On April 30, 2025, Spenta International Limited issued a communication to BSE Limited regarding its classification under the Large Corporate (LC) category, as specified in SEBI’s Operational Circular dated 10th August 2021, and updated on 19th October 2023. The company has confirmed that, as of 31st March 2025, it does not fall under the Large Corporate category.

SEBI Operational Circular and Large Corporate Classification

According to the SEBI Operational Circular on the issuance of debt securities by large entities, companies whose long-term borrowings exceed Rs. 1000 crore with an original maturity of more than 1 year are classified as Large Corporates (LCs). This classification requires companies to comply with specific disclosures and reporting requirements for debt issuance.

However, Spenta International Limited has clarified that it does not meet the criteria outlined by SEBI for the Large Corporate category. As of 31st March 2025, the company’s outstanding long-term borrowings do not exceed Rs. 1000 crore. This is a key factor in its confirmation of not falling under the LC category, which means the company is exempt from the additional compliance requirements for large corporates.

The Impact of Not Being Classified as a Large Corporate

By confirming that it does not fall under the Large Corporate category, Spenta International Limited is acknowledging that it is not subject to the more stringent regulatory requirements set by SEBI for entities with substantial borrowings. This exemption may allow the company more flexibility in its financial and operational strategies.

Key Points on Spenta’s Status

• Company Status: Spenta International Limited has clarified that, as of the date mentioned, it does not meet the SEBI classification for Large Corporate (LC).

• Borrowings: The company’s long-term borrowings are below the Rs. 1000 crore threshold, which is essential for LC classification.

• Regulatory Exemption: The company will not be subject to the more rigorous reporting and compliance norms applicable to large entities raising debt securities.

Conclusion

Spenta International Limited has confirmed that it does not fall under the Large Corporate category as defined by SEBI. The company’s long-term borrowings do not exceed the Rs. 1000 crore threshold, thereby exempting it from the additional regulatory requirements associated with the issuance of debt securities for large entities. This development marks an important compliance update for the company and its stakeholders.

For any future reference or inquiries, stakeholders are advised to stay updated with any further communication from SEBI or the company regarding financial or regulatory matters.

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