<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
Octaware Technologies Ltd has informed the BSE SME exchange that it does not qualify as a Large Corporate (LC) under SEBI's framework for debt security issuance, as per the SEBI circulars dated November 26, 2018 and October 19, 2023. As of 31st March 2025, the company has nil outstanding borrowings and no credit rating. The disclosure, signed by the CFO Shavin Z Shaikh on April 15, 2025, confirms the company is below the threshold required to be classified as a Large Corporate. This is a routine annual compliance filing required of all listed entities, with no actual borrowing activity involved.
This is a routine compliance disclosure with no material impact on shareholders or the stock price — it simply confirms the company does not meet the Large Corporate criteria, likely because its borrowings are minimal or nil.