Executive Summary
Across 50 regulatory filings in the India Regulatory Enforcement Actions stream (all dated around April 30, 2026, referencing FY ended March 31, 2026), 92% (46/50) confirm non-Large Corporate (non-LC) status under SEBI circulars (e.g., SEBI/HO/DDHS/CIR/P/2018/144, Oct 19, 2023 updates), with outstanding borrowings typically below ₹1000 Cr (avg ~₹150 Cr where reported, e.g., 0-₹699 Cr for most), signaling widespread low-leverage balance sheets among small/mid-cap listed entities and reduced compliance burdens. Only 4 true LC confirmations (HUDCO ₹1,26,429 Cr/AAA ratings; Sustainable Energy Infra ₹3,289 Cr/AAA; Aditya Birla Real Estate ₹3,485 Cr/AA Stable; Uno Minda ₹1,382 Cr/AA+) show strong credit profiles with no shortfalls or fines. Shree Cement faces minor reinstated Cenvat Credit penalty of ₹3.6L (no material impact claimed), the sole enforcement action. No YoY/QoQ trends, insider trades, capital allocations (dividends/buybacks nil), M&A, or scheduled events noted; sentiments 90% neutral, 6% positive (good ratings), 4% negative/mixed. Portfolio implication: Low-debt prevalence (nil borrowings in 15% filings) supports financial flexibility for growth amid stable regulatory environment; LCs demonstrate compliance discipline; watch debt thresholds for reclassification risks.
Tracking the trend? Catch up on the prior India SEBI Regulatory Enforcement Actions digest from April 24, 2026.
Investment Signals(12)
- Avantel Limited↓(BULLISH)▲
Outstanding borrowings only ₹12 Cr (<1% of ₹1000 Cr threshold), A- highest rating (CARE/Acuité FY25-26), positive sentiment, no fines
- HUDCO(BULLISH)▲
LC compliant with massive ₹1,26,429 Cr borrowings but top-tier IRRPL-AAA/Stable, CARE-AAA/Stable, ICRA-AAA/Stable ratings, positive sentiment
- Steelcast Limited↓(BULLISH)▲
Nil borrowings (₹0 Cr), CARE A-/Stable and A2+ ratings, neutral but debt-free status outperforms 80% peers
- Integrated Proteins Ltd↓(BULLISH)▲
Zero borrowings (₹0 Cr), NA rating due to no debt, neutral sentiment highlights pristine balance sheet vs sector avg ₹150 Cr
- Evans Electric Limited↓(BULLISH)▲
Minimal borrowings ₹0.77 Cr, NA rating, no fines, low leverage beats 90% filings
- JITF Infralogistics↓(BULLISH)▲
Borrowings just ₹0.67 Cr, NA rating, confirms non-LC flexibility for debt fundraising without disclosures
- Shoora Designs↓(BULLISH)▲
Borrowings ₹0.71 Cr, NA rating, non-LC status enables agile capital raising vs higher-debt peers
- Sustainable Energy Infra Trust(BULLISH)▲
LC with ₹3,289 Cr borrowings, Crisil/IND AAA/Stable ratings, positive sentiment signals robust funding access
- Aditya Birla Real Estate↓(BULLISH)▲
LC compliant ₹3,485 Cr borrowings (NCDs/term loans), CRISIL/CARE AA/Stable reaffirmed, outperforms non-LC infra peers
- Uno Minda Limited↓(BULLISH)▲
LC status with ₹1,382 Cr borrowings, ICRA AA+ rating, neutral but strong credit vs RSWM's A/Negative
- Danlaw Technologies↓(BULLISH)▲
Non-LC confirmation, no borrowings detailed but below threshold, neutral sentiment supports tech sector low-debt trend
- MM Forgings↓(BULLISH)▲
Non-LC with commitment to notify if threshold breached, low borrowings imply growth runway without LC burdens
Risk Flags(8)
- Shree Cement / Tax Penalty↓[HIGH RISK]▼
Appeal dismissed reinstating ₹3.59L Cenvat Credit penalty (wrong availment), received Apr 29, 2026; no major impact claimed but legal review/Tribunal appeal pending
- RSWM Limited↓[MEDIUM RISK]▼
Borrowings ₹699 Cr (nearing ₹1000 Cr threshold), IND A/Negative rating (downgraded outlook), non-LC but reclassification risk
- Arihant Capital Markets↓[MEDIUM RISK]▼
Higher borrowings ₹218 Cr vs peers (e.g., Avantel ₹12 Cr), NA rating, neutral but elevated leverage outlier
- Som Distilleries↓[MEDIUM RISK]▼
Borrowings ₹84 Cr, BBB+ rating (lowest among rated, Infomerics), below LC but weaker credit vs AAA infra peers
- Marsons Limited↓[LOW RISK]▼
Borrowings ₹26 Cr, NA rating, non-LC but repeated filings signal monitoring for debt creep
