Indergiri Finance Limited is not a large Corporate as per the framework and applicability Criteria given under the aforesaid circular as on 31.03.2025
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Indergiri Finance Limited has submitted a filing to BSE confirming that it does not qualify as a 'Large Corporate' under the framework laid out in SEBI Circular dated 26th November 2018, as on 31st March 2025. This circular requires large corporates to raise a minimum portion of their borrowings through debt securities listed on a stock exchange. By confirming non-applicability, the company states that these mandatory debt-security issuance requirements and related compliance obligations do not apply to it for the financial year ending March 2025. The letter is signed by Ramjeet Yadav, Company Secretary & Compliance Officer.
This is a routine compliance disclosure with no material impact on shareholders or stock price. It simply confirms that the company falls below the 'large corporate' threshold, meaning SEBI's mandatory debt-securities borrowing norms don't bind it for FY2024-25.