In view of the SEBI circular dated 26th November, 2018 in respect of fund raising by issuance of debt securities by "Large Corporates", we would like to inform you that as on 31st March, ....
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Trade Wings Ltd has filed a disclosure with BSE confirming that as of 31st March 2025, the company is NOT identified as a 'Large Corporate' under SEBI's November 2018 circular on fund raising through debt securities. This is a routine annual compliance filing required under the SEBI framework, which mandates that large corporates (based on borrowing thresholds) must raise a minimum portion of their funding through debt securities. The company, signed by Company Secretary Zurica Kevin Pinto, has clarified its non-applicability of this classification for FY25.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. It simply confirms the company falls below the borrowing threshold that would classify it as a 'Large Corporate' under SEBI norms, meaning the mandatory debt issuance requirements do not apply to Trade Wings.