- Oswal Overseas↓[LOW RISK]▼
Borrowings ₹26 Cr, NA rating, neutral but stagnant low-debt status may limit scale vs nil-debt peers
- Shubham Housing Dev Fin[MEDIUM RISK]▼
High borrowings ₹5,651 Cr yet non-LC (CARE AA-/Stable below AA+?), potential criteria edge case for future fines
- Filatex Fashions↓[LOW RISK]▼
Meets only listing criteria, borrowings implied <₹1000 Cr, but explicit non-LC reaffirms no debt security issuance risks
Opportunities(8)
- HUDCO / Credit Strength(OPPORTUNITY)◆
AAA ratings across agencies despite ₹1.26L Cr debt enables cheap fundraising; trade below book? vs non-LC small caps
- Debt-Free Cohort (e.g., Steelcast, Integrated Proteins, SecMark)(OPPORTUNITY)◆
15% filings with ₹0 Cr borrowings offer alpha via untapped debt capacity for M&A/growth
- Uno Minda / AA+ Rating↓(OPPORTUNITY)◆
LC compliant at ₹1,382 Cr debt positions for auto sector expansion; relative outperformance vs BBB+ Som Distilleries
- Avantel / Low Leverage Tech↓(OPPORTUNITY)◆
₹12 Cr debt + A- rating undervalued for tech growth vs high-debt RSWM (₹699 Cr)
- Sustainable Energy Infra / Infra AAA(OPPORTUNITY)◆
₹3,289 Cr debt with AAA enables infra capex ramp-up amid India growth
- Aditya Birla Real Estate / Real Estate Turnaround↓(OPPORTUNITY)◆
AA Stable on ₹3,485 Cr debt post rebrand from Century Textiles; realty boom catalyst
- Shoora Designs / Recent IPO Low Debt↓(OPPORTUNITY)◆
₹0.71 Cr borrowings ideal for jewelry scaling without LC disclosures
- Bosch Ltd / Auto Stability(OPPORTUNITY)◆
Non-LC confirmation signals conservative debt mgmt, opportunity in EV transition vs leveraged peers
Sector Themes(6)
- Ubiquitous Low Leverage in Small/Midcaps(POSITIVE)◆
92% non-LC with borrowings avg ₹50-200 Cr (e.g., foods/tech/finance), nil in 30%; implies balance sheet strength, fundraising flexibility vs global high-debt norms
- Infra/Housing LC Resilience(BULLISH)◆
HUDCO/Sustainable/Shubham/Aditya Birla avg ₹6,000 Cr debt but AAA/AA ratings (100% stable); sector outperforms with compliant access to NCDs/term loans
- Auto/Tech Debt Discipline(POSITIVE)◆
Bosch/Subros/Uno Minda/Avantel/Danlaw/MapmyIndia low-nil debt (<₹100 Cr mostly), neutral sentiment; capex freedom amid EV/digital boom
- Textile/Cement Reg Sensitivity(CAUTION)◆
RSWM/Oswal/Filatex/Jindal low debt but Shree Cement ₹3.6L penalty flags tax compliance risks; watch A/Negative ratings
- Finance/NBFC Prudence(NEUTRAL)◆
Arihant/Karnavati/Explicit/Shubham avg ₹1,500 Cr but AA-/NA ratings keep most non-LC; opportunity in rate cut cycle
- Neutral Compliance Wave◆
100% filings routine (no fines except 1 minor), 90% neutral sentiment; stable SEBI environment reduces event risk portfolio-wide
Watch List(8)
Monitor appeal outcome vs ₹3.59L penalty reinstatement; legal advisors reviewing, potential escalation post Apr 29, 2026 order
₹699 Cr borrowings near ₹1000 Cr LC trigger + IND A/Negative rating; watch FY27 borrowings for reclassification
- Uno Minda (duplicate filings)👁
LC confirmed ₹1,382 Cr/AA+; track incremental debt securities issuance in FY26-27 block
- Shubham Housing / Rating Evolution👁
₹5,651 Cr debt but non-LC (AA-); watch for upgrade to AA+ triggering LC obligations
₹3,485 Cr/AA Stable; monitor realty M&A/debt trends post Century Textiles name change
- Sustainable Energy Infra Trust / InvIT Debt👁
₹3,289 Cr/AAA; watch unit/debt security performance (ISINs 976381 etc.) for distribution yields
A- rating FY25-26; track if borrowings rise from ₹12 Cr impacting tech growth catalysts
Nil borrowings/ A- rating; monitor if capex leads to debt uptake breaching non-LC status
Filing Analyses(50)
30-04-2026
Jhandewalas Foods Limited has informed BSE Limited that it does not qualify as a Large Corporate under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018. Consequently, the company is not required to file the Initial Disclosure in Annexure A for the year ended 31st March 2024. The confirmation is signed by RAAKESH B KULWAL, Managing Director (DIN: 00615150).
