Submission of non-applicability of large corporate disclosure for quarter ended 31.03.2025
Awaiting price reaction for this filing.
Interworld Digital Limited (BSE Scrip Code: 532072) has submitted a confirmation to BSE stating that it does not qualify as a 'Large Corporate' under SEBI's framework as on 31 March 2025. The filing is made pursuant to SEBI circulars dated 10 August 2021 and 19 October 2023, which deal with mandatory disclosures and compliances for large corporates raising funds through debt securities. The company is therefore exempt from the quarterly large corporate disclosure requirements. The letter is signed by CFO Rachit Garg and Company Secretary Shivangi Agarwal.
This is a routine regulatory compliance submission with no material impact on the company's operations or stock price. It simply confirms that Interworld Digital falls below SEBI's size threshold for 'Large Corporate' classification, meaning it is not required to make the additional quarterly disclosures applicable to bigger companies issuing debt.