Raj Oil Mills Limited has informed the Exchange regarding 'Non-applicability of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26thNovember, 2018- fund raising by issuance of debt securities by Large Entities (asamended from time to time)'.
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Awaiting price reaction for this filing.
Raj Oil Mills Limited has told the stock exchange that a SEBI rule requiring large companies to raise at least 25% of their borrowings through the debt securities market does not apply to them. This SEBI circular applies only to companies classified as 'Large Entities' based on their outstanding borrowings crossing a set threshold. By submitting this filing, the company is confirming it either falls below that threshold or does not meet the criteria, so it is not obligated to raise funds from the corporate bond market. This is a routine quarterly/yearly compliance disclosure and does not involve any new fundraising activity.
This is a routine compliance clarification with no material effect on the stock price or shareholders. It simply confirms Raj Oil Mills does not fall under the SEBI 'Large Entity' category for mandatory debt-market fundraising.