Super Spinning Mills Limited has informed the Exchange about Non-Applicability of Large Entities framework pursuant to SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 & SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023
SUPERSPIN · price
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Awaiting price reaction for this filing.
Super Spinning Mills Limited has informed the exchanges that it does not qualify as a 'Large Corporate' under SEBI's framework (Circulars dated Nov 26, 2018 and Oct 19, 2023), so the mandatory debt-security borrowing requirement does not apply to it. The company's total outstanding borrowings stood at Rs. 15.89 crore as on 31st March 2025, well below the Large Corporate threshold. It carries a credit rating of CARE BB+ (Stable) from CARE Ratings. For the FY 2024-25 block period (2023-24 and 2024-25), the company reported zero incremental borrowings, zero mandatory debt-security borrowing, and no shortfall or penalty. Both the Company Secretary and CFO have signed the disclosure.
This is a routine regulatory compliance filing and not material to the stock. It simply confirms the company is too small to fall under SEBI's Large Corporate borrowing rules, meaning no obligation to raise funds via debt securities. Neutral impact on shareholders.