Nirlon Limited has officially communicated to BSE Limited that it does not meet the criteria to be classified as a 'Large Corporate' under SEBI's regulatory framework for the Financial Year ended March 31, 2026. The disclosure was made on April 2, 2026, in compliance with Regulation 30 requirements.

SEBI Large Corporate Classification Requirements

The classification as a Large Corporate under SEBI circulars requires entities to fulfill specific conditions, including maintaining particular credit rating standards. According to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2021/613 dated August 10, 2021, and subsequent amendments, listed entities must have credit ratings of 'AA', 'AA+', or 'AAA' for their unsupported bank borrowings or plain vanilla bonds.

Company's Current Credit Structure

Nirlon Limited currently maintains only one secured credit facility and does not have any unsecured borrowings. This credit structure prevents the company from obtaining the required credit ratings for unsupported bank borrowings or plain vanilla bonds, which are essential criteria for Large Corporate classification under SEBI guidelines.

Regulatory Implications

Due to its non-classification as a Large Corporate, Nirlon Limited is exempt from filing initial disclosures under the SEBI circulars for the Financial Year ended March 31, 2026. The company has formally requested BSE Limited to take this disclosure on record for reference and further proceedings.

Corporate Communication Details

The disclosure was signed by Jasmin K. Bhavsar, Company Secretary, Vice President (Legal) & Compliance Officer, bearing FCS 4178 registration. The communication was addressed to BSE Limited under security code 500307, ensuring proper regulatory compliance and transparency with stakeholders.

Nirlon Limited has formally notified BSE Limited about its upcoming Board of Directors and Committees meeting scheduled for May 25, 2026, at 12.30 p.m. (IST). The meeting has been convened in compliance with Regulation 29 read with Regulation 33 and 47(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board meeting will address several critical matters for the company's financial year 2025-26 and preparations for the upcoming year:

Regulatory Compliance and Publication

The company has published notices in newspapers including Business Standard (English) and Navakal (Marathi) to ensure compliance under Regulation 33 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication regarding the newspaper publication was submitted to BSE Limited on March 26, 2026, demonstrating the company's commitment to maintaining transparency and adhering to regulatory requirements.

Trading Window Closure

Nirlon Limited has announced that the prohibited period for trading will commence from Wednesday, April 1, 2026 to Wednesday, May 27, 2026. This closure is in accordance with the Company's Internal Code of Conduct for regulating, monitoring and reporting trades under SEBI (Prohibition of Insider Trading) Regulation, 2015 (ICCPIT).

Meeting Structure and Governance

The scheduled meeting will include both the Board of Directors and various Committees, including the Audit Committee. This comprehensive approach ensures that all relevant stakeholders are involved in the decision-making process for the important matters on the agenda. Any final dividend recommendation made by the board will be subject to shareholders' approval at the company's 67th Annual General Meeting, following standard corporate governance practices.

The formal communications were signed by Jasmin K. Bhavsar, Company Secretary, Vice President (Legal) & Compliance Officer, providing adequate notice to stakeholders and regulatory authorities.