We confirm that we are not a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/20181144 dated November 26, 2018
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Awaiting price reaction for this filing.
Rex Sealing and Packing Industries Ltd has filed an initial disclosure with BSE confirming it does not qualify as a Large Corporate under SEBI's circular SEBI/HO/DDHS/CIR/P/201811144. The company disclosed outstanding bank borrowings of Rs 1.96 crore, which appears to be below the threshold for Large Corporate classification. No credit rating is applicable, and the company clarified that no fine provisions apply. Additionally, the Board of Directors has not yet approved the accounts for the financial year ended March 31, 2025.
Low impact for shareholders. The company remains outside SEBI's Large Corporate disclosure requirements, indicating relatively small scale. The pending financial accounts may create a short-term information gap as investors await audited results.