Karnavati Finance Limited has formally disclosed to BSE Limited that it does not qualify as a "Large Corporate" under the regulatory framework established by SEBI for debt securities issuance. The disclosure was made on April 30, 2026, in compliance with SEBI Circular SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Disclosure

The company submitted its disclosure pursuant to SEBI's circular regarding fund raising by issuance of debt securities by Large Entities. Karnavati Finance Limited confirmed that it does not meet the criteria to be classified as a Large Corporate under the framework provided in the aforementioned circular. The disclosure was signed by Company Secretary Akanksha Roy and Chief Financial Officer Kush Morzaria.

Financial Position Summary

The company's annual disclosure revealed its borrowing position and financial standing as of March 31, 2026. The comprehensive financial data demonstrates the company's current debt structure and overall financial health.

Corporate Structure and Operations

Karnavati Finance Limited operates with its administrative and corporate office located in Jamnagar, Gujarat, while maintaining its registered office in Mumbai, Maharashtra. The company holds CIN L65910MH1984PLC034724 and has been incorporated since 1984. The disclosure confirms the company's compliance with regulatory requirements while maintaining transparency regarding its borrowing activities and financial position.

The submission of the initial disclosure format for entities identified as Large Corporates demonstrates the company's adherence to SEBI's regulatory framework, even though it does not qualify under the Large Corporate classification. This proactive compliance approach ensures transparency with stakeholders and regulatory authorities regarding the company's debt securities framework status.