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

























