<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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Awaiting price reaction for this filing.
Super Iron Foundry Ltd has informed BSE that the SEBI circular on Large Corporate disclosures (dated October 19, 2023) does not apply to it. To be classified as a Large Corporate, a listed entity must meet three conditions: (1) securities listed on a recognized stock exchange, (2) outstanding long-term borrowings of ₹1,000 crore or more, and (3) a credit rating of 'AA' or above. The company meets only the first condition, being listed on the BSE SME platform (Scrip Code: 544381), but its borrowings fall below the ₹1,000 crore threshold and its credit rating is below 'AA'. Consequently, it is not required to file the initial Large Corporate disclosure for FY 2025-26.
This is a routine compliance clarification with no material impact on shareholders or the stock. It simply confirms the company is too small — by borrowings and credit rating — to fall under SEBI's Large Corporate framework, meaning lower mandatory disclosure obligations.