Requirement of Initial and Annual Disclosure does not arise as the Criteria of Large Corporate mentioned under the SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26.11.2018 does not apply ....
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Sangal Papers Ltd has informed BSE that it does not fall under the 'Large Corporate' criteria mentioned in SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018 for the financial year ended 31 March 2025. The SEBI circular relates to fund raising by issuance of debt securities by large entities and mandates certain initial and annual disclosures for qualifying companies. Since the company does not meet the threshold, the requirement to make these disclosures does not arise. The letter is signed by the Company Secretary and Chief Financial Officer and dated 11 April 2025. Scrip code on BSE is 516096.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is below the size threshold that would trigger additional SEBI disclosure obligations related to debt securities issuance.