NewsSEA TV NETWORK LIMITED confirms non-applicability of SEBI circular on debt securities issuanceSEA TV NETWORK LIMITED confirms non-applicability of SEBI circular on debt securities issuance
SEA TV NETWORK LIMITED has submitted an initial disclosure to the Bombay Stock Exchange confirming that it does not fall under the category of Large Corporate as per the applicability criteria specified in the SEBI circular on fund raising by issuance of Debt Securities by Large Corporate. The disclosure, dated April 23, 2026, was submitted by Karishma Jain, Company Secretary and Compliance Officer. The company's outstanding borrowing stands at Rs 0.00 crore, and it has no credit rating assigned, indicating it does not meet the threshold requirements for classification as a Large Corporate under the regulatory framework.
*this image is generated using AI for illustrative purposes only.
SEA TV NETWORK has submitted an initial disclosure to the Bombay Stock Exchange confirming that the company does not fall under the category of Large Corporate as per the applicability criteria specified in the SEBI circular on fund raising by issuance of Debt Securities by Large Corporate. The disclosure, dated April 23, 2026, was submitted pursuant to Para 3.1(a) of the SEBI circular.
The company provided detailed information in Annexure A, confirming its status under the regulatory framework. The disclosure was submitted by Karishma Jain, Company Secretary cum Compliance Officer, and Manish Jain, Chief Financial Officer.
Company Details and Financial Position
The disclosure includes comprehensive information about SEA TV NETWORK LIMITED's financial position and regulatory compliance status:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of Company | SEA TV NETWORK LTD. |
| 2 | CIN NO. | L61104UP2004PLC028650 |
| 3 | Outstanding borrowing as on 31st March (in Rs cr) | 0.00 |
| 4 | Highest Credit Rating during the previous FY | NA |
| 4a | Name of the Credit Rating Agency | Not Applicable |
| 5 | Name of Stock Exchange for fine payment | BSE |
The company explicitly confirmed that it does not qualify as a Large Corporate under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This confirmation is based on the applicability criteria outlined in the circular, which includes thresholds for outstanding borrowing and credit rating requirements.
Regulatory Compliance
The SEBI circular mandates that entities identified as Large Corporates must maintain a certain level of mandatory borrowing through debt securities. In the event of a shortfall in such mandatory borrowing, a fine of 0.2% of the shortfall is levied by Stock Exchanges at the end of the two-year block period, beginning from FY 2022. However, since SEA TV NETWORK LIMITED does not meet the criteria for classification as a Large Corporate, these requirements are not applicable to the company.
The disclosure was digitally signed by Karishma Jain on April 23, 2026, at 17:33:51 IST, and submitted to the Listing Department of the Bombay Stock Exchange Limited for information and record purposes.
Historical Stock Returns for Sea TV Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +7.04% | 0.0% | -21.65% | -53.09% | +336.78% |
What growth trajectory would SEA TV Network need to achieve to eventually qualify as a Large Corporate under SEBI's framework?
How might the company's zero debt position impact its ability to fund future expansion in the competitive television broadcasting sector?
Will SEA TV Network consider obtaining credit ratings voluntarily to improve its access to capital markets for future financing needs?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
