Large Corporate Disclosure Not Applicable - Credit Rating Below SEBI Threshold

GIPCL has informed BSE that the SEBI Large Corporate disclosure framework is not applicable to it. Under SEBI circular SEBI/HO/DDHS/P/CIR/2021/613, a company qualifies as a Large Corporate only if it meets three criteria, including a credit rating of 'AA and above.' GIPCL's long-term borrowing credit rating from CARE is AA-, which is below the required AA threshold. Therefore, the company is exempt from submitting Initial and Annual disclosures as a Large Corporate. GIPCL stated it will review applicability periodically.