<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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangalam Cement Limited has filed an Initial Disclosure under SEBI's Large Corporate framework (circulars dated August 2021, October 2023, and May 2024). The company reported outstanding borrowing of INR 304.61 crore as of March 31, 2025, and INR 390.72 crore as of March 31, 2026, indicating an increase in debt levels. The highest credit rating for the previous financial year is CARE A+ with a stable outlook, assigned by CARE Ratings Limited. Despite meeting certain thresholds, the company has confirmed it does not fall under the Large Corporate category as per the applicability criteria under the SEBI framework. The filing is signed by Pawan Kumar Thakur (Company Secretary) and Yaswant Mishra (Executive Director & CFO).
The disclosure confirms Mangalam Cement's borrowing increased by approximately INR 86 crore year-over-year, which warrants monitoring of leverage. The A+ stable credit rating provides comfort on debt servicing capability. The company avoiding Large Corporate classification may reduce certain disclosure obligations but does not materially impact shareholders.