With reference to the SEBI circular dated November 26, 2018 with regard to fund raising by issuance of debt securities by large entities, we hereby confirm that we, IFL Enterprises Limited ....
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IFL Enterprises Limited has submitted a compliance filing to BSE confirming that it is not classified as a 'Large Corporate' as of March 31, 2025, under the criteria specified in the SEBI circular dated November 26, 2018. This circular requires large listed entities to raise a minimum portion of their borrowings through debt securities. Since the company does not meet the large corporate threshold, this regulation does not apply to it. The letter was signed by Managing Director Sarang Dinesh Likhitkar on April 22, 2025.
This is a routine regulatory disclosure with no material impact on shareholders or the stock. It simply confirms IFL Enterprises is a small-cap company not subject to SEBI's large corporate debt issuance requirements, meaning no mandatory bond market borrowing obligations exist for it.