Intimation regarding non-applicability of disclosure under the framework for Large Corporate entities pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19th October, 2023.
Awaiting price reaction for this filing.
Rushabh Precision Bearings Ltd has informed the stock exchanges (BSE and NSE) that it does not qualify as a 'Large Corporate' as on March 31, 2025. Because of this, the mandatory initial disclosure requirements under SEBI's framework for fund raising by issuance of debt securities by large entities are not applicable to the company. The filing references three SEBI circulars, the latest being dated October 19, 2023. This is a routine annual compliance confirmation, signed by Director Praveen Chandola, indicating the company falls below the size threshold that triggers large corporate disclosure obligations.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is too small to be subject to the additional debt-related disclosure rules meant for large corporates.