Non applicability certificate pertaining to SEBI Circular dated Oct 19.2023.
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Awaiting price reaction for this filing.
SM Auto Stamping has informed BSE that it does not qualify as a 'Large Corporate Entity' under SEBI's October 19, 2023 circular (which requires big companies to raise part of their borrowings through listed debt securities). The company's outstanding long-term borrowings stood at just Rs. 1.87 crore as on 31 March 2025, up from Rs. 0.19 crore at the start of the year (incremental borrowing of Rs. 2 crore). The company's net worth at year-end was Rs. 1.98 crore and it carries no credit rating. This is a routine yearly compliance filing confirming the SEBI framework does not apply to it given its small size.
No material impact on shareholders or stock price — this is a purely regulatory, compliance-related disclosure. The very small borrowings and net worth numbers signal that SM Auto Stamping is a micro/small-cap company, well below the threshold for the Large Corporate borrowing norms.