June Industries Limited Confirms Non-Applicability of SEBI Large Corporate Classification
June Industries Limited (formerly Kashyap Tele-Medicines Limited) has confirmed to BSE that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework. The declaration, signed by Managing Director Kalpesh Bipin Sheth on April 14, 2026, specifically addresses SEBI Circular dated October 19, 2023, regarding fund raising by issuance of debt securities by large entities. The company reiterated that it does not meet the criteria specified in para 3.2 of the aforementioned circular, ensuring compliance with current regulatory disclosure requirements.

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June Industries Limited has officially communicated to BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's regulatory framework. The company, formerly known as Kashyap Tele-Medicines Limited, submitted this confirmation as part of its ongoing regulatory compliance obligations.
Regulatory Compliance Declaration
The company's declaration specifically addresses SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023, which pertains to "Fund raising by issuance of Debt Securities by Large Entities." This circular represents the latest update in a series of regulatory guidelines that began with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.
| Parameter: | Details |
|---|---|
| Circular Reference: | SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 |
| Date: | October 19, 2023 |
| Subject: | Fund raising by issuance of Debt Securities by Large Entities |
| Relevant Section: | Para 3.2 - Large Corporate Definition |
Corporate Information and Authorization
Managing Director Kalpesh Bipin Sheth, bearing DIN 00405151, digitally signed the compliance confirmation on April 14, 2026. The declaration was submitted to the General Manager-Listing, Corporate Relationship Department at BSE Limited.
Company Details
The company operates from its registered office at Unit No.22 & 23, Hasti Industrial Premises Co-Op Soc Ltd, Plot No R-798, Mahape, MIDC, Navi Mumbai. June Industries Limited carries the Corporate Identity Number L29110MH1995PLC085738, reflecting its incorporation in Maharashtra in 1995.
Regulatory Framework Context
The SEBI circular framework has evolved through multiple iterations, with the original circular from November 26, 2018 being superseded by SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and subsequently updated by the October 2023 circular. The company's confirmation ensures compliance with the most current regulatory requirements regarding large corporate classification and associated disclosure obligations.
What are June Industries' plans for future debt fundraising given their non-large corporate status?
How might the company's regulatory classification impact its access to capital markets compared to larger competitors?
Will June Industries consider strategic growth initiatives to potentially qualify as a 'Large Corporate' in future SEBI assessments?





























