Shivansh Finserve Limited Confirms Non-Large Corporate Status Under SEBI Framework
Shivansh Finserve Limited has disclosed to BSE that it does not qualify as a "Large Corporate" under SEBI's regulatory framework for debt securities fund raising. The disclosure, dated April 17, 2026, references SEBI circulars from November 26, 2018 and October 19, 2023, and was authorized by Director Mr. Rajesh Fojaji Karwasara for regulatory compliance and record purposes.
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Shivansh Finserve Limited has submitted a regulatory disclosure to BSE Limited confirming that the company does not qualify as a "Large Corporate" under the Securities and Exchange Board of India (SEBI) framework. The disclosure, dated April 17, 2026, addresses compliance requirements related to fund raising through debt securities issuance.
Regulatory Framework Details
The disclosure references two key SEBI circulars that establish the framework for large corporate classification:
| Circular Details: | Information |
|---|---|
| Primary Circular: | SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 |
| Supplementary Circular: | SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023 |
| Subject Matter: | Fund raising by issuance of Debt Securities by Large Entities |
These circulars establish the regulatory framework governing how large entities can raise funds through debt securities in the Indian capital markets.
Company Classification Status
Shivansh Finserve Limited has formally confirmed its status under the SEBI framework. The company, formerly known as Mansarovar Financial Services Limited, has declared that it does not meet the criteria to be classified as a "Large Corporate" under the specified regulatory guidelines.
| Company Information: | Details |
|---|---|
| Current Name: | Shivansh Finserve Limited |
| Former Name: | Mansarovar Financial Services Limited |
| CIN: | L65100GJ1984PLC082579 |
| BSE Scrip Code: | 539593 |
| BSE Scrip ID: | SHIVA |
Disclosure Authorization
The regulatory communication was authorized and signed by Mr. Rajesh Fojaji Karwasara, Director of Shivansh Finserve Limited. The disclosure has been submitted to BSE Limited's Corporate Relations Department for official record maintenance.
| Signatory Details: | Information |
|---|---|
| Name: | Mr. Rajesh Fojaji Karwasara |
| Designation: | Director |
| DIN: | 01115598 |
| Submission Date: | April 17, 2026 |
This disclosure ensures compliance with SEBI's transparency requirements and provides clarity to investors and regulatory authorities regarding the company's classification status under the debt securities framework.
Historical Stock Returns for Shivansh Finserve
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.18% | +15.70% | +55.69% | +41.17% | +73.02% | +1,521.43% |
What alternative funding mechanisms might Shivansh Finserve explore now that it doesn't qualify for large corporate debt securities issuance?
How could this classification impact the company's cost of capital and access to institutional investors in future fundraising rounds?
Will Shivansh Finserve need to pursue organic growth or strategic acquisitions to eventually meet the 'Large Corporate' criteria under SEBI guidelines?
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