PG Foils Limited has formally confirmed to the Bombay Stock Exchange that it does not qualify as a Large Corporate under SEBI regulations. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which governs fund raising through debt securities by large entities.

Regulatory Compliance Disclosure

The company submitted its initial disclosure on April 29, 2026, confirming its non-applicability status under the Large Corporate framework. This regulatory requirement ensures transparency in corporate borrowing and debt issuance activities among publicly listed companies. The disclosure was addressed to the Department of Corporate Services at BSE Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai - 400001.

Financial Position Details

PG Foils Limited provided comprehensive financial information as part of its disclosure requirements:

Credit Rating and Market Position

The company maintains a CARE BBB+ rating with Stable outlook from Care Edge Ratings, reflecting its creditworthiness during the previous financial year. This rating indicates adequate degree of safety regarding timely servicing of financial obligations. The company has confirmed that it does not fall under the category of "Large Corporate" as per the applicability criteria given under the SEBI circular.

Compliance Framework

The SEBI circular establishes specific criteria for determining Large Corporate status, primarily based on outstanding borrowings and other financial parameters. Companies falling under this category face additional regulatory requirements for debt securities issuance. PG Foils Limited's confirmation of non-applicability indicates it does not meet the threshold criteria specified in the regulatory framework. The company has specified BSE Limited as the stock exchange where any fine would be paid in case of shortfall in required borrowing under the framework.

Corporate Governance

The disclosure was signed by Bhawana Songara, Company Secretary cum Compliance Officer, and Naveen Kumar Jain, Chief Financial Officer, ensuring proper authorization and corporate governance compliance. The document was digitally signed by Bhawana Songara on April 29, 2026, at 17:46:22 +05'30'. This dual authorization reflects the company's commitment to maintaining transparent regulatory reporting standards. The company's registered office is located at 6, Neptune Tower, Ashram Road, Ahmedabad - 380 009.

pg foils reported a fire incident at its manufacturing plant located in Pipalia Kalan, District Pali, Rajasthan, on Wednesday, April 29, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fire broke out in a roughing machine at approximately 12.35 A.M. and was brought under control within 1 to 2 hours through the continuous efforts of firefighters. The company confirmed that no injury or loss to human life occurred during the incident.

Impact Assessment

PG Foils Limited is currently investigating the root cause of the fire and has estimated the financial loss to be between Rs 4 crore and Rs 5 crore. The company has stated that it will provide updates on its findings in due course. Partial operations at the plant remain temporarily suspended as a result of the incident, though the company is taking steps to ensure normal operations resume at the earliest.

Insurance Coverage and Safety Commitment

The company has confirmed that the damage caused by the fire is adequately covered by insurance. PG Foils Limited reiterated its commitment to maintaining the highest safety standards at its facilities. The disclosure included additional details as per SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular no. EBI/HO/CFD/PoD2/CIR/P/2023/120 dated November 11, 2024.

Incident Details Summary

The disclosure was signed by Bhawana Songara, Company Secretary, on behalf of PG Foils Limited from Pipalia Kalan (Pali) on April 29, 2026.