NewsKundan Minerals and Metals Files Non-Applicability Disclosure for SEBI Debt Securities FrameworkKundan Minerals and Metals Files Non-Applicability Disclosure for SEBI Debt Securities Framework
Kundan Minerals and Metals Limited filed a non-applicability disclosure for FY2026-27, confirming it is not classified as a Large Corporate under SEBI's debt securities framework. The company reported zero outstanding borrowings as of March 31, 2026, and stated that regulatory requirements for debt securities issuance do not apply to its operations. The disclosure was submitted to NSE and BSE in compliance with multiple SEBI circulars and was signed by key company officials.
*this image is generated using AI for illustrative purposes only.
Kundan Minerals and Metals Limited has submitted a formal disclosure to the National Stock Exchange and BSE Limited, confirming its non-applicability status under SEBI's debt securities framework for the financial year 2026-27. The company has clarified that it does not meet the criteria to be classified as a Large Corporate under the regulatory requirements.
Regulatory Compliance Details
The disclosure was filed pursuant to several SEBI circulars, including SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022, SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and SEBI Master Circular No. SEBI/HO/DDHS/DDHS-POD/P/CIR/2025/000000137 dated October 15, 2025. These circulars pertain to fund raising by issuance of debt securities by large entities under Chapter XII of the SEBI framework.
Financial Position and Corporate Status
The company's financial disclosure reveals its current borrowing position and regulatory standing:
| Parameter: | Details |
|---|---|
| Outstanding Borrowing (as on March 31, 2026): | NIL |
| Credit Rating Status: | Not Applicable |
| Large Corporate Classification: | Not Applicable |
| Stock Exchange Fine Applicability: | Not Applicable |
Kundan Minerals and Metals Limited reported zero outstanding borrowings as of March 31, 2026, which supports its position that the debt securities framework requirements do not apply to its operations.
Corporate Information
The company, formerly known as Eastern Sugar & Industries Limited, operates under CIN L24205DL1964PLC462874. Its registered office is located at Flat No 4, 2nd Floor 3, Scindia House Connaught Place, New Delhi-110001. The disclosure was signed by Company Secretary and Compliance Officer Sonica Verma and Director & Chief Financial Officer Deepak Gupta on April 16, 2026.
Regulatory Framework Context
The SEBI debt securities framework under Chapter XII requires large corporates to meet specific borrowing and disclosure requirements. Companies that do not meet the threshold criteria for classification as Large Corporates must file non-applicability disclosures to inform stock exchanges and investors of their exempt status. This regulatory measure ensures transparency in corporate borrowing activities and helps maintain market oversight of debt securities issuance by significant market participants.
What are Kundan Minerals' expansion plans for FY 2027-28 that might require debt financing and potentially change their Large Corporate classification status?
How might the company's zero borrowing position impact its ability to compete with leveraged peers in the minerals and metals sector?
Will Kundan Minerals consider strategic acquisitions or capital investments that could push them above the Large Corporate threshold in future years?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
