In view of the above, the Company is not identified as Large Corporate Entities as of 31.03.2025.
Awaiting price reaction for this filing.
Virgo Polymers India Ltd has submitted a disclosure to BSE under the SEBI circular dated 11th August 2021 (updated 13th April 2022) regarding fund raising through debt securities by Large Corporate entities. The company has confirmed that as on 31st March 2025, it does not qualify as a Large Corporate under the SEBI framework. This is an annual compliance filing declaring the company's status. The disclosure was signed by Vivek Ramsisaria, Managing Director, on 8th April 2025. BSE Scrip Code: 531288.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. It simply confirms that Virgo Polymers is a small-cap entity with borrowings below the Large Corporate threshold, meaning it is not subject to the additional 25% incremental borrowing requirement mandated for Large Corporates under SEBI rules.