NewsDhruv Consultancy Services confirms non-applicability of Large Corporate framework for Q4 FY26Dhruv Consultancy Services confirms non-applicability of Large Corporate framework for Q4 FY26
Dhruv Consultancy Services Limited disclosed its non-applicability for the Large Corporate framework under SEBI circular for Q4 FY26, reporting outstanding borrowings of Rs. 19.65 Cr as on March 31, 2026. The company maintains a CARE BB+ stable credit rating and has designated BSE Limited for any potential framework-related obligations.
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Dhruv consultancy Services Limited has formally disclosed its non-applicability for the Large Corporate framework under SEBI regulations for the fourth quarter of FY 2025-26. The company made this disclosure pursuant to Chapter XII of SEBI circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which relates to fund raising through issuance of debt securities by large entities.
Financial Position and Credit Rating
The company provided key financial details as part of its regulatory disclosure. As on March 31, 2026, Dhruv Consultancy Services Limited reported outstanding borrowings of Rs. 19.65 Cr. The company maintains a credit rating of CARE BB+ with a stable outlook, which was the highest credit rating during the previous financial year.
| Parameter | Details |
|---|---|
| Outstanding Borrowings (March 31, 2026) | Rs. 19.65 Cr |
| Credit Rating | CARE BB+; Stable |
| Rating Agency | CARE |
| Designated Stock Exchange | BSE Limited |
Regulatory Compliance Framework
The disclosure confirms that Dhruv Consultancy Services Limited does not meet the applicability criteria for classification as a Large Corporate under the SEBI framework. The company has designated BSE Limited as the stock exchange where any potential fine would be paid in case of shortfall in required borrowing under the framework.
Corporate Information
Dhruv Consultancy Services Limited operates with CIN L42204MH2003PLC141887 and is headquartered in Navi Mumbai. The company is listed on both BSE (Security Code: 541302) and NSE (Scrip Symbol: DHRUV). The regulatory disclosure was signed by Company Secretary and Compliance Officer Paresh Dange and Chief Financial Officer Akhilesh Dandawate.
SEBI Circular Requirements
The disclosure was made in compliance with SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. This circular mandates specific disclosures from companies regarding their status under the Large Corporate framework, particularly relating to debt securities issuance and borrowing thresholds. Companies falling below the specified criteria must formally confirm their non-applicability status through such regulatory filings.
Historical Stock Returns for Dhruv Consultancy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.60% | +5.43% | +22.14% | -27.56% | -48.40% | -54.17% |
What growth trajectory would Dhruv Consultancy need to achieve to qualify for the Large Corporate framework in future quarters?
How might the company's CARE BB+ credit rating impact its ability to secure additional funding for expansion plans?
Will Dhruv Consultancy consider alternative funding mechanisms beyond debt securities given its current non-applicability status?
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