<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.
Vishal Fabrics Limited has submitted a confirmation to BSE stating that the SEBI circular regarding disclosure obligations for 'Large Corporates' does not apply to the company. As per the SEBI framework dated November 26, 2018, and October 19, 2023, a Large Corporate must have outstanding long-term borrowings of Rs. 1,000 crore or above and a credit rating of AA or higher. Vishal Fabrics has confirmed it does not fall under this category. Therefore, the company is not required to file the initial and annual disclosures prescribed under Annexures A, B1, and B2 of the circular. The letter is signed by the Company Secretary and Chief Financial Officer and dated April 17, 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that Vishal Fabrics is below the large-corporate borrowing threshold of Rs. 1,000 crore, meaning it carries lower long-term debt levels relative to the large-corporate benchmark.