Excel Realty N Infra Ltd., formerly known as Excel Infoways Ltd., has issued a formal clarification confirming that it does not meet the criteria specified in SEBI Circular No: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular addresses the fundraising through debt securities by large entities and mandates specific disclosures and compliances.

The SEBI circular primarily aims to regulate the issuance of debt securities by large corporates, requiring them to follow certain frameworks and report on their borrowings and credit ratings. However, Excel Realty N Infra Ltd. has confirmed that it does not qualify as a large corporate based on its financial position as of March 31, 2025.

Details of the Confirmation

As per the requirements of the SEBI circular, Excel Realty N Infra Ltd. has provided the necessary details in compliance with the prescribed format. Here are the relevant specifics:

• Company Name: Excel Realty N Infra Limited

• CIN: L45400MH2003PLC138568

• Outstanding Borrowings: Rs. 94.26 lakh (as of March 31, 2025)

• Highest Credit Rating: Not Applicable for the previous financial year

• Stock Exchange Details: Not Applicable (No shortfall in required borrowing)

As per Para 2.2 of the SEBI circular, entities with borrowings exceeding Rs. 500 crore are considered large corporates and are subject to specific regulations under the circular. Since Excel Realty N Infra Ltd. has outstanding borrowings of just Rs. 94.26 lakh, it does not qualify as a large corporate and is thus not subject to the stipulations laid out in the circular.

Company’s Position and Future Outlook

Excel Realty N Infra Ltd. has always maintained a cautious and responsible approach towards financial management. The company’s outstanding borrowings remain well below the threshold specified for large corporates, further emphasizing its prudent financial practices. By not meeting the criteria for being classified as a large corporate, the company will not need to comply with the more stringent requirements for the issuance of debt securities as per SEBI’s circular.

This clarification comes as part of the company's continued efforts to ensure compliance with regulatory requirements and to keep its investors and stakeholders informed. Excel Realty N Infra Ltd. has emphasized that it remains committed to its operational goals and financial stability while ensuring full compliance with applicable regulations.

About Excel Realty N Infra Ltd.

Excel Realty N Infra Ltd. is a real estate and infrastructure development company engaged in the business of construction, property development, and infrastructure projects. The company has a strong track record in the real estate sector, with a focus on delivering high-quality commercial and residential projects. Over the years, Excel Realty has made significant strides in its operations and continues to explore new opportunities within the real estate market.

Conclusion

The confirmation from Excel Realty N Infra Ltd. regarding the non-applicability of SEBI’s circular on large corporates provides clarity to investors and stakeholders. The company’s financial position as of March 31, 2025, ensures it is not required to comply with the debt securities issuance framework outlined in the circular. This strategic decision allows the company to continue with its operations without the added regulatory burden intended for larger corporates.

Excel Realty N Infra Ltd. remains focused on its growth trajectory in the real estate sector while adhering to all necessary compliance and regulatory requirements.

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