Sundram Fasteners Limited, a renowned company in the manufacturing sector, has issued an important clarification regarding its status under the SEBI framework related to large corporate entities and debt securities issuance. This disclosure is in line with the SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and the provisions of the SEBI Operational Circular dated August 10, 2021.

Non-Classified as Large Corporate

As per the SEBI guidelines, certain entities are required to adhere to specific norms when issuing debt securities if they are classified as large corporate. Sundram Fasteners has provided a clarification in response to these regulations. The company confirms that it does not fall under the large corporate classification as per the applicable framework. This means that Sundram Fasteners is not subject to the additional requirements imposed on large corporates for debt securities issuance.

Details on Borrowings

In line with the SEBI framework, Sundram Fasteners has also disclosed the outstanding borrowings of the company as of March 31, 2025, which stand at Rs. 596.51 Crores. This is an unaudited figure and pertains to the borrowings that the company has on its balance sheet at the end of the fiscal year.

Credit Rating Agency

The company has also provided details of the credit rating agency assigned to monitor its financial health. Sundram Fasteners has been rated by Crisil Ratings Limited, a prominent credit rating agency in India. This agency evaluates the company's creditworthiness and provides ratings that help investors and stakeholders assess the company's financial standing.

Conclusion

Sundram Fasteners' disclosure is a critical update for