Rushil Decor Limited has informed the Exchange regarding Disclosure pursuant to Large Corporate Entities as per SEBI Circular Dated 19th October 2023 for FY 2025-26.
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Rushil Decor Limited has filed an initial disclosure to stock exchanges confirming that it does NOT qualify as a 'Large Corporate' under SEBI's circular dated 19 October 2023. The company's outstanding long-term borrowings stood at ₹122.03 crore at the start of FY 2025-26 and ₹139.00 crore at year-end, with incremental borrowing of ₹16.97 crore during the year. The company also stated that it does not meet the required credit rating threshold. Its long-term bank facility rating from Infomerics is IVR A minus (Stable outlook) and short-term is IVR A Two Plus, which place it below the Large Corporate classification criteria.
This is a routine compliance filing with no material impact on shareholders. The non-Large Corporate status means the company has no mandatory obligation to raise a minimum portion of its borrowings through market-based debt instruments like bonds, giving it more flexibility in funding decisions.