<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> ....
SANATHAN · price
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Awaiting price reaction for this filing.
Sanathan Textiles Limited has confirmed to BSE and NSE that it does not qualify as a 'Large Corporate' under SEBI's circular dated October 19, 2023, as on March 31, 2025. The company is submitting the required initial disclosure in the prescribed format, but the substance of the filing is a non-applicability confirmation. This means the company's borrowings fall below the threshold (typically ₹1,000 crore in outstanding borrowings) that triggers Large Corporate status. As a result, the company is exempt from the additional SEBI obligations applicable to Large Corporates, such as the requirement to raise a minimum percentage of incremental borrowings through the corporate bond market. The disclosure is signed by Jude Patrick Dsouza, Company Secretary, dated April 28, 2025.
This is a routine regulatory filing with no material impact on shareholders or stock price. It simply confirms that the company is not subject to Large Corporate borrowing norms, meaning no mandatory bond-market fundraising obligations apply for FY25.