In terms of captioned subject, we hereby declare that the Company does not fall under the category of Large Corporate (LC) in terms of clause 3.2 of SEBI Circular no. SEBI/HO/DDHS/DDHS-POD1/P/CIR/2023/172 ....
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Raunaq International Ltd has informed the BSE that the company does not qualify as a 'Large Corporate' under the SEBI circular dated October 19, 2023. This means the company's outstanding listed borrowings fall below the threshold that would classify it as a Large Corporate. As a result, the company is exempt from filing the additional quarterly or annual disclosures required of Large Corporates. The circular generally applies to firms with listed borrowings of ₹1,000 crore or more, along with certain other criteria. This is a routine compliance communication confirming the company is below that threshold.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that Raunaq International is a smaller borrower and is therefore exempt from certain bond-market disclosures meant for large debt issuers.