<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.
Shangar Decor Ltd has submitted an initial disclosure to BSE confirming that it does not fall under the 'Large Corporate Entity' category as defined under SEBI's circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. This SEBI framework applies to large entities for fund-raising through debt securities, with thresholds based on outstanding borrowings and turnover. By declaring non-applicability, the company is informing the exchange that its borrowings and/or turnover are below the prescribed thresholds. The filing is dated April 7, 2025, and signed by Managing Director Samirbhai Shah (DIN: 00787630).
This is a routine regulatory compliance filing with no direct impact on shareholders or stock price. It simply confirms the company is below the size threshold that would trigger additional debt-market borrowing obligations under SEBI's Large Corporate norms.