<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
India Steel Works Ltd (BSE: 513361) has filed an Initial Disclosure with BSE as required under SEBI's circular on Large Corporate identification, dated 15 April 2025. The company confirms that it does NOT qualify as a Large Corporate under the criteria specified in clauses 2.2 and 3.2 of Annexure-A of the SEBI circular. Its total outstanding borrowing as on 31st March stood at only Rs. 51.44 crore, well below the Large Corporate threshold. The disclosure is signed by the Company Secretary and CFO, and BSE is named as the stock exchange where any shortfall fine would be paid if applicable.
This is a routine regulatory compliance filing with no material impact on shareholders. It simply confirms that India Steel Works is a relatively small borrower (Rs. 51.44 crore in outstanding debt) and is therefore exempt from the additional borrowing and disclosure obligations placed on Large Corporates by SEBI.