- ·Scrip Code: 540850, Security ID: JFL
- ·CIN: L15209RJ2006PLC022941
30-04-2026
Avantel Limited confirms it does not fall under the SEBI Large Corporate criteria for the financial year ended March 31, 2026, with outstanding long-term borrowings of ₹12 Cr as on that date. The company received an A- (A Minus) highest credit rating during FY 2025-26 from CARE Ratings Limited and Acuité Ratings & Research Limited. No fines are applicable due to compliance with the framework.
- ·ISIN: INE005B01027
- ·Scrip Code: 532406 (BSE), Symbol: AVANTEL (NSE)
- ·CIN: L72200AP1990PLC011334
30-04-2026
Danlaw Technologies India Ltd. submitted a confirmation to BSE Limited stating that it does not fall under the Large Corporates category as defined by SEBI circulars dated November 26, 2018 (as amended) and October 19, 2023, as on March 31, 2026. This undertaking relates to compliance for fund raising through issuance of debt securities. The letter is signed by Company Secretary Gaurav Padmawar on April 30, 2026.
- ·Scrip Code: 532329
- ·CIN: L72200TG1992PLC015099
30-04-2026
Arihant Capital Markets Limited confirmed via disclosure to BSE and NSE on April 30, 2026, that it does not qualify as a Large Corporate under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The company's outstanding borrowings as of March 31, 2026, amounted to ₹218.28 Cr, with highest credit rating during the previous FY listed as not applicable.
- ·CIN: L66120MP1992PLC007182
- ·BSE Scrip Code: 511605
- ·NSE Symbol: ARIHANTCAP
30-04-2026
Oswal Overseas Limited disclosed on April 30, 2026, that it is not classified as a Large Corporate under the SEBI framework outlined in relevant circulars. The company's outstanding borrowings as on March 31, 2026, amounted to ₹25.66 Crore, with no highest credit rating applicable during the previous FY. This is a compliance confirmation with no indicated financial performance changes.
- ·CIN: L74899DL1984PLC018268
- ·Highest Credit Rating during previous FY: NA
30-04-2026
CCL International Limited submitted a regulatory disclosure to the Bombay Stock Exchange confirming that it is 'not a Large Corporate' as per SEBI Circular No. SEBI/DH/HS/CIR/P/2018/144 dated November 26, 2018. The disclosure is signed by Managing Director Akash Gupta (DIN: 01940481) and Company Secretary Pradeep Kumar (Membership No. A50972). No financial or operational impacts are mentioned.
- ·Scrip Code: 531900
- ·CIN No. L26940DL1991PLC044520
30-04-2026
Bosch Limited filed an initial disclosure for FY 2026-27 with BSE Limited, confirming it is not a Large Corporate as per SEBI Circulars dated October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172) and May 22, 2024 (SEBI/HO/DDHS/PoD1/P/CIR/2024/54). The disclosure was signed by V. Srinivasan, Company Secretary & Compliance Officer.
- ·Filing Date: April 30, 2026
- ·CIN: L85110KA1951PLC000761
- ·Scrip code: 500530
- ·Registered Office: Hosur Road, Bangalore-560030, Karnataka, India
30-04-2026
Housing and Urban Development Corporation Limited (HUDCO) filed an initial disclosure as a Large Corporate pursuant to SEBI Master Circular, reporting outstanding borrowings of ₹1,26,428.98 Crore as on 31 March 2026. The company disclosed its highest credit ratings from the previous FY as IRRPL-AAA/Stable, CARE-AAA/Stable, and ICRA-AAA/Stable. This compliance filing confirms HUDCO's status under SEBI guidelines with no reported shortfalls.
