Declaration of Non applicability of Large Corporates.
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Awaiting price reaction for this filing.
Parshwanath Corporation Limited has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular regarding debt security issuance by large entities. The company confirmed that only its equity shares are listed, it does not have outstanding long-term borrowings of Rs 1,000 crore or above, and it does not carry a credit rating of AA, AA+, or AAA. This means the additional disclosure and compliance requirements for large corporates raising debt do not apply to the company. The filing was signed by the Joint Managing Director and CFO, Mrs. Riddhiben R. Patel, dated April 29, 2024 (digitally signed in 2025).
This is a routine compliance disclosure with no material impact on shareholders or stock price. It simply confirms the company is too small to be subject to SEBI's enhanced debt-raising disclosure framework.