<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.
Olympic Cards Ltd has submitted a confirmation to BSE stating that it does not qualify as a 'Large Corporate' under SEBI's framework outlined in circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. The Large Corporate classification applies to companies with outstanding borrowing of ₹500 crore or above, along with their subsidiaries. Since Olympic Cards does not meet this threshold, the mandatory initial and annual disclosures required from large corporates (such as raising funds through issuance of debt securities) do not apply to the company. The letter is dated April 30, 2025, and signed by the Company Secretary, Dr. B.S. Kuppan.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply confirms the company is below the large corporate borrowing threshold, meaning no new fundraising or debt-security obligations are triggered under this framework.