Rajdarshan Industries Limited has informed the Exchange regarding 'Confirmation pertaining to non-applicability of SEBI circular dated November 26, 2018 pertaining to fund raising by issuance of debt securities by large entities'.
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Rajdarshan Industries Limited has submitted a confirmation to the stock exchange stating that the SEBI circular dated November 26, 2018 — which deals with fund raising through issuance of debt securities by large corporate entities — does not apply to the company. This circular typically applies to listed companies with outstanding borrowings of ₹1,000 crore or more, requiring them to raise a minimum portion of their funding through debt securities. By confirming non-applicability, the company is essentially stating that its borrowings fall below the large entity threshold. This is a routine regulatory compliance filing and does not involve any actual fund raising activity.
This is a routine compliance disclosure with no direct impact on shareholders or the stock price. It simply confirms the company is not classified as a 'large entity' under SEBI's borrowing norms, meaning it is not obligated to follow the specific debt security issuance requirements applicable to bigger corporates.