Tata Teleservices (Maharashtra) Limited has informed the Exchange regarding 'Submission of disclosure for Large Corporate'.
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Tata Teleservices (Maharashtra) Limited has filed a disclosure with NSE confirming it does not qualify as a 'Large Corporate' under SEBI regulations. The filing shows the company's outstanding long-term borrowings declined from Rs. 4,053 crores at the start of the financial year to Rs. 3,453 crores at the end, representing a net debt reduction of Rs. 600 crores. The company maintains the highest credit rating of AA-. The disclosure is a routine regulatory filing to confirm the company's Large Corporate status as per SEBI circular requirements.
The company has reduced its long-term debt by Rs. 600 crores, indicating an improvement in its balance sheet. The AA- credit rating reflects strong financial health. Falling below the Large Corporate threshold means the company faces fewer regulatory reporting obligations under SEBI guidelines.