Please find herewith the Disclosure for the company not falling under the category of large entity
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Awaiting price reaction for this filing.
Mahalaxmi Seamless Limited has informed BSE that it does not qualify as a Large Corporate under SEBI's framework (Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018) governing fund raising through debt securities. The company's outstanding long-term borrowing as on 31st March is less than Rs. 100 crore, which keeps it below the Large Entity threshold. Since the company is not a Large Corporate, requirements such as mandatory credit rating disclosure and penalty for shortfall in required borrowing do not apply to it. The letter is signed by Mr. Vivek Ma, Managing Director, and was filed on 15 April 2025.
This is a routine compliance filing with no direct impact on shareholders or stock price. It simply confirms the company is a smaller entity with limited debt exposure, meaning it faces fewer regulatory disclosure requirements related to debt issuance.