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 Limited has submitted a compliance filing to BSE confirming that the company is not classified as a 'Large Corporate' as on March 31, 2025, based on the criteria under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular requires large listed entities to raise a minimum portion of their borrowings through debt securities issued on a recognised stock exchange. Since the company does not meet the large corporate thresholds, it has no obligation to comply with this mandatory debt issuance requirement. The filing was signed by Director Roop Kishore Gola on April 24, 2025.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. Investors should note that the company has not crossed the size thresholds that would trigger mandatory debt security issuances, meaning no immediate fund-raising action is required under this SEBI framework.