI/HO/DDHS/CIR/P/2018/144 dated Nov 26, 2018, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated Oct 19, 2023). Because the company is not classified as a Large Corporate, it is not required to file the initial disclosure in Annexure A for the financial year ended March 31, 2025. The letter, dated April 5, 2025, is signed by Managing Director Ramakant Gaggar (DIN: 01019838). This is a routine regulatory compliance submission, and the company is essentially declaring that the disclosure obligation does not apply to it.
This is a routine, non-event compliance filing with no material impact on shareholders or the stock price — it simply confirms Garnet International falls below the Large Corporate threshold and owes no additional debt-related disclosure for FY25.