<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.
Kiran Syntex Ltd has informed the BSE that it does not qualify as a 'Large Corporate' under SEBI's framework as on March 31, 2025. The disclosure is required under SEBI circulars dated November 26, 2018 and October 19, 2023, which apply to entities raising funds through debt securities. The company's outstanding borrowings stand at just Rs. 0.0915 Crore (approximately Rs. 9.15 lakhs), well below the Large Corporate threshold. Credit rating and stock exchange borrowing details have been marked as 'Not Applicable.' The intimation has been signed by Managing Director Maheshkumar Godiwala, CFO Ami Jigar Godiwala, and Company Secretary Darry Jain.
This is a routine annual compliance filing with no material impact on shareholders or the stock price. It simply confirms that Kiran Syntex is a small-cap company with negligible debt, and SEBI's Large Corporate borrowing requirements do not apply to it.