<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.
Gujarat Cotex Limited has submitted its annual disclosure to BSE confirming that it does not qualify as a 'Large Corporate' under SEBI's framework as of March 31, 2025. The company's outstanding borrowings stand at only Rs. 3.30 Crores, which is well below the Large Corporate threshold. Since the company is not classified as a Large Corporate, related requirements such as mandatory credit rating and stock exchange identification for shortfall funding do not apply. The disclosure is filed pursuant to SEBI circulars dated November 26, 2018 and October 19, 2023. Signed by Managing Director Shaileshkumar Jayantkumar Parekh, this is a routine annual compliance submission.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply confirms the company's small scale of borrowings (Rs. 3.30 Crores) and its non-applicability status under SEBI's Large Corporate framework.