<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.
Shanti Educational Initiatives Ltd has submitted a confirmation to BSE stating that the SEBI circular on Large Corporate disclosures (dated November 26, 2018, and October 19, 2023) does not apply to the company. Under this framework, a company qualifies as a Large Corporate only if it has outstanding long-term borrowings of Rs. 1,000 crore or more and a credit rating of AA/AA+/AAA. The company has confirmed it does not meet these criteria and is therefore exempt from filing the initial and annual disclosures required under Annexures A, B1, and B2 of the circular. The letter is signed by the Company Secretary and Chief Financial Officer on April 18, 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is a small-cap entity by SEBI's borrowing-based standards, meaning it is exempt from certain large-corporate disclosure obligations.