Innovative Ideals and Services (India) Limited has officially confirmed through its latest stock exchange filing dated April 26, 2025, that it does not fall under the "Large Corporate" category as per the SEBI Operational Circular dated August 10, 2021. The company, known for offering complete security solutions, has made its Annual Disclosure regarding Large Corporate compliance for the financial year 2024-25 in accordance with the prescribed regulations.

The disclosure, communicated to the BSE Limited, highlights that Innovative Ideals and Services did not meet the Large Corporate criteria and hence, no mandatory borrowings through debt securities were required for the period under review. The company clarified that there were nil incremental borrowings recorded during the financial year 2024-25 and subsequently no obligations related to the issuance of debt securities under the SEBI's guidelines.

The Annual Disclosure report submitted by Innovative Ideals and Services mentions:

• The 2-year block period considered is FY 2024-25 and FY 2025-26.

• No incremental borrowing was conducted in FY 2024-25.

• As a result, there was no mandatory borrowing obligation through debt securities.

• No penalties or fines are applicable for non-compliance as there was no shortfall or pending obligation from previous periods.

The company’s filing aligns with the SEBI guidelines that require entities falling under specific financial thresholds to mandatorily meet certain debt issuance requirements. However, since Innovative Ideals and Services does not qualify as a Large Corporate, these obligations do not apply to them.

It is crucial to note that the SEBI Large Corporate framework primarily aims to enhance transparency and promote long-term debt market development by ensuring large corporates maintain adequate exposure to debt securities. In this case, the company’s operations and financial activities during the relevant period did not trigger such requirements.

The official communication by Innovative Ideals and Services is a reaffirmation of its commitment to regulatory compliance and transparent corporate governance practices. The disclosure was duly signed by Rimpy Ali, Company Secretary and Compliance Officer, and Anupama Parab, Chief Financial Officer of the company.

Further details from the disclosure include:

• No incremental borrowing done in FY 2024-25.

• No mandatory borrowing through debt securities for FY 2024-25.

• No shortfall from previous financial years that needed to be carried forward.

• No fines or penalties applicable as per SEBI guidelines for the disclosed block period.

This update is a part of the regular disclosures companies are mandated to file to ensure investors and stakeholders are well informed about their financial health and regulatory obligations.

In light of the information provided, investors and market participants can note that Innovative Ideals and Services continues to maintain a strong compliance framework and remains transparent about its financial undertakings. The company also emphasized that it would continue adhering to all applicable regulations and requirements set forth by the Securities and Exchange Board of India (SEBI).

The confirmation by Innovative Ideals and Services that it is not classified as a Large Corporate for FY 2024-25 removes any concerns regarding mandatory debt obligations for the said period. This ensures that the company retains its financial flexibility and can focus on its operational and strategic objectives without additional regulatory borrowing pressures.

In summary, the announcement by Innovative Ideals and Services provides clarity on its financial and regulatory standing for the ongoing fiscal year and reassures stakeholders about its sound corporate governance practices. By aligning itself with the SEBI regulatory framework, the company showcases its commitment to maintaining high standards of transparency and operational integrity.

For investors tracking the performance and regulatory updates of Innovative Ideals and Services (India) Limited, this disclosure is a positive indication of the company’s ongoing compliance and prudent financial management practices.

The Upcoming IPOs in this week and coming weeks are Ather Energy, Iware Supplychain Services, Arunaya Organics,Kenrik Industries.

The Closed IPOs are Tankup Engineers.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.