<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.
Shahi Shipping Limited (BSE: 526508) has filed a formal disclosure stating that it does not qualify as a 'Large Corporate' under SEBI's framework governing fund raising through debt securities. The company reported outstanding borrowings of Rs. 6,20,20,743.14 (about Rs. 6.20 crore) as on 31st March 2025, which is well below the Large Corporate threshold. Because of this, the mandatory debt issuance and disclosure requirements under the SEBI circulars dated 26 November 2018 and 10 August 2021 do not apply to it. The disclosure was signed by Managing Director Sarvesh Kumar Shahi (DIN: 00359535) on 30 April 2025.
This is a routine compliance filing and is not material to shareholders. It simply confirms the company carries relatively small borrowings and is exempt from SEBI's large-corporate debt issuance rules, meaning no extra borrowing or listing obligations arise from this filing.