In terms of the captioned subject, we hereby declare the the Company does not fall under the category of Large Corporate (LC) in terms of clause 1.2 of Chapter-XII of SEBI Master Circular ....
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Raunaq International Ltd has made a regulatory disclosure stating that the company does not fall under the category of Large Corporate (LC). This declaration is made in compliance with clause 1.2 of Chapter-XII of the SEBI Master Circular. Being classified as a Large Corporate would have imposed additional disclosure and borrowing-related obligations on the company. The filing essentially confirms the company's smaller corporate size relative to SEBI's threshold criteria for Large Corporates.
This disclosure is largely neutral for shareholders as it merely clarifies the company's regulatory classification status. The company avoids additional compliance requirements that apply to Large Corporates, which may include fund-raising disclosures and obligations to comply with enhanced securities creation norms.