<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.
Indian Infotech & Software Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular. Under that framework, a listed entity must meet three conditions to be classified as a Large Corporate: (1) listed securities on a recognized exchange, (2) outstanding long-term borrowings of ₹1,000 crore or more, and (3) a credit rating of 'AA' or above. The company meets only the first condition, as its equity shares are listed on BSE, but does not meet the borrowing size or credit rating thresholds. As a result, the requirement to file an Initial Disclosure for FY 2025–26 does not apply to the company.
This is a routine compliance confirmation with no material impact on shareholders or stock price. It simply signals that the company has modest borrowings well below ₹1,000 crore and is therefore exempt from additional SEBI large-corporate disclosures.