The company does not fall under the Large Corporate (LC) category as per the framework and applicability criteria provided in the SEBI Circulars SEBI/HO/DDHS/CIR/P/2018/144 dated November ....
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Logica Infoway Ltd has disclosed that it does not fall under the Large Corporate (LC) category as per the framework and applicability criteria provided in SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2019. This is a regulatory compliance filing where the company confirms its classification status. Being outside the LC category means the company is not subject to certain SEBI-mandated disclosure and utilization requirements applicable to Large Corporates, such as mandatory norms for disclosure of utilization of borrowings.
This is a neutral disclosure for shareholders. As a non-Large Corporate, Logica Infoway Ltd has fewer regulatory obligations under SEBI's Large Corporate framework, which may reduce compliance costs but also limits certain investor protections specific to LC-listed entities.