<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> ....
ONMOBILE · price
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Awaiting price reaction for this filing.
OnMobile Global Limited has submitted an initial disclosure to BSE and NSE under SEBI's Large Corporate framework, confirming it does NOT qualify as a Large Corporate. As of March 31, 2025, the company's outstanding borrowings stand at only Rs. 27.95 Crore, far below the Rs. 1,000 Crore threshold required for Large Corporate classification. The company holds a CRISIL BBB+/Stable credit rating. This is a routine annual compliance filing mandated by SEBI circulars dated August 10, 2021 and October 19, 2023. In the event of any future shortfall in mandatory borrowing requirements, the fine would be paid through BSE Limited.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. It actually signals that OnMobile carries very low debt (Rs. 27.95 Crore outstanding), suggesting a conservative capital structure with minimal leverage risk.