Non Applicability of LC
Awaiting price reaction for this filing.
Mahaveer Infoway Limited has submitted a disclosure to BSE confirming it does not qualify as a 'Large Corporate' under the SEBI framework for FY ending 31 March 2025. The company's outstanding long-term borrowings stood at Rs. 1.72 crore at the start of the year and came down to Rs. 0.98 crore by year-end, with no incremental borrowing or debt securities issued during the year. Net worth as of 31 March 2025 was Rs. 4.03 crore, well below the Large Corporate threshold. The filing is purely a regulatory compliance requirement under SEBI's October 2023 circular.
This is a routine compliance filing and is not material for investors. It confirms Mahaveer Infoway is a small-cap company with a modest balance sheet and no fresh debt raised during the year.