<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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steelman Telecom Ltd has told BSE that it does not qualify as a 'Large Corporate' under SEBI's debt-raising framework, so the mandatory Initial and Annual disclosures (Annexure A and Annexure B2) are not applicable for the financial year ending March 31, 2025. As part of the submission, the company disclosed its outstanding borrowings: Rs. 16.85 crore (audited, as of March 31, 2024) and an estimated Rs. 53.39 crore (unaudited, as of March 31, 2025). The borrowing has roughly tripled year-on-year, indicating a sharp rise in debt. No credit rating has been obtained, and the company is listed on the BSE SME platform.
This is a routine compliance filing with no direct impact on shareholders or stock price. However, the steep jump in estimated borrowings (from ~Rs. 16.85 cr to ~Rs. 53.39 cr) signals growing leverage and may be worth monitoring for future interest cost and repayment risks.