with reference to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 and SEBI/HO/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, in respect of fund raising by issuance ....
Awaiting price reaction for this filing.
Visesh Infotecnics Ltd (referred to as MPS Infotecnics Limited in the filing body) informed stock exchanges BSE and NSE that it does not fall under the 'Large Corporate' category as defined under SEBI's framework for mandatory debt securities issuance. Large Corporates are entities with outstanding borrowings of Rs. 100 crore or above, which are required to raise at least 25% of their borrowings through debt securities. The company's submission indicates its total borrowings are below this threshold. The same disclosure has been uploaded to the company's investor section on its website.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is exempt from certain SEBI debt-disclosure requirements applicable only to large borrowers, reflecting that the company's debt profile is relatively small.