<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> ....
KRITI · price
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Awaiting price reaction for this filing.
Kriti Industries (India) Limited has filed a compliance disclosure with BSE confirming that it does not qualify as a 'Large Corporate' under SEBI's circular dated 19th October 2023, which mandates large entities to raise a portion of their borrowings through public debt issues. The company's outstanding long-term borrowing stood at Rs 35.36 crore as of 31st March 2025, which is well below the threshold that triggers this requirement. It holds a BBB+ (Triple B Plus) credit rating from CARE Ratings for its bank borrowings. The disclosure was signed by Tanuj Sethi, Company Secretary, on 14th May 2025.
This is a routine regulatory compliance filing with no material impact on shareholders. It simply confirms that Kriti Industries' debt levels are modest enough to keep it outside the scope of SEBI's mandatory public debt issuance rules for large corporates, leaving its financing flexibility unchanged.