ICL Organic Dairy Products Limited are not identified as a Large Corporate as on March 31, 2025, as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 ....
Awaiting price reaction for this filing.
ICL Organic Dairy Products Ltd has informed BSE that it is NOT identified as a 'Large Corporate' as on March 31, 2025, based on the criteria in SEBI's November 2018 circular on debt security fundraising by large entities. Under this SEBI framework, 'Large Corporate' borrowers are required to raise at least 25% of their incremental borrowings through the debt securities market. By confirming it does not fall in this category, the company has no such mandatory obligation. The letter was signed by Director Roop Kishore Gola and filed on April 24, 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply clarifies that the company is below the size threshold qualifying it as a 'Large Corporate' under SEBI rules.