The Company Confirms the Non-Applicability of SEBI Circular on Large Corporates-Initial Disclosure for FY 2025-26
Awaiting price reaction for this filing.
C & C Constructions has informed stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's October 2023 circular, and therefore is not required to file the Initial Disclosure for FY 2025-26. While the company is listed on BSE and NSE, it falls short on the other two criteria: its outstanding long-term borrowings are below ₹1,000 crore, and it does not hold a credit rating of AA or above for unsupported bank borrowings or plain vanilla bonds. The letter, dated April 30, 2025, is signed by Whole Time Director Chandan Singh.
This is a routine compliance confirmation with no material impact on the stock or shareholders — it simply means the company is exempt from a specific SEBI disclosure requirement meant for much larger borrowers.