Confirmation w.r.t. Non Applicability of disclosure and complaince requirement under Large Corporate Framework in accordance with SEBI and BSE Circulars.
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New Light Industries Ltd has submitted a confirmation to BSE stating that it does not qualify as a 'Large Corporate' under SEBI's framework for fund raising through debt securities. As on 31st March 2026, the company's outstanding long-term borrowings are below ₹1,000 crores, and it does not hold a credit rating of AA, AA+, or AAA on its unsupported bank borrowings. Because both these conditions are not met, the additional disclosure and compliance requirements prescribed for Large Corporates are not applicable to the company. The filing was signed by Managing Director Saurabh Agrawal on 30th April 2026.
This is a routine annual compliance confirmation with no material impact on the stock or shareholders. It simply indicates that the company's debt levels remain modest, well below the ₹1,000 crore threshold, and therefore it is exempt from the heavier disclosure obligations applicable to large debt issuers.