Coastal Roadways Limited Confirms Non-Fulfillment of Large Corporate Criteria Under SEBI Circular
Coastal Roadways Limited has formally notified BSE Limited through official communication reference CRL/KOL/SEC/BBY/APRIL/26 that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework for debt securities issuance. The confirmation, digitally signed by Director & CFO Raja Saraogi and Company Secretary Sneha Jain on April 10, 2026, establishes the company's exempt status from specific compliance and disclosure requirements outlined in the November 2018 SEBI circular.

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Coastal Roadways Limited has formally notified BSE Limited that it does not meet the criteria to be classified as a 'Large Corporate' under the regulatory framework established by SEBI. This confirmation relates to specific compliance requirements for debt securities issuance by large entities.
Regulatory Framework and Compliance Status
The company's confirmation addresses SEBI circular number SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which established guidelines for fund raising through debt securities by large entities. Under this regulatory framework, companies meeting specific criteria are classified as 'Large Corporate' entities and must comply with enhanced disclosure and compliance requirements.
| Parameter: | Details |
|---|---|
| SEBI Circular Reference: | SEBI/HO/DDHS/CIR/P/2018/144 |
| Circular Date: | November 26, 2018 |
| Subject Matter: | Fund Raising by Debt Securities - Large Entities |
| Company Status: | Not classified as Large Corporate |
| Disclosure Obligation: | Not applicable |
Corporate Communication and Authorization
The formal notification was submitted to BSE Limited on April 10, 2026, through reference CRL/KOL/SEC/BBY/APRIL/26. The communication was duly authorized and digitally signed by key company officials, ensuring proper corporate governance protocols were followed.
| Signatory: | Position | Credentials |
|---|---|---|
| Raja Saraogi: | Director & CFO | DIN: 00271334 |
| Sneha Jain: | Company Secretary & Compliance Officer | ACS - 38991 |
Official Communication Details
The company addressed its communication to the Manager, Department of Corporate Services at BSE Limited, located at P. J. Towers, 25th Floor, Dalal Street, Mumbai. The letter explicitly stated that Coastal Roadways Limited is not identified as a 'Large Corporate' as per the framework provided in the SEBI circular and hence the circular is not applicable to the company.
| Communication Detail: | Information |
|---|---|
| Reference Number: | CRL/KOL/SEC/BBY/APRIL/26 |
| Date: | April 10, 2026 |
| Recipient: | BSE Limited |
| BSE Code: | 520131 |
| Digital Signature Time: | 13:13:28 +05'30' (Raja Saraogi) |
Implications for Coastal Roadways Limited
Since Coastal Roadways Limited does not qualify as a Large Corporate under the SEBI framework, the company is exempt from the specific compliance and disclosure requirements outlined in the November 2018 circular. This classification affects the company's regulatory obligations particularly regarding debt securities issuance and related reporting requirements.
The company has requested BSE to take this information on record, formally establishing its compliance status under the relevant SEBI guidelines. This confirmation provides clarity on the company's regulatory position and helps stakeholders understand the applicable compliance framework for Coastal Roadways Limited's corporate activities.
Historical Stock Returns for Coastal Roadways
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | +15.67% | +4.63% | -18.61% | +1.17% | +113.96% |
What are Coastal Roadways' future debt financing plans given their exemption from Large Corporate disclosure requirements?
Could the company's current size and financial metrics change to potentially qualify it as a Large Corporate in upcoming years?
How might this regulatory classification impact investor perception and the company's access to capital markets?





























