Piccadily Agro Industries Limited has informed the Exchange regarding SEBI Circular no. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, we hereby confirm that our Company is Not a Large Corporate for the financial year ended on 31st March, 2026
PICCADIL · price
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Piccadily Agro Industries has informed the stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's framework on fund raising through debt securities, for the financial year ended March 31, 2026. The company's total outstanding borrowings stood at Rs. 35,335.78 lakhs (approximately Rs. 353.36 crore) as of that date. Its long-term bank facilities are rated IVR A-/Stable and short-term facilities IVR A2+, both assigned by Infomerics Valuation and Rating Pvt. Ltd. The filing is a routine annual compliance requirement under SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and includes Annexure A with the required details. As Piccadily falls below the 'Large Corporate' threshold, the mandatory 25% debt-securities borrowing requirement under this framework does not apply to it.
This is a routine regulatory compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company is below the SEBI-defined threshold for large corporates and therefore has no obligation to raise funds through listed debt securities under this framework.