Submission of NON LARGE CORPORATE company as per framework of SEBI Circular dated 26.11.2018
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Octal Credit Capital 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 (SEBI Circular dated 26 November 2018). Since the company falls below the Large Corporate threshold, the requirements of this SEBI circular — which relate to mandatory disclosures and borrowing plans for large debt issuers — are not applicable to it. The letter was signed by Sweety Nahata, Company Secretary & Compliance Officer, and was also marked to the Calcutta Stock Exchange. This is a routine regulatory compliance submission with no financial figures or business data disclosed.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is small enough to be exempt from SEBI's large corporate debt issuance framework, meaning it has no mandatory obligation to disclose incremental borrowing or liquid asset details.