<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> ....
HARRMALAYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Harrisons Malayalam Ltd has informed the stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's October 19, 2023 circular, which deals with fund raising through debt securities by large corporates. As of March 31, 2025, the company's outstanding borrowings stood at Rs. 99.54 crores, below the threshold required to be classified as a Large Corporate. The company also disclosed its credit ratings: CARE BBB with a Negative outlook for long-term bank facilities, and CARE A3+ for short-term bank facilities. Since the company is not classified as a Large Corporate, there is no obligation to pay any fine on stock exchanges for shortfall in required borrowing. The filing is signed by the Company Secretary and CFO.
This is a routine annual compliance disclosure with no material action required from shareholders. However, the Negative outlook attached to the company's CARE BBB long-term rating suggests some credit weakness, which investors should monitor closely.