Lorenzini Apparels Limited has informed the Exchange regarding 'Annual Disclosure of Non-applicability of SEBI Circular dated 26th November, 2018, with regard to fund raising by issuance of debt securities by large entities for financial year 2024-2025.'.
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Lorenzini Apparels Limited has submitted its annual disclosure to the stock exchange confirming that the SEBI circular dated 26th November 2018 on fund raising through debt securities by large entities does not apply to the company for FY 2024-2025. Under this SEBI circular, only 'large entities' with outstanding borrowings of Rs. 100 crore or more are required to disclose debt-related fundraising details. By filing this non-applicability disclosure, the company is essentially confirming that its outstanding borrowings fall below the Rs. 100 crore threshold. This is a routine annual compliance filing mandated by SEBI for all listed entities, regardless of whether the circular applies to them.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply indicates that the company is not classified as a 'large entity' under the specified SEBI circular for the current financial year.