Felix Industries Limited has officially confirmed that it does not fall under the 'Large Corporate' category as per the Securities and Exchange Board of India (SEBI) guidelines for fund raising through debt securities. The company’s disclosure was made in compliance with the SEBI Circulars dated November 26, 2018, August 10, 2021, and October 19, 2023, which outline the criteria for large entities in the context of issuing debt securities.

SEBI Circulars and the Large Corporate Classification

According to SEBI Circular Nos. SEBI/HO/DDHS/CIR/P/2018/144, SEBI provides clear instructions regarding the classification of companies that can issue debt securities. The updated SEBI Circular from August 2021 and October 2023 set specific criteria for identifying 'Large Corporates' based on certain financial thresholds and operational criteria. The Large Corporate category primarily includes entities that meet certain size and operational criteria, which allows them to raise funds through the issuance of debt securities.

Felix Industries’ Confirmation

In the latest disclosure, Felix Industries has stated that as of March 31, 2025, it does not meet the criteria set forth by SEBI for classification as a Large Corporate. This decision is in line with SEBI's regulatory framework, which mandates companies to disclose their classification status annually for transparency in the debt market.

Key Points of the Disclosure

• Non-Classification as Large Corporate: Felix Industries confirmed it does not meet the large corporate classification criteria.

• Compliance with SEBI Guidelines: The company adheres to the annual disclosure requirements outlined in SEBI circulars.

• Future Fund Raising: As Felix Industries is not classified as a large corporate, it is not subject to the same regulations regarding debt securities issuance as large corporate entities.

Implications for Felix Industries

This confirmation ensures that Felix Industries remains in compliance with SEBI's debt securities issuance guidelines. By adhering to the regulations, the company ensures transparency and assures investors that it is meeting regulatory requirements. This also clarifies the company's position regarding future debt raising activities under the guidelines.

Conclusion

Felix Industries' confirmation of not being classified as a large corporate under SEBI’s debt securities guidelines reflects the company’s ongoing compliance with regulatory requirements. This move aligns with the company’s commitment to transparency and regulatory adherence, providing clarity to investors and stakeholders regarding its debt issuance strategies and corporate structure.

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