We are not a "Large Corporate" within the framework given under Para 2.2 of SEBI circular No.144 dt.26.11.2018 and hence requisite disclosure does not arise.
SALZERELEC · price
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Awaiting price reaction for this filing.
Salzer Electronics has submitted its yearly declaration under SEBI's 2018 circular on large corporates, confirming that it does not qualify as a 'Large Corporate' for FY2025. The company reported total outstanding borrowings of just Rs. 24.47 crore as of 31 March 2025, which is well below the threshold for large corporate classification. Its credit rating stands at A/Stable for long-term and A1 for short-term debt. Because it falls outside the large corporate definition, the company is exempt from the mandatory requirement of raising at least 25% of its incremental borrowings through the bond market. The filing was signed on 16 April 2025 by the Company Secretary and the Joint Managing Director & CFO.
This is a routine compliance filing with no material impact on shareholders. It simply confirms Salzer's small borrowing base (Rs. 24.47 crore) means it is not subject to SEBI's bond-financing rules for large corporates, leaving its financing decisions flexible.