<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> ....
SEIL · price
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Awaiting price reaction for this filing.
Shanti Educational Initiatives Ltd has submitted a confirmation to BSE stating that the SEBI Large Corporate disclosure requirements under circulars SEBI/HO/DDHS/CIR/P/2018/144 and SEBI/HO/DDHS/DDHSPOD1/P/CIR/2023/172 are not applicable to the company. The company states it does not meet the Large Corporate criteria, which require: (i) listed specified securities, debt securities, or non-convertible redeemable preference shares; (ii) outstanding long-term borrowings of Rs. 1000 crore or above; and (iii) a credit rating of AA/AA+/AAA for unsupported bank borrowings or plain vanilla bonds. The confirmation was signed by the Company Secretary and CFO.
This is a routine regulatory confirmation indicating the company falls below the thresholds for Large Corporate classification. No material impact on shareholders or stock price expected.