Machino Plastics Limited Clarifies Non-Applicability of SEBI Debt Securities Circular
Machino Plastics Limited has formally communicated to BSE Limited through an official letter signed by Chairman cum Managing Director Aditya Jindal, clarifying that the company does not qualify as a 'Large Corporate' under SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. The disclosure confirms that the company falls outside the scope of framework 3.2 requirements for debt securities issuance by large entities, ensuring regulatory transparency and compliance under SEBI Regulation 30.
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Machino Plastics Limited has formally disclosed to BSE that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's regulatory framework for debt securities issuance by large entities.
Official Disclosure Communication
The company submitted an official letter to BSE Limited on April 16, 2026, signed by Chairman cum Managing Director Aditya Jindal. The communication specifically addresses the applicability of SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which deals with fund raising by issuance of debt securities by large entities.
| Parameter: | Details |
|---|---|
| Disclosure Date: | April 16, 2026 |
| SEBI Circular Reference: | SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 |
| Circular Date: | October 19, 2023 |
| Company Classification: | Not a 'Large Corporate' |
| Framework Reference: | Section 3.2 of the SEBI Circular |
| Signatory: | Aditya Jindal, Chairman cum Managing Director |
SEBI Circular Framework
The SEBI circular establishes specific criteria under framework 3.2 to determine which companies qualify as 'Large Corporate' entities for the purpose of debt securities issuance regulations. Machino Plastics Limited has confirmed that it does not meet these criteria and therefore falls outside the scope of the circular's requirements and compliance obligations.
Company Information
Machino Plastics Limited operates from its registered office and plant located at 3, Maruti J.V. Complex, Delhi-Gurugram Road, Haryana. The company is incorporated under CIN L25209HR2003PLC035034 and maintains its corporate communications through official channels including email and website platforms.
Regulatory Compliance
The disclosure was made under Regulation 30 of SEBI regulations, which mandates listed companies to inform stock exchanges about material events and corporate developments. The communication was addressed to BSE Limited, where the company's securities are listed under security code 523248. The disclosure serves to clarify the company's regulatory status and ensure transparency regarding its compliance obligations under current SEBI guidelines for debt securities and fund raising activities.
Historical Stock Returns for Machino Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.73% | +1.69% | -2.03% | -39.67% | +8.24% | +170.65% |
What are Machino Plastics' alternative funding strategies now that it cannot access large corporate debt securities frameworks?
How might this classification impact the company's cost of capital and future expansion plans?
Will Machino Plastics pursue growth initiatives to eventually qualify as a 'Large Corporate' under SEBI guidelines?
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