<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> ....
MANGLMCEM · price
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Awaiting price reaction for this filing.
Mangalam Cement Ltd has filed its initial disclosure under the SEBI circular regarding Large Corporates (LC) framework for FY2024-25. The company confirmed it does NOT fall under the 'Large Corporate' category as per SEBI criteria. Outstanding borrowings stood at ₹304.61 crore as on 31st March 2025, well below the ₹1,000 crore threshold that defines a Large Corporate. The company's highest credit rating during the previous financial year was 'CARE A+ (Stable)' assigned by Care Ratings Limited. The disclosure was signed by Pawan Kumar Thakur (Company Secretary) and Yaswant Mishra (Executive Director & CFO) on 19 April 2025.
This is a routine annual compliance filing with no material impact on shareholders or stock price. It simply confirms Mangalam Cement's modest borrowings (₹304.61 Cr) keep it outside the Large Corporate framework, meaning no obligation to raise funds via debt securities markets. The CARE A+ stable rating indicates a comfortable credit profile.