<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> ....
MOTOGENFIN · price
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Awaiting price reaction for this filing.
Motor & General Finance Ltd has filed an initial disclosure with BSE confirming it does not qualify as a 'Large Corporate' under SEBI's circular dated April 13, 2022. The company's outstanding borrowings as on March 31, 2025 are NIL, which is well below the Rs. 100 crore threshold used to define large corporates. The highest credit rating during the previous financial year is marked as 'Not Applicable.' The disclosure was signed by M.K. Madan, who serves as both Company Secretary/Compliance Officer and Chief Financial Officer. The filing was made on April 2, 2025.
This is a routine compliance filing with no material impact on shareholders. It simply confirms the company is too small (borrowings under Rs. 100 crore) to fall under SEBI's Large Corporate framework, which would otherwise require mandatory issuance of bonds. No change to business outlook or stock price is expected.