As per captioned please find attached herewith the declaration of non-applicability of the above provision to our company. This is for your records. Thanks & Regards CS Mohini
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shanti Spintex Ltd has filed a confirmation with BSE stating that SEBI Circular SEBI/HO/DDHS/CIR/2018/144 (dated November 26, 2018) is not applicable to the company. The company clarified it does not fall under the 'Large Corporate' category as defined by the circular. Under this SEBI framework, Large Corporates must meet three criteria: listed securities, outstanding long-term borrowings of Rs 100 crores or above, and a credit rating of AA and above. Since Shanti Spintex does not qualify as a Large Corporate, it is exempt from filing the mandatory initial and annual disclosures (Annexures A and B1/B2) required under this circular. This is a routine negative confirmation filed for compliance purposes.
No direct impact on shareholders or stock price. This filing simply confirms the company is below the threshold for Large Corporate classification, likely because it has borrowings under Rs 100 crores or lacks the required credit rating. This is standard regulatory compliance and not a cause for concern.