<b>Format of the Annual 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> ....
RITES · price
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RITES Ltd has submitted its mandatory annual disclosure to NSE and BSE confirming that it does not fall under the 'Large Corporate' criteria defined under SEBI's circular dated August 10, 2021 (updated October 19, 2023). Large Corporates are entities required to meet a portion of their incremental borrowing through debt securities. Since RITES does not qualify, all mandatory borrowing, shortfall, and penalty fields in the prescribed format are marked 'N.A.' (Not Applicable). The disclosure covers the 2-year block of FY 2024-25 and FY 2025-26, and also confirms no fine is payable for the previous block of FY 2023-24 and FY 2024-25. The filing is signed by the Company Secretary and CFO.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms that RITES is below the size threshold to be classified as a Large Corporate, meaning it has no obligation to borrow through debt securities under SEBI's framework.