<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.
Shiva Suitings Ltd has filed a disclosure with BSE confirming it is not classified as a 'Large Entity' under SEBI's framework for large corporate borrowers. The company states that its outstanding long-term borrowings are below Rs. 100 crores as on 31st March 2025, which is the threshold for the classification. As a result, the provisions of the SEBI/BSE circular requiring large entities to raise a minimum portion of borrowings through debt securities are not applicable to the company. This is a routine annual/periodic compliance filing under BSE Circular dated 3rd March 2020.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that the company is a small-to-mid-sized entity by SEBI standards and is exempt from additional debt-market fundraising obligations.