<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.
Gratex Industries Limited has filed an initial disclosure with BSE under SEBI Circular dated 10 August 2021 regarding the Large Corporate framework for debt securities issuance. The company confirmed that it does NOT qualify as a 'Large Corporate' under the applicable criteria. Its total outstanding borrowing as of 31 March 2025 was only Rs. 0.05 crore (Rs. 5 lakhs), which is well below the threshold. No credit rating was applicable, and BSE was named as the exchange for any potential shortfall fines. The disclosure was signed by the Company Secretary and CFO on 16 April 2025.
This is a routine annual regulatory compliance filing with no material impact on shareholders or the stock. It simply confirms that Gratex Industries is a very small company with negligible borrowings, and is therefore exempt from the mandatory debt issuance requirements that apply to large corporates.