<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.
Machhar Industries Limited has submitted a compliance filing to BSE confirming that it does not qualify as a 'Large Corporate' as per SEBI's circular dated November 26, 2018. The company's total outstanding borrowings as on 31st March 2025 stand at just Rs. 2.37 crore, which is far below the Rs. 100 crore threshold required to be classified as a Large Corporate. The company has no listed debt securities, no long-term borrowings above Rs. 100 crore, and no credit rating of AA or above. The filing is signed by the Company Secretary and CFO and submitted on April 21, 2025.
This is a routine annual compliance disclosure with no material impact on the stock price. It simply confirms the company remains a small borrower (under Rs. 3 crore in total debt) and is therefore exempt from the additional borrowing obligations that apply to Large Corporates under SEBI rules.