<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.
Permanent Magnets Limited has filed its annual disclosure with BSE confirming it does not qualify as a 'Large Corporate' under SEBI's August 10, 2021 circular for FY 2024-25. The company's total outstanding borrowing stood at Rs. 10.28 crore as on 31st March 2025, which is well below the Large Corporate threshold. The company holds a long-term credit rating of ACUITE BBB- and a short-term rating of ACUITE A3 from Acuite Ratings. BSE Limited has been named as the stock exchange for any potential fine payment, though this is procedural as the company is not classified as a Large Corporate. This is a routine annual regulatory compliance filing and does not indicate any corporate action.
This is a standard yearly compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company's borrowings remain modest and below SEBI's Large Corporate classification threshold.