Enclosed herewith the declaration with respect to non- applicability of Large entities framwork to the Company for your information.
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Awaiting price reaction for this filing.
Katare Spinning Mills Ltd has submitted a declaration to BSE stating that the company does not fall under the 'Large Entity' category as of 31st March 2025. This is per the SEBI Circular dated 26th November 2018, which sets thresholds for companies raising funds through debt securities. The filing confirms the company is outside the scope of the Large Corporate framework and its additional compliance requirements. The declaration was signed by Managing Director Kishore Katare on 15th April 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is too small (likely below the ₹100 crore outstanding borrowing threshold) to be classified as a Large Entity, meaning fewer regulatory disclosure burdens.