<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.
Prima Agro Ltd has filed a declaration with BSE stating that it does not qualify as a 'Large Corporate' under SEBI's framework for debt securities issuance (Circular SEBI/HO/DDHS/CIR/P/2018/144 dated Nov 26, 2018, and subsequent revisions). As on March 31, 2025, the company's outstanding long-term borrowings stood at Rs. 6.27 crores (unaudited), which is well below the threshold for large corporate classification. The company does not hold any credit rating, and the disclosure requirements under the framework are therefore not applicable to it. The filing is signed by the Company Secretary and the Director & CFO.
This is a routine regulatory compliance disclosure with no material impact on shareholders or stock price. It simply confirms that Prima Agro's borrowing levels are too small to trigger the additional quarterly disclosure and borrowing obligations that apply to large corporates under SEBI rules.