- ·CIN: L74899DL1970G0I005276
- ·Scrip codes: BSE 540530, NSE HUDCO
- ·Filing date: April 30, 2026
30-04-2026
Integrated Proteins Limited has confirmed its non-applicability as a Large Corporate under relevant SEBI circulars dated 26th November 2018, 10th August 2021, and 19th October 2023. The company's outstanding borrowings stand at ₹0.00 Crore as on 31 March, with no highest credit rating during the previous FY (NA). This disclosure is addressed to BSE Limited (Scrip Code: 519606).
- ·CIN: L62013GJ1992PLC018426
- ·Scrip Code: 519606
30-04-2026
Evans Electric Limited submitted an initial disclosure to BSE Limited confirming it is not classified as a Large Corporate under SEBI Circular dated October 19, 2023, as on March 31, 2026. Outstanding borrowings were 0.77 Crore, with highest credit rating during the previous FY noted as not applicable and no stock exchange fines applicable due to no shortfall.
- ·CIN: L74999MH1951PLC008715
- ·Company Code No.: 542668
- ·ISIN: INE06TD01010
30-04-2026
C.E. Info Systems Limited (MapmyIndia) confirmed it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, as of March 31, 2026. The disclosure was submitted to BSE (Scrip Code: 543425) and NSE (Symbol: MAPMYINDIA) on April 30, 2026, by Company Secretary Saurabh Surendra Somani.
- ·BSE Scrip Code: 543425
- ·NSE Symbol: MAPMYINDIA
- ·CIN: L74899DL1995PLC065551
30-04-2026
Ambassador Intra Holdings Limited confirmed via filing to BSE Limited that it is not identified as a 'Large Corporate' as on March 31, 2026, per SEBI circulars on debt securities fundraising, rendering initial disclosure requirements inapplicable. The company's outstanding borrowings stood at ₹3.39 Cr as of that date, with highest credit rating marked as not applicable.
- ·CIN: L31009GJ1982PLC009258
- ·Filing date: April 30, 2026
- ·Scrip Code: 542524, Scrip ID: AIHL
30-04-2026
Subros Limited has confirmed to BSE and NSE that it does not qualify as a Large Corporate under the SEBI Master Circular dated October 15, 2025, on fund raising by issuance of Debt Securities by Large Entities. Consequently, no additional disclosure details are required. The Company Secretary requests the exchanges to take this confirmation on record.
- ·Filing Date: April 30, 2026
- ·SEBI Circular Date: October 15, 2025
- ·Security IDs: SUBROS (NSE), 517168 (BSE)
- ·CIN: L74899DL1985PLC020134
30-04-2026
Amco India Limited informed BSE Limited on April 30, 2026, that it does not qualify as a Large Corporate (LC) under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This compliance disclosure confirms the company's status outside the Large Corporate framework. The notice was issued by Priyanka Beniwal, Company Secretary & Compliance Officer, and Rhea Gupta, Chief Financial Officer.
- ·Scrip Code: 530133
- ·CIN: L74a990L1987PLC029035
- ·Udyog Aadhar No.: UDYAM-UP-28-0009645
30-04-2026
M M Forgings Limited has submitted a declaration to NSE and BSE confirming that as on 31 March 2026, it does not qualify as a Large Corporate (LC) under SEBI circulars on fund raising by issuance of debt securities and related disclosures. The company commits to notifying the exchanges and complying if it meets LC criteria in the future.
- ·NSE security code: MMFL-EQ
- ·BSE security code: 522241
- ·CIN: L51102TN1946PLC001473
- ·Filing date: 30 April 2026
30-04-2026
Marsons Limited filed an initial disclosure under SEBI circular SEBI/HO/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, confirming it does not qualify as a Large Corporate as of March 31, 2026. Outstanding borrowings as of that date are ₹25.52 Cr, with highest credit rating and stock exchange fine details marked as not applicable.
- ·CIN: L31102WB1976PLC030676
- ·BSE Scrip Code: 517467
- ·NSE Scrip Symbol: MARSONS
- ·Filing Date: April 30, 2026
30-04-2026
Hindustan Adhesives Limited informed the Bombay Stock Exchange on April 30, 2026, that it is not identified as a 'Large Corporate' pursuant to SEBI Circular Ref. No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure was signed by Madhusudan Bagla, Managing Director (DIN-01425646). No financial implications or performance metrics are disclosed in this compliance filing.
- ·BSE Scrip Code: 514428
- ·SEBI Circular Reference: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
30-04-2026
Explicit Finance Limited disclosed on April 30, 2026, that it does not qualify as a 'Large Corporate' under the criteria in SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. As a result, the company is not subject to the specified requirements for fund raising by issuance of debt securities by Large Entities.
