<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> ....
SEAMECLTD · price
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Awaiting price reaction for this filing.
Seamec Limited has submitted its annual disclosure to BSE and NSE confirming that it does not qualify as a 'Large Corporate' under the SEBI framework (Circular dated October 19, 2023) for mandatory debt-security fundraising obligations. The company's outstanding qualified borrowings stood at Rs. 214.83 crore at the start of FY25 (April 1, 2024) and came down to Rs. 166.11 crore by March 31, 2025, reflecting a reduction of about Rs. 48.72 crore. The company did not undertake any incremental qualified borrowing during the year and did not issue any debt securities. No credit rating has been disclosed for unsupported bank borrowings or plain vanilla bonds.
This is a routine compliance filing with no material impact on shareholders. It signals that Seamec has actively deleveraged over the year (lower debt) and does not face any SEBI-mandated additional borrowing or disclosure requirements applicable to Large Corporates.