<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> ....
THOMASCOTT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Thomas Scott (India) Limited has submitted a routine disclosure to BSE and NSE confirming it does not qualify as a 'Large Corporate' under SEBI's circulars dated November 26, 2018 and October 19, 2023. The company's outstanding borrowing stands at approximately Rs. 16.63 crore as of March 31, 2025, which is well below the Rs. 100 crore threshold that triggers the Large Corporate classification. Since it doesn't fall under this category, the company is exempt from the mandatory requirement to raise at least 25% of incremental borrowings through listed debt securities. The disclosure was signed by Company Secretary Rashi Bang and CFO Samir Kumar Samaddar on April 29, 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is too small in terms of borrowings to be subject to SEBI's large corporate debt issuance norms.