Shanti Spintex Limited Confirms Non-Applicability of SEBI Large Corporate Disclosure Requirements
Shanti Spintex Limited has confirmed to BSE Limited that it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/CIR/2018/144, exempting it from related disclosure requirements. The company does not meet the criteria including ₹100.00 crores outstanding long-term borrowings, AA and above credit rating, and other specified parameters. The confirmation was filed on April 2, 2026, by Company Secretary Mohini Singhal under BSE scrip code 544059.

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Shanti spintex Limited has formally notified BSE Limited that it does not qualify as a Large Corporate under the criteria established by SEBI circular SEBI/HO/DDHS/CIR/2018/144 dated November 26, 2018. This confirmation exempts the company from specific disclosure obligations mandated for larger entities.
SEBI Large Corporate Criteria
The SEBI circular defines Large Corporates based on three specific parameters that entities must meet simultaneously. The regulatory framework establishes clear thresholds for classification under this category.
| Criteria: | Requirements |
|---|---|
| Securities Listing: | Specified securities, debt securities, or non-convertible redeemable preference shares listed on recognized stock exchanges under SEBI LODR Regulations 2015 |
| Outstanding Borrowings: | Long-term borrowings of ₹100.00 crores or above with original maturity exceeding one year (excluding external commercial borrowings and inter-corporate borrowings between parent and subsidiaries) |
| Credit Rating: | AA and above rating for unsupported bank borrowings or plain vanilla bonds without structuring/support (highest rating considered if multiple ratings exist) |
Company's Compliance Status
Shanti Spintex Limited has confirmed that it does not meet the Large Corporate criteria outlined in the SEBI circular. Consequently, the company is not required to file the initial disclosure and annual disclosure documents as specified in Annexures A, B1, and B2 of the regulatory framework.
Filing Details
The confirmation was submitted to BSE Limited on April 2, 2026, under the company's scrip code 544059. Company Secretary and Compliance Officer Mohini Singhal, holding membership number A47724, digitally signed the document from Ahmedabad.
| Filing Parameter: | Details |
|---|---|
| Date: | April 2, 2026 |
| BSE Scrip Code: | 544059 |
| Signatory: | Mohini Singhal |
| Designation: | Company Secretary & Compliance Officer |
| Membership Number: | A47724 |
| Location: | Ahmedabad |
This regulatory confirmation ensures compliance transparency and clarifies the company's exemption status from the enhanced disclosure requirements applicable to Large Corporates under the SEBI framework.
Historical Stock Returns for Shanti Spintex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
What are Shanti Spintex's growth plans that could potentially push it above the ₹100 crore borrowing threshold in the coming years?
How might the company's exemption from enhanced disclosure requirements affect investor confidence and transparency perceptions?
Will Shanti Spintex consider voluntary adoption of Large Corporate disclosure practices to attract institutional investors?

































