<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.
Rap Corp Ltd (formerly Rap Media Limited) has informed BSE that it does not qualify as a 'Large Corporate' under the SEBI framework for fund raising through debt securities (SEBI Circular dated Nov 26, 2018, read with the Oct 19, 2023 operational circular). The company has reported outstanding borrowings of Nil as of March 31, 2025, with no credit rating. Consequently, the company is exempt from filing quarterly Large Corporate disclosures for FY 2024-25. The initial disclosure has been signed by Company Secretary Irshad Mansuri and CFO Surendra Gupta.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company has no outstanding debt and does not meet the threshold for SEBI's large corporate disclosure requirements, meaning no mandatory borrowing obligations apply for the financial year.