<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> ....
NDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nandan Denim has informed the stock exchanges that, as of March 31, 2025, it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular on debt security fundraising. The company reported total outstanding borrowings of Rs. 216 crore, which falls below the threshold needed to be classified as a large corporate. As a result, the mandatory disclosure rules about raising a minimum portion of borrowings through listed debt securities do not apply to it. The filing also notes the company's credit rating as BBB/Stable (long-term) and A3+ (short-term) from Infomerics. This is a routine compliance filing confirming exemption from a specific regulation.
This is largely a procedural compliance update with no material effect on shareholders or the stock price. It simply confirms the company is below the 'Large Corporate' threshold and is exempt from related debt-market fundraising norms.