Submission of Non-Identification as Large Corporate entity
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Awaiting price reaction for this filing.
National Oxygen Limited has submitted a declaration to BSE confirming that as of 31st March 2025, the company does not qualify as a 'Large Corporate' under SEBI's framework for debt securities issuance (SEBI Circular dated 19 October 2023). This means the company's outstanding borrowings fall below the threshold that would classify it as a Large Corporate. The filing is a routine annual compliance requirement under the SEBI circular. The declaration has been signed by Rajesh Kumar Saraf, Managing Director.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is not large enough to fall under stricter SEBI debt issuance and disclosure norms, suggesting its borrowings remain below the Large Corporate threshold.