Premier Polyfilm Limited has informed the Exchange regarding 'Non applicability of SEBI Circular of SEBI Circular SEBI/HO/DDHSRACPODI/P/CIR/2023/172 dated 19th October 2023 - Revision in the framework for fund raising by issuanceof debt securities by Large Corporates)'.
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Premier Polyfilm Limited has filed a confirmation with NSE and BSE stating it does not qualify as a 'Large Corporate' under SEBI's circular dated October 19, 2023. The company, which manufactures Vinyl Flooring, PVC Sheeting, PVC Geomembranes, and PVC Artificial Leather cloth, has confirmed it does not fall under clauses 3.2(a), (b), and (c) of the Large Corporate definition as of March 31, 2026. As a result, the company is not required to file the Initial Disclosure for FY 2025-2026. The filing includes Annexure A showing outstanding borrowing of Rs. 2.99 crore as of March 31, 2026, and credit rating of ICRA BBB+ (Stable) / ICRA A2.
This is a routine compliance filing with no direct impact on shareholders. The disclosure confirms the company has relatively low debt levels (Rs. 2.99 crore) and maintains an investment-grade rating, but does not meet SEBI's threshold for Large Corporate classification.