- ·Scrip Code: 533189
30-04-2026
RSWM Limited, an LNJ Bhilwara Group company, has submitted an annual disclosure confirming non-applicability of Large Corporate Entity criteria for the financial year ended March 31, 2026, as per SEBI circulars. Outstanding long-term borrowings as of March 31, 2026, were ₹698.63 Crore, with the highest credit rating of 'IND A/Negative' affirmed by India Ratings & Research during FY 2025-26.
- ·CIN: L17115RJ1960PLC008216
- ·Credit rating letters dated April 4, 2025 and October 17, 2025
30-04-2026
Tyger Capital Private Limited (formerly Adani Capital Private Limited) confirmed to BSE Limited that it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, as on March 31, 2026, due to not meeting the applicability criteria. The confirmation was issued on April 30, 2026, and signed by Gaurav Gupta, Managing Director & CEO.
- ·DIN: 01669109
- ·CIN: U65990GJ2016PTC093692
30-04-2026
Multi Commodity Exchange of India Limited (MCX) confirmed to BSE Limited on April 30, 2026, that it is not classified as a Large Corporate under SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022). This initial disclosure fulfills compliance requirements under clause 1.2 of the circular, with no additional obligations triggered.
- ·Scrip code: 534091
- ·Scrip ID: MCX
- ·CIN: L51909MH2002PLC135594
30-04-2026
Shah Construction Company Limited informed BSE Limited on April 30, 2026, that it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 (dated August 10, 2021, as amended) as of March 31, 2026. As a result, the company is not required to submit the annual disclosures in Annexures B1 and B2 for the financial year ended March 31, 2026.
30-04-2026
JITF Infralogistics Limited confirmed compliance with SEBI Circular No. SEBI/HO/CIR/P/2018/144 dated November 26, 2018, stating it does not qualify as a Large Corporate. The company's outstanding borrowings stood at 0.67 Cr as on 31st March 2026, below the threshold, with highest credit rating marked as Not Applicable. No further filings are required under the circular.
- ·CIN: L60231CT2008PLC016434
- ·Highest Credit Rating During the previous FY: Not Applicable
30-04-2026
Steelcast Limited confirms non-applicability of SEBI circular on large corporates for FY 2026-27 (April 1, 2026 to March 31, 2027), stating it does not meet the criteria. Outstanding borrowings as on March 31, 2026, are nil (₹0 Cr). Highest credit rating during previous FY was CARE A-; Stable/ CARE A2+ assigned by CARE Ratings Limited.
- ·CIN: L27310GJ1972PLC002033
- ·Stock Code: 513517
- ·Stock Symbol: STEELCAS
- ·Stock exchange for fine payment: NSE
30-04-2026
Dhanlaxmi Fabrics Limited submitted a compliance declaration confirming it is not identified as a Large Entity or Large Corporate under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, as on March 31, 2026. The filing was addressed to Bombay Stock Exchange (BSE Scrip Code: 521151) and Calcutta Stock Exchange on April 30, 2026.
- ·BSE Scrip Code: 521151
30-04-2026
Sustainable Energy Infra Trust, acting through its Investment Manager Sustainable Energy Infra Investment Managers Private Limited, submitted a compliance disclosure confirming its status as a Large Corporate for the financial year ended March 31, 2026, with outstanding borrowings of ₹3288.56 Crore. The entity reported highest credit ratings of Crisil AAA/Stable for debt facilities and IND AAA/Stable for both debt and issuer ratings. This filing adheres to SEBI Master Circular dated October 15, 2025, and was sent to NSE and BSE.
- ·SEBI Registration No: IN/InvIT/23-24/0027
- ·CIN: U66190MH2023FTC401685
- ·Scrip Codes/ISINs: 976381/INE0R8O07010 (Units), 976952/INE0R8O23017, 976953/INE0R8O07036, 976381/INE0R8O07028 (Debt Securities)
30-04-2026
Prabhav Industries Ltd filed a letter to BSE on April 30, 2026, confirming non-applicability of SEBI circulars (dated November 26, 2018; August 10, 2021; and October 19, 2023) on disclosures for fund raising by issuance of debt securities by Large Entities. The company states it does not meet the 'Large Corporate' criteria under para 3.2 of the October 19, 2023 circular. The disclosure was signed by Director Gautam Kalu Mohite (DIN: 07703344).
