<b>Format of the Annual 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> ....
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Garware Synthetics Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's November 2018 circular on debt securities fundraising. The company confirmed it does not meet the criteria specified in Para 2.2 of the circular for the quarter and year ended 31st March 2025. This is an annual disclosure typically required from companies classified as large corporates, who must raise at least 25% of their incremental borrowings through debt securities. Since the company falls below this threshold, it is exempt from these mandatory debt-market fundraising requirements. The letter was signed by Director Sunder Kocha Moolya on 25th April 2025.
This is a routine regulatory disclosure with no material impact on shareholders. It simply confirms the company is small enough to be exempt from mandatory bond-market fundraising rules, indicating its borrowing levels are not significant enough to trigger large-corporate obligations.