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Awaiting price reaction for this filing.
Kati Patang Lifestyle Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's framework for fund raising via debt securities. The company states its long-term borrowings are below ₹100 crore, which is the threshold for large corporate classification. As part of the disclosure, the company confirmed its outstanding borrowings as on 31st March 2025, no credit rating from the previous fiscal year, and BSE as the relevant stock exchange. The company was formerly known as VirtualSoft Systems Limited. The filing was signed by the CFO Athar Ahmed and Company Secretary Sanjeev K Jha on April 29, 2025.
This is a routine compliance disclosure and has no material impact on shareholders or the stock price. It simply confirms the company is small in terms of debt borrowings and is not required to meet the mandatory 25% annual incremental borrowing requirement through debt securities that applies to Large Corporates.