<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> ....
MAFATIND · price
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Awaiting price reaction for this filing.
Mafatlal Industries has submitted its annual initial disclosure to BSE as required under SEBI's November 2018 circular on Large Corporate norms. The company confirmed that it does not qualify as a Large Corporate based on the applicability criteria in the circular. As on 31 March 2025, its outstanding borrowings stood at Rs 69.92 crore, which is below the Large Corporate threshold. The company's highest credit rating during the previous financial year was CARE BBB+ with a Stable outlook, assigned by CARE Ratings. The stock exchange designated for any shortfall-related fine is BSE. The disclosure was signed by Company Secretary Amish Shah and CFO Milan Shah on 25 April 2025.
This is a routine compliance filing with no material impact on shareholders. It simply confirms that the company's borrowing levels are modest enough to fall outside SEBI's Large Corporate framework, meaning no incremental disclosure or borrowing obligations are triggered.