Amba Enterprises Ltd. Confirms Non-Applicability of Large Corporate Criteria under SEBI Circular

K N Mishra

    26/Apr/2025

What's covered under the Article

  • Amba Enterprises Ltd. declares it does not qualify as a large corporate under SEBI's 2018 framework for debt securities issuance.

  • The company reports its outstanding borrowings and clarifies it does not meet the borrowing threshold.

  • Amba Enterprises Ltd. provides details of its compliance status, exempting it from large corporate obligations.

Amba Enterprises Ltd., a prominent player in the industry, has confirmed its status in relation to the SEBI Circular No: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular outlines the compliance framework for fundraising through debt securities by large corporate entities. The circular mandates disclosures for entities meeting the large corporate criteria, particularly in relation to borrowings and debt securities issuance.

In a letter dated April 26, 2025, addressed to the BSE Ltd., the company has confirmed that it does not meet the criteria of a large corporate as of March 31, 2025, as per the provisions outlined in the SEBI circular. Consequently, Amba Enterprises Ltd. is exempt from the mandatory disclosure requirements related to debt securities.

Key Disclosure Details from Amba Enterprises Ltd.

The company has provided the following essential details for clarity and transparency:

  • Company Name: Amba Enterprises Ltd.

  • CIN: L99999PN1992PLC198612

  • Outstanding Borrowings: ₹0.045 Crore as on March 31, 2025

  • Credit Rating: Not Applicable (No credit rating was assigned during the previous financial year)

  • Stock Exchange for Fine: Not Applicable (No fine for borrowing shortfall is required)

These details were provided to ensure that investors and regulators are informed about the company’s financial position and its compliance with the SEBI regulations.

Compliance Status

The non-applicability of the large corporate classification under this framework signifies that Amba Enterprises Ltd. is not required to comply with the mandatory borrowings or disclosure criteria set by SEBI for large corporates. As a result, the company is exempt from the initial disclosure related to its borrowings, credit rating, and stock exchange fines in case of a shortfall.

The CFO, Pranali Shridhar Bhata, and the Company Secretary, Shriddha Gupta, have both verified and confirmed the non-applicability of the large corporate criteria under the SEBI circular.

About Amba Enterprises Ltd.

Amba Enterprises Ltd. is involved in various industries, providing high-quality products and services. The company has maintained a focus on sustainable business practices, ensuring its financial health and compliance with industry regulations. The company's commitment to transparency and regulatory adherence is evident in this disclosure, which reflects its responsibility towards investors and other stakeholders.

Conclusion

The declaration by Amba Enterprises Ltd. regarding its non-qualification as a large corporate entity is a significant step in maintaining transparency and compliance with the SEBI regulations. By providing its borrowings and confirming the absence of credit ratings, the company is ensuring that it adheres to the highest standards of financial disclosure and corporate governance. The exemption from the large corporate framework allows the company to streamline its regulatory obligations while remaining fully compliant with SEBI's requirements.

This disclosure will provide investors and regulators with the necessary clarity on the company's status and ensure that all parties are well-informed about Amba Enterprises Ltd.'s current financial standing and regulatory compliance.


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