This is with reference to the SEBI circular dated November 26, 2018 with regard to fund raising by issuance of debt securities by large entities, we hereby confirm that we, Prabhhans Industries ....
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Prabhhans Industries Limited has informed BSE that it is not classified as a 'Large Corporate' as of March 31, 2025, under the criteria laid out in SEBI's circular dated November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144). This circular requires large listed entities to raise a minimum portion of their funding through debt securities. Since the company falls below the 'Large Corporate' threshold, this mandatory debt-funding requirement does not apply to it. The confirmation was filed on April 25, 2025, and signed by the Managing Director and CFO, Satnam Singh.
This is a routine compliance disclosure with no material effect on shareholders. It simply confirms that the company is small enough to be exempt from SEBI's mandatory debt-security issuance rules, meaning no fundraising obligation or related compliance burden arises from this circular.