Indobell insulations Limited has formally notified BSE Limited regarding its classification status under SEBI regulations for large corporate entities. The company confirmed that it does not fall under the "Large Corporate" category as on March 31, 2026.

Regulatory Compliance Communication

The confirmation was submitted to BSE on April 10, 2026, by Company Secretary and Compliance Officer Sanjay Agarwal. The communication specifically addressed the company's status in relation to SEBI's fund raising regulations for debt securities issuance by large entities.

SEBI Circular References

The company's confirmation was made pursuant to three specific SEBI circulars that govern fund raising requirements for large corporate entities:

• SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
• SEBI Operational Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
• SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023

Compliance Implications

As a result of not being classified as a "Large Corporate," Indobell Insulations Limited stated that the requirement of initial disclosure under Clause 3 of the aforementioned SEBI circulars is not applicable to the company. This classification affects the regulatory obligations related to debt securities issuance that the company must follow.

The company operates from its registered office in Kolkata and maintains manufacturing facilities in both Eastern and Western regions of India, including locations in Kolkata and Palghar.

Indobell insulations Limited has secured a significant export order worth USD 82,500 from GE Vernova Operations LLC, Cambridge, USA. The Kolkata-based insulation specialist announced this development through a regulatory filing under Regulation 30 of SEBI listing requirements.

Order Details and Specifications

The contract involves the supply of Steam Turbine Insulation – Blanket Therm products to the American entity. The order represents an international business opportunity for the company, strengthening its presence in the global industrial insulation market.

Commercial Terms and Conditions

The contract comes with specific commercial arrangements designed to facilitate smooth international trade operations. The payment structure and delivery terms reflect standard international business practices.

Regulatory Compliance and Disclosures

Indobell Insulations confirmed that this order does not involve any related party transactions and has been executed at arm's length. The company also clarified that no promoter, promoter group, or group companies have any interest in GE Vernova Operations LLC.

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full transparency with stakeholders and regulatory authorities.

Strategic Significance

This export order demonstrates Indobell Insulations' capability to serve international clients in the specialized industrial insulation segment. The contract with GE Vernova Operations LLC, a prominent player in the energy sector, validates the company's technical expertise and quality standards in steam turbine insulation solutions.