Pursuant to SEBI Circular No SEBI/HO/DDHS/CLR/P/2018/144 dated November 26,2018, we confirm that our company Shivamshree Businesses Limited does not fall under the large corporate (LC) ....
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's November 2018 circular (SEBI/HO/DDHS/CIR/P/2018/144) for the financial year ending 31 March 2025. Because of this, the company is exempt from filing the Initial Disclosure and Annual Disclosure that large corporates must submit in connection with raising funds through debt securities. The circular typically applies to listed companies whose outstanding long-term borrowings or proposed debt issuance exceed ₹100 crore in a financial year. The letter was signed by Managing Director Prafulbhai Parshottambhai Bavisiya (DIN: 01908180) and filed on 7 May 2025.
This is a routine annual compliance disclosure with no material effect on the stock or shareholders. It simply confirms the company is small enough by SEBI's debt criteria to avoid extra reporting, and signals that Shivamshree does not have large outstanding borrowings requiring mandatory debt market disclosures.