Declaration for not being large entity as per SEBI Regulations for 31.03.2025
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CNI Research Limited (BSE Scrip Code: 512018) has submitted a disclosure to BSE confirming it does not fall under the 'Large Corporate' category as defined under SEBI's November 2018 circular on fund raising through debt securities. The declaration is for the financial year ended 31 March 2025 and is a mandatory annual filing required from all listed entities. The submission was signed by Managing Director Kishor Ostwal (DIN: 00460257) on 24 April 2025. This effectively means the company is below the prescribed thresholds (typically based on total borrowings exceeding ₹100 crore) that would classify it as a large corporate.
This is a routine regulatory compliance filing with no direct impact on stock price or shareholder value. However, it confirms that the company is a small-cap entity with greater flexibility in how it raises debt, as 'Large Corporates' are required to source at least 25% of their incremental borrowings from the debt capital market.