The Company does not qualify as a "Large Corporate" and the requirement for initial disclosure for the F.Y. 2025-26 is not applicable.
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Awaiting price reaction for this filing.
Looks Health Services Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's framework for fund raising via debt securities by large entities. The criteria require a listed entity to have outstanding long-term borrowings of ₹1,000 crore or more and a credit rating of 'AA' or above. The company states it meets only the first condition (equity shares listed on BSE) but fails on the borrowing size and credit rating thresholds. Accordingly, the company is exempt from filing the initial disclosure for FY 2025-26. The letter is signed by Whole Time Director Monika Joshi on April 28, 2025.
This is a routine compliance filing with no material impact on the stock. However, it does signal that the company is small in scale, with long-term borrowings well below ₹1,000 crore and no high-grade credit rating.