Please find the enclosed herewith Non-Applicability Disclosure pursuant to SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, in respect of fund raising by issuance of debt ....
Awaiting price reaction for this filing.
Auto Pins (India) Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. As a result, the Initial Disclosure and Annual Disclosure requirements related to fund raising through debt securities by large entities are not applicable to the company for FY ending March 31, 2025. The letter is signed by Company Secretary Somya Chaurasia and is purely a routine compliance confirmation. No fund-raising activity or debt issuance is being announced here.
This is a routine housekeeping filing with no impact on shareholders or stock price. It simply confirms that certain SEBI disclosure rules for large debt issuers do not apply to the company, reflecting its smaller scale relative to SEBI's large corporate threshold.