Onelife Capital Advisors Limited has informed the Exchange regarding 'Non Applicability of SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 - fund raising by issuance of debt securities by Large Entities'.
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Onelife Capital Advisors has informed the stock exchange that a SEBI circular (dated November 26, 2018) regarding fund raising through debt securities by Large Entities does not apply to the company. This SEBI circular is meant for companies classified as 'Large Entities,' which are those with outstanding borrowings of ₹100 crore or more. By filing this non-applicability confirmation, the company is essentially declaring that its borrowings fall below the ₹100 crore threshold, so it is not required to comply with the mandatory debt fundraising norms under this circular. This is a routine compliance disclosure filed with the exchange to clarify its regulatory status.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. It simply confirms the company does not meet the 'Large Entity' classification based on its borrowing size.