<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> ....
INDORAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indo Rama Synthetics (India) Limited has filed an initial disclosure with the stock exchanges stating that, as of 31 March 2025, it does not meet all the criteria to be classified as a 'Large Corporate' under SEBI's framework for debt security issuance. The company reports outstanding borrowings of INR 367 crore as of 31 March 2024. Its highest credit rating during FY 2023-24 was IND A-, assigned by India Ratings & Research (Ind-Ra). Because it doesn't satisfy the SEBI Large Corporate thresholds, the mandatory disclosure and compliance requirements under those circulars do not apply to it. The filing is signed by the Company Secretary and Chief Commercial & Financial Officer, dated 1 May 2025.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms the company has flexibility in choosing how to raise debt and is not required to mandatorily issue debt securities on the public market as a 'Large Corporate'.