<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> ....
RAMANEWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Rama Newsprint Ltd has informed BSE and NSE that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular on debt security fundraising by large entities, and is therefore exempt from the mandatory debt issuance requirements. The company reported outstanding borrowings of Rs. 58.24 crore as on 31st March 2025, which falls below the Large Corporate threshold. It also holds a credit rating of CARE BB from CARE Ratings. The disclosure was filed by CFO Mr. Mukeshkumar Samdaria on 29th April 2025 as part of annual compliance.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. The CARE BB rating indicates sub-investment grade credit quality, suggesting moderate-to-high borrowing risk, though the company's smaller debt size keeps it outside SEBI's Large Corporate norms.