<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.
Lactose India Limited has filed an initial disclosure with BSE under SEBI's framework for large corporates raising debt. The company confirms it does NOT qualify as a 'Large Corporate' as of 31st March 2025, based on the applicability criteria of the SEBI circular. Its outstanding long-term borrowings stand at Rs. 33.20 Crores, well below the large corporate threshold. The company carries a credit rating of BBB-/Stable from CRISIL for the previous financial year. The disclosure is signed by Ritesh Pandey, Company Secretary & Compliance Officer, dated 29th April 2025.
This is a routine regulatory filing and not a material event. It means the company is exempt from the mandatory incremental debt borrowing obligations that apply to large corporates. Long-term debt of Rs. 33.20 Cr and a BBB-/Stable rating suggest moderate leverage and a reasonable (though lower-tier investment grade) credit profile, with no immediate implications for shareholders.