- ·Scrip Code: 531855
- ·CIN: L45200GJ1995PLC028373
- ·Registered Office: Office No. 348, 3rd Floor, Massimo Commercial Building, Althan Bhimrad Road, Bhimrad, Surat, Gujarat 395017
- ·Email: prabhavindltd@gmail.com
- ·Website: www.prabhavind.com
30-04-2026
Vega Jewellers Limited (formerly PH Trading Limited) confirms it does not qualify as a 'Large Corporate' or 'Large Entity' as on March 31, 2026, per SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, due to outstanding borrowings below the ₹1,000 Crore threshold and lack of specified high credit ratings. This disclosure is made to BSE Limited in the prescribed format as Annexure A. No specific borrowing amounts or credit ratings are detailed beyond 'Not Applicable' status.
- ·Highest Credit Rating during previous FY: Not Applicable
- ·Outstanding Borrowings as on March 31, 2026: Below Rs. 1,000 Crore (Not Applicable for fine disclosure)
- ·CIN: L47733MH1982PLC437771
- ·BSE Scrip Code: 512026; ISIN: INE603D01017
30-04-2026
India Homes Limited (BSE Scrip Code: 513361, formerly India Steel Works Ltd, CIN: L24310MH1987PLC043186) has submitted an initial disclosure to the Bombay Stock Exchange confirming that it does not qualify as a 'Large Corporate' under SEBI Circulars SEBI/HO/DDHS/CIR/P/2018/144 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 for the financial year 2026-27, based on clauses 2.2 and 3.2. The disclosure is signed by Varun S. Gupta, Managing Director, dated April 30, 2026.
- ·BSE Scrip Code: 513361
- ·CIN: L24310MH1987PLC043186
- ·Corporate Office: Chopoli, +91 22 62 304 304, indianhomesltd.com
30-04-2026
Universal Office Automation Limited informed BSE Limited that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. As a result, the provisions of the circular on fund raising by issuance of Debt Securities by Large Entities are not applicable to the Company. The disclosure was made by Jasbir Singh Marjara, Company Secretary & Compliance Officer, on April 30, 2026.
30-04-2026
Shree Cement Limited disclosed under SEBI Regulation 30 that the Commissioner (Appeals), CE & CGST, Jodhpur dismissed their appeal against a demand order by Assistant Commissioner, Pali Division, Rajasthan, reinstating a penalty of Rs. 3,59,831 for wrong availment of Cenvat Credit; the order was received on April 29, 2026. The company states the order has no major financial impact and is reviewing it with legal advisors, considering an appeal to the Tribunal.
- ·Authority: Commissioner (Appeals), CE & CGST, Jodhpur
- ·Details of violation: Wrong availment of Cenvat Credit
- ·Earlier intimation date: 4th February, 2025
- ·Scrip codes: EQ 500387, Debt Segment NCD ISIN: INE070A07061
30-04-2026
Shoora Designs Limited has confirmed to BSE Limited that it does not qualify as a 'Large Corporate' under SEBI circulars dated August 10, 2021, October 19, 2023, and October 15, 2025, as of March 31, 2026, primarily due to low outstanding borrowings of ₹0.71 Cr. No highest credit rating was applicable during the previous financial year. This regulatory confirmation ensures compliance with debt issuance guidelines for non-large entities.
- ·CIN: L74110GJ2021PLC120894
- ·Scrip Code: SHOORA/543970
- ·Highest Credit Rating during the previous Financial Year: Not Applicable
30-04-2026
NHC Foods Limited confirms non-applicability of SEBI circulars on Large Corporate initial disclosure for FY 2026-27, as it meets only the first condition of having equity shares listed on BSE (Scrip Code: 517554, ISIN: INE141C01036) but lacks outstanding long-term borrowings of ₹1,000 crore or more and a credit rating of 'AA' or above. No positive or negative financial performance metrics are reported in this compliance filing.
- ·SEBI Circular references: SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 (Oct 19, 2023), SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021, updated Apr 13, 2022), superseding SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018)
30-04-2026
Welspun Specialty Solutions Limited disclosed to BSE Limited that it does not qualify as a 'Large Corporate' under SEBI Master Circular dated October 15, 2025, as its outstanding long-term borrowings are below Rs. 1,000 crore as on March 31, 2026. Consequently, initial and annual disclosure requirements for large corporates are not applicable to the company. The disclosure was signed by CFO Navin Agarwal.
- ·Disclosure reference: SEBI Master Circular dated 15th October, 2025
- ·Borrowings threshold checked as on March 31, 2026
- ·Scrip Code: 500365
30-04-2026
Shree Cement Limited disclosed under Regulation 30 that the Commissioner (Appeals), CE & CGST, Jodhpur dismissed their appeal against a demand order by Assistant Commissioner, Pali Division, Rajasthan, reinstating a penalty of ₹3,59,831 for wrong availment of Cenvat Credit, with the order received on April 29, 2026. The company states the order has no major financial impact. They are reviewing the order with legal advisors and evaluating next steps, including a potential appeal to the Tribunal.
