<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.
Ushakiran Finance Ltd has filed a routine compliance disclosure confirming that it is NOT classified as a 'Large Corporate' under SEBI's framework (circulars dated 26 Nov 2018 and 19 Oct 2023) as of 31 March 2025. The company reported NIL outstanding borrowings as on 31 March 2025, which is why the mandatory debt issuance requirements for large entities do not apply to it. Credit rating and rating agency fields are marked NA, consistent with the company having no borrowings to rate. In case of any future shortfall in mandatory borrowing, any fine would be payable to BSE Limited. The filing is signed by the Company Secretary (Sanjana Jain) and CFO (T. Ramesh Babu), dated 15 April 2025.
This is a routine regulatory compliance disclosure with no material impact on shareholders or the stock. It simply confirms the company is too small (with zero borrowings) to fall under SEBI's large corporate debt issuance norms.