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Awaiting price reaction for this filing.
Ghushine Fintrrade Ocean Ltd has informed the Bombay Stock Exchange that it does not fall under the 'Large Corporate' category as of 31st March 2025. This disclosure is being made under SEBI's Circular dated November 26, 2018, which deals with fund raising through debt securities by Large Entities and the related compliance requirements. The 'Large Corporate' classification is based on a company's outstanding borrowings, so being outside this category means the company is exempt from the additional quarterly disclosure obligations that apply to large debt issuers. The letter was signed by Alok Bhopalsingh Jain, Managing Director cum CFO, from the company's registered office in Surat.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is not classified as a Large Corporate and therefore is not subject to the extra SEBI disclosure requirements for large debt issuers.