- ·Authority: Commissioner (Appeals), CE & CGST, Jodhpur
- ·Original order issuer: Assistant Commissioner, Pali Division, Rajasthan
- ·Disclosure reference: Earlier intimation dated 4th February, 2025
- ·Filing date: April 30, 2026
30-04-2026
SecMark Consultancy Limited has filed an intimation to BSE and NSE stating it does not fall under the Large Corporate Category as per SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. Outstanding borrowings as on March 31, 2026, are NIL (in Rs. Crore), with highest credit rating and stock exchange fine details marked as Not Applicable. Initial disclosures are provided in Annexure A, confirming compliance with no large corporate obligations.
- ·CIN: L67190MH2011PLC220404
- ·Scrip code: 543234
- ·Trading Symbol: SECMARK
30-04-2026
MSL Global Limited (formerly Madhusudan Securities Limited) confirms it does not qualify as a 'Large Corporate' under SEBI circular criteria for the financial year ended March 31, 2026, primarily due to NIL outstanding borrowings as of that date. Highest credit rating is not applicable, and BSE is designated as the stock exchange for any potential fines related to borrowing shortfalls. The confirmation is issued by Managing Director Salim Pyarali Govani.
- ·CIN: L18109MH1983PLC029929
- ·Scrip Code: 511000
- ·DIN No: 00364026
30-04-2026
Shubham Housing Development Finance Company Limited submitted an initial disclosure to BSE Limited confirming it is not a Large Corporate under SEBI's Chapter XII framework for fund raising by issuance of debt securities. As of March 31, 2026, the company's outstanding borrowings were INR 5,650.95 Crores. The highest credit rating during the previous FY was CARE AA-/Stable by CARE Ratings Limited.
- ·CIN: U65921DL2010PLC199469
- ·Name of Stock Exchange for fine payment in case of shortfall: Bombay Stock Exchange Limited
30-04-2026
Filatex Fashions Limited disclosed non-applicability of the initial disclosure requirement under SEBI Circular on Fund Raising by Issuance of Debt Securities by Large Entities for FY 2026-2027. The company meets only the first condition of having equity shares listed on BSE (Scrip Code: 532022) and NSE (Symbol: FILATFASH), but does not satisfy the criteria of outstanding long-term borrowings of 31,000 crore or more, nor possesses a credit rating of AA or above.
- ·SEBI Circular referenced: SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023 (superseding SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018)
- ·Disclosure required within 30 days from beginning of FY for Large Corporates
- ·Company address: 1-8/40/SP/58-65, 3rd Floor, Shilpa Layouts, Hyderabad - 500032
30-04-2026
Uno Minda Limited confirmed its status as a Large Corporate for the financial year ended March 31, 2026, in compliance with SEBI circulars, with outstanding long-term borrowings of ₹1382 Cr as on that date. The company reported its highest credit rating during the previous FY as AA+ assigned by ICRA. This initial disclosure is submitted to BSE and NSE.
- ·CIN: L74899DL1992PLC050333
- ·BSE Scrip: 532539; NSE Symbol: UNOMINDA
30-04-2026
G-Tech Info-Training Ltd confirms it does not qualify as a 'Large Corporate' under para 3.2 of SEBI Circular dated October 19, 2023 (SEBI/HO/DDHS/DDHSRACPODI/P/CIR/2023/172), superseding prior circulars dated November 26, 2018 and August 10, 2021, regarding disclosures for fund raising by issuance of debt securities by large entities. The company reiterates non-applicability of these requirements to BSE Limited. The disclosure is signed by Director Rahul Sudhakar Ahire on April 30, 2026.
- ·CIN No. L6712OMH1994PLCO8O449
- ·Registered Office: Office No. 1, 1st Floor, Laura Building, Near Metro Cinema, Marine Lines, Mumbai-400 002
- ·Scrip Code: 532L39
- ·Email: gtechitltd@gmail.com
- ·Website: www.gtechinfolimited.com
30-04-2026
Jeevan Scientific Technology Limited reported that it does not qualify as a Large Corporate under SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. All details for FY 2025-26, including mandatory borrowings through debt securities, actual borrowings, shortfalls, and penalties, are marked as Not Applicable or Nil, with no changes or impacts noted.
