NewsDeepak Nitrite Limited Confirms Non-Applicability as Large Corporate Under SEBI RegulationsDeepak Nitrite Limited Confirms Non-Applicability as Large Corporate Under SEBI Regulations
Deepak Nitrite Limited filed a regulatory disclosure with BSE confirming it does not qualify as a Large Corporate under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144. The company reported nil outstanding borrowings as of March 31, 2026, and holds ICRA A1+ short-term and ICRA AA Stable long-term credit ratings. The disclosure was formally submitted by Company Secretary Arvind Bajpai and CFO Somsekhar Nanda on April 17, 2026.
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Deepak Nitrite Limited has submitted a regulatory disclosure to BSE Limited confirming its non-applicability as a Large Corporate under the Securities and Exchange Board of India (SEBI) framework. The disclosure, dated April 17, 2026, addresses compliance requirements under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144.
Regulatory Compliance Status
The company has formally confirmed that it does not meet the applicability criteria for classification as a Large Corporate under the specified SEBI circular dated November 26, 2018. This disclosure is part of the mandatory reporting requirements for entities to clarify their status under the regulatory framework.
Financial Position and Credit Ratings
The company's financial disclosure reveals key information about its borrowing position and creditworthiness as of March 31, 2026.
| Parameter: | Details |
|---|---|
| Outstanding Borrowings (March 31, 2026): | Nil |
| Short Term Credit Rating: | ICRA A1+ |
| Long Term Credit Rating: | ICRA AA Stable |
| Stock Exchange Fine Applicability: | Not Applicable |
The credit ratings were assigned by ICRA Limited and represent the highest ratings achieved during the previous financial year. The ICRA A1+ short-term rating indicates the highest degree of safety regarding timely payment of financial obligations, while the ICRA AA Stable long-term rating reflects high safety and stable outlook.
Disclosure Documentation
The formal disclosure was submitted to the Department of Corporate Services at BSE Limited, referencing scrip code 506401. The document includes Annexure A, which provides the standardized format for initial disclosure by entities identified as Large Corporates.
Authorized Signatories
The disclosure bears the signatures of two key officials:
- Arvind Bajpai, Company Secretary
- Somsekhar Nanda, Chief Financial Officer
Both officials can be reached at the company's registered office phone number 0265-2765200. The document includes digital signatures and the official company seal, ensuring proper authentication and compliance with regulatory requirements.
Corporate Information
Deepak Nitrite Limited operates with CIN L24110GJ1970PLC001735 and maintains its registered and corporate office at 2nd Floor, Fermenter House, Alambic City, Alambic Avenue Road, Vadodara – 390 003, Gujarat, India. The company provides investor relations contact through investor@godeepak.com and maintains its corporate website at www.godeepak.com .
Historical Stock Returns for Deepak Nitrite
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.29% | +8.09% | +10.52% | -13.37% | -21.94% | -3.14% |
What strategic initiatives might Deepak Nitrite pursue with its debt-free status and strong credit ratings to accelerate growth?
How could the company's non-Large Corporate classification impact its future fundraising options and regulatory compliance costs?
Will Deepak Nitrite's excellent credit ratings (ICRA A1+/AA Stable) enable it to secure more favorable terms for potential future borrowings?
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