Nandan Denim Limited has informed the Exchange regarding 'Non-applicability of SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/ 2023/172 dated October 19, 2023 '.
NDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nandan Denim Limited has informed BSE and NSE that the SEBI circular dated October 19, 2023, which deals with fund raising by issuance of debt securities by Large Corporates, does not apply to the company. The company confirmed that as of March 31, 2026, it does not fall under the 'Large Corporate' category as defined in Para 3.2 of the circular. Therefore, the mandatory debt issuance framework for Large Corporates is not binding on Nandan Denim. The filing is a routine compliance disclosure signed by the Company Secretary.
This is a routine regulatory compliance update with no material impact on shareholders or stock price. It simply confirms the company is below the size threshold that would trigger mandatory debt-market borrowing obligations, leaving its financing flexibility unchanged.