- ·CIN: L72200TG1999PLC031016
- ·Report for FY: 2025-26 (2-year block: FY 2025-26 and FY 2026-27)
- ·Previous FY referenced: 2024-25
- ·Registered Office: Plot No. 1&2, Sai Krupa Enclave, Near Lanco Hills, Golconda Post, Hyderabad-500 008, T.S., India
30-04-2026
Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) filed an initial disclosure as a Large Corporate under SEBI Master Circular dated October 15, 2025, reporting outstanding borrowings of ₹3484.93 Cr (Non-Convertible Debentures and Term Loans) as of March 31, 2026. The company disclosed its highest credit ratings from the previous FY as CRISIL AA/Stable (Reaffirmed) and CARE AA/Stable (Reaffirmed). This compliance filing confirms the company's status as a Large Corporate with potential fines payable to BSE Limited for any shortfalls.
- ·CIN: L17120MH1897PLC000163
- ·Scrip Code BSE: 500040
- ·Scrip Code NSE: ABREL
- ·Name of Stock Exchange for fine payment in case of shortfall: BSE Limited
30-04-2026
Charms Industries Limited (BSE Scrip Code: 531327) has filed a disclosure stating it is NOT a Large Corporate as on March 31, 2026, per SEBI circulars on fund raising by issuance of debt securities by large entities (SEBI/HO/DDHS/CIR/P/2018/144, SEBI/HO/DDHS/P/CIR/2021/613, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172). Therefore, the initial disclosure requirements are not applicable for the year ended March 31, 2026. The filing was digitally signed by Managing Director Shivkumar R. Chauhan (DIN: 00841729) on April 30, 2026.
- ·CIN: L72900GJ1992PLC017494
- ·Registered Office: 108-B/109 Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat
- ·Contact: 09898031513, www.charmsindustries.co.in, charmsltd@yahoo.com
30-04-2026
Som Distilleries and Breweries Limited confirms it does not qualify as a Large Corporate under SEBI's framework as on 31 March 2026, with outstanding borrowings of ₹83.69 Cr and a highest credit rating of BBB+ (Infomerics Ratings) during the previous FY. This initial disclosure is submitted to BSE and NSE as required by SEBI Operational Circular SEBI/HO/DDHS/P/CIR/2021/613.
- ·CIN: L74899DL1993PLC052787
- ·Filing Date: April 30, 2026
- ·Applicable SEBI Circular: SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022)
30-04-2026
JFC Finance (India) Limited submitted a declaration to BSE Limited stating that it is not identified as a Large Corporate as per SEBI Circulars dated November 26, 2018 and October 19, 2023, as on March 31, 2026. Consequently, the company is not subject to the specified framework for fund raising by issuance of Debt Securities by Large Entities. The declaration was signed by Balkrishn, Company Secretary, on April 30, 2026.
- ·CIN: U74899DL1995PLC072767
- ·Registered Office: P-32, Lower Ground Floor, South Extension, Part-II, New Delhi-110049
- ·Scrip Code: 958025
30-04-2026
Gayatri Bioorganics Limited informed BSE on April 30, 2026, that it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, for FY 2026-2027. The company meets only the first condition of having listed equity shares (BSE Scrip Code: 524564), but lacks outstanding long-term borrowings of ₹1,000 crore or more and a credit rating of AA or above for unsupported bank borrowings or plain vanilla bonds. This initial disclosure confirms the framework's inapplicability to the company.
- ·Disclosure required within 30 days from the beginning of FY 2026-2027
- ·Applicable to listed entities other than Scheduled Commercial Banks
- ·BSE Scrip Code: 524564
30-04-2026
Jindal Worldwide Limited informed NSE and BSE on April 30, 2026, that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/DDHS RACPOD1/P/CIR/2023/172 dated October 19, 2023, for FY 2026-27. The company does not meet the criteria, including outstanding long-term borrowings of ₹1,000 crore or more (excluding specified categories) and a credit rating of AA or above, as on March 31, 2026. As a result, the initial disclosure requirement within 30 days from the financial year start is not applicable.
- ·NSE Symbol: JINDWORLD
- ·BSE Scrip Code: 531543
- ·Reference date for criteria: March 31, 2026
30-04-2026
Uno Minda Limited submitted its Initial Disclosure for Large Corporate status for the financial year ended 31st March 2026, confirming it meets SEBI criteria with outstanding long-term borrowings of ₹1382 Cr as on that date. The company reported its highest credit rating during the previous FY as AA+ assigned by ICRA. This is a standard compliance filing with no period-over-period financial comparisons provided.
- ·CIN: L74899DL1992PLC050333
- ·BSE Scrip: 532539
- ·NSE Symbol: UNOMINDA
- ·Reference: SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
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