Grand Foundry Limited has informed the Exchange regarding 'Disclosure of Non-applicability of SEBI circular SEBI / HO / DDHS / P / CIR / 2021 / 613- August 10, 2021 and its subsequent amendment, with regard to Fund raising by issuance of Debt Securities by Large Entities'.
Awaiting price reaction for this filing.
Grand Foundry Limited has informed the stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's framework for debt securities issuance. The company reported outstanding borrowings of Rs. 6.79 crores as of March 31, 2026, which is below the threshold that would classify it as a Large Entity. The filing is a routine regulatory compliance disclosure confirming the company's non-applicability under SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 and its amendments. The company also submitted its initial disclosure as required under the circular despite confirming non-applicability.
This filing has no direct impact on shareholders as it merely confirms regulatory compliance. The disclosure indicates the company is a small borrower with limited debt exposure, meaning it is not subject to enhanced disclosure requirements applicable to large debt issuers.