<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 Plastics Ltd has filed a routine disclosure confirming that it does not qualify as a 'Large Corporate' under SEBI's framework governing fund raising through debt securities. The company reported total outstanding borrowings of Rs. 8.43 crore, which falls below the threshold required to be classified as a large corporate. Its highest credit rating during the previous financial year was BBB+ with a 'Watch Developing' outlook, assigned by CRISIL Ratings Limited. The filing was submitted to BSE on April 23, 2025, and signed by the Company Secretary and Chief Financial Officer.
This is a standard compliance filing with no material impact on shareholders or stock price. The disclosure confirms the company has a relatively small debt base (Rs. 8.43 Cr) and is exempt from the additional borrowing requirements imposed on large corporates under SEBI rules.