Mangalam Global Enterprise Limited has informed the Exchange regarding 'Non-applicability of SEBI Circular SEBI/HO/DDHS/DDHS RACPOD1/P/CIR/2023/172 October 19, 2023 - Annual Disclosure for Large Corporate Entity for F.Y. 2025-26'.
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Mangalam Global Enterprise Limited has informed exchanges that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular, and therefore is not required to file the Annual Disclosure for FY 2025-26. The company meets only the first of three criteria — it has listed equity shares worth Rs. 32.96 crore on NSE and BSE. However, it does not have outstanding long-term borrowings of ₹1,000 crore or more, nor does it hold a credit rating of 'AA' or above for unsupported borrowings or plain vanilla bonds. The filing is a routine compliance disclosure confirming non-applicability of a specific SEBI mandate.
No direct impact on shareholders — this is a procedural filing confirming the company falls outside the Large Corporate disclosure framework due to insufficient borrowings and no qualifying credit rating.