Sky Gold and Diamonds Limited has informed the Exchange regarding initial disclosure towards 'Confirmation as regards not being a Large Corporate".
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Sky Gold and Diamonds Limited has filed an initial disclosure with BSE and NSE confirming that it does not qualify as a 'Large Corporate' under SEBI's framework for fund raising by issuance of debt securities (SEBI Circular dated November 26, 2018, updated October 19, 2023). The company's outstanding long-term borrowing as on 31st March 2025 stood at Rs. 418.71 crore (unaudited), which falls below the threshold for Large Corporate classification. The company also disclosed its highest credit rating as IND A-/Stable (long-term) and IND A2+ (short-term) from India Ratings and Research. The filing was signed by Managing Director & CFO Mangesh Chauhan and Company Secretary Nikita Jain on April 25, 2025.
This is a routine annual compliance filing with no direct impact on shareholders or stock price. By confirming non-Large Corporate status, the company avoids SEBI's mandatory requirement to raise at least 25% of borrowings through debt securities. The credit rating of A-/Stable indicates a moderate investment-grade quality, suggesting reasonable debt servicing capacity.