Krishna Defence And Allied Industries Limited has informed the Exchange regarding ' ''Non-Applicability of Disclosure by Large Corporate (LC) pursuant to SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, updated as on April 13, 2022, and circular SEBI/HO/DDHS/DDHS-PODl/P/CIR/2023/172 dated October 19, 2023'.
KRISHNADEF · price
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Krishna Defence and Allied Industries Limited has filed a disclosure with the Exchange stating that the provisions requiring Large Corporate entities to make additional borrowings and incremental disclosures do not apply to the company. This filing is made under SEBI circulars dated August 10, 2021 (updated April 13, 2022) and October 19, 2023, which mandate that companies meeting certain size thresholds (based on borrowing and outstanding market capitalisation) must comply with enhanced disclosure norms. By submitting this, the company confirms it falls below the Large Corporate threshold and is exempt from these specific compliance requirements. This is a routine regulatory filing with no change to the company's operations or financial standing.
No material impact on shareholders or stock price. This is a routine compliance filing confirming the company does not meet the size criteria to be classified as a Large Corporate under SEBI norms.