<b>Format of Initial 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> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
S H Kelkar and Company has filed its initial disclosure with BSE and NSE confirming that it does NOT qualify as a 'Large Corporate' under SEBI's Chapter XII framework governing fund raising through debt securities. As of March 31, 2025, the company's outstanding borrowings stood at Rs 135 crore, which falls below the SEBI threshold for the Large Corporate classification. The company holds a credit rating of CRISIL AA- with a Stable outlook, assigned by CRISIL Ratings Limited. This is a routine annual regulatory compliance filing required under SEBI's Operational Circular dated August 10, 2021, and its subsequent amendment dated October 19, 2023.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company is exempt from the mandatory minimum debt-securities borrowing requirement that applies to large corporates. The AA- credit rating indicates a strong investment-grade profile with low default risk.