<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.
The Investment Trust of India Ltd has informed BSE and NSE that the SEBI requirement for an Initial Disclosure by Large Corporates is not applicable to it for FY 2025-26. Under the SEBI circular dated October 19, 2023, a listed entity is classified as a Large Corporate only if it meets three conditions: (1) securities listed on a recognised 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, as it is listed on BSE and NSE, but does not meet the borrowing or credit rating thresholds. Accordingly, it does not qualify as a Large Corporate and no Initial Disclosure is required for FY 2025-26.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the Company is below the Large Corporate thresholds set by SEBI, meaning it has borrowings under ₹1,000 crore and/or a credit rating below AA.