Shree Narmada Aluminium Industries Limited Confirms Non-Classification as Large Corporate Under SEBI Framework

1 min read     Updated on 30 Apr 2026, 02:37 PM
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Shree Narmada Aluminium Industries Limited has submitted an initial disclosure to BSE Ltd confirming that it does not qualify as a Large Corporate under SEBI's regulatory framework for fund raising through debt securities. The disclosure, submitted on April 28, 2026, references SEBI Circulars dated August 10, 2021 and November 26, 2018. The company reported outstanding borrowings of Rs. 6,10,38,319.63 as of March 31, 2026, and confirmed that no credit rating agency rating was applicable for the previous financial year.

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Shree Narmada Aluminium Industries Limited has submitted an initial disclosure to BSE Ltd confirming that the company does not qualify as a Large Corporate under the regulatory framework established by the Securities and Exchange Board of India (SEBI) for fund raising through debt securities. The disclosure, dated April 28, 2026, was submitted pursuant to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, as amended, read with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

The company, listed on BSE with scrip code 513127, provided detailed information in Annexure A accompanying the disclosure. The submission was made by Kantilal Bhuralal Patel, Managing Director of the company, with DIN 01441306. Shree Narmada Aluminium Industries Limited is registered at Plot No 95/1, Bholav Palaj Road, Bhalav Bharuch 392001, and operates under CIN L91110GJ1981PLC004269.

Key Financial Details

The disclosure includes specific financial information regarding the company's borrowing position and regulatory status:

S.NO PARTICULARS DETAILS
1. Name of the Company Shree Narmada Aluminium Industries Limited
2. CIN L91110GJ1981PLC004269
3. Outstanding borrowing of Company as on 31st March, 2026 Rs. 6,10,38,319.63/-
4. Highest credit rating agency during the previous F.Y. along with name of the Credit Rating Agency (CRA) Not Applicable
5. Name of the Stock Exchange in which the fine shall be paid in case of shortfall BSE Limited

Regulatory Compliance

The company explicitly confirmed that it is not a Large Corporate as per the applicability criteria specified under Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 and subsequent amendments. This classification determines whether companies are subject to additional disclosure and compliance requirements when raising funds through debt securities.

The disclosure was addressed to the Secretary, BSE Ltd, Corporate Relationship Department, and requested that the information be placed on record. The company's website is www.snailbh.in and it can be contacted via email at nalexvh@yahoo.co.in or by phone at +91 9820068256.

Will Shree Narmada Aluminium consider obtaining credit ratings in the future to enhance its debt financing options?

How might the company's exclusion from Large Corporate status affect its ability to raise capital for expansion in the competitive aluminium industry?

Could the relatively low borrowing amount of Rs. 6.1 crores indicate conservative financial management or limited growth opportunities?

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Shree Narmada Aluminium Industries Files SEBI Disclosure Confirming No Share Encumbrance in FY26

1 min read     Updated on 08 Apr 2026, 06:31 AM
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Shree Narmada Aluminium Industries Limited has submitted its SEBI disclosure under Regulation 31(4) for FY 2025-2026, confirming no encumbrance on equity shares by promoters. The filing was made by Managing Director Kantilal Bhuralal Patel on April 06, 2026, ensuring regulatory compliance and transparency for investors.

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Shree Narmada Aluminium Industries Limited has filed its mandatory regulatory disclosure with BSE Limited, confirming compliance with SEBI regulations regarding substantial acquisition of shares and takeovers for the financial year ended March 31, 2026.

Regulatory Compliance Details

The disclosure was submitted under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Managing Director Kantilal Bhuralal Patel filed the disclosure on behalf of the promoter and promoter group.

Parameter: Details
Filing Date: April 06, 2026
Financial Year: 2025-2026
Regulation: SEBI Regulation 31(4)
Filed By: Kantilal Bhuralal Patel (Managing Director)
DIN: 01441306

Key Disclosure Statement

The filing confirms that promoters, promoter group members, and persons acting in concert have not made any encumbrance, directly or indirectly, on equity shares of the company during the financial year 2025-2026. This declaration provides transparency regarding the promoter group's shareholding status and ensures compliance with regulatory requirements.

Company Information

Shree Narmada Aluminium Industries Limited operates from its registered address at Plot No 95/1, Bholav Palaj Road, Bhalav Bharuch 392001. The company maintains its corporate identification number as L91110GJ1981PLC004269 and trades on BSE under scrip code 513127.

Corporate Details: Information
CIN: L91110GJ1981PLC004269
BSE Scrip Code: 513127
Registered Office: Bharuch, Gujarat
Website: www.snailbh.in

This regulatory filing demonstrates the company's commitment to maintaining transparency with stakeholders and adhering to SEBI's disclosure requirements for listed entities.

What strategic initiatives might Shree Narmada Aluminium pursue in FY2027 given the clean promoter shareholding structure?

How could the aluminum industry's evolving regulatory landscape impact the company's future compliance requirements?

Will the company consider any equity fundraising or expansion plans now that promoter encumbrance concerns are cleared?

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