Rushabh Precision Bearings Limited has informed the Exchange regarding 'Intimation regarding Non-Applicability of Annual Disclosure under the Framework for Large Corporate Entities pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023'.
Awaiting price reaction for this filing.
Rushabh Precision Bearings Limited has informed the stock exchange that the annual disclosure requirement under SEBI's framework for Large Corporate Entities is not applicable to the company. Under SEBI's October 2023 circular, companies classified as 'Large Corporate Entities' (typically based on borrowing thresholds) are required to make specific annual disclosures regarding their outstanding borrowing and financing plans. By stating non-applicability, the company confirms it falls below the threshold that would classify it as a Large Corporate Entity.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company does not meet the size criteria (based on outstanding borrowings) to be categorised as a Large Corporate Entity under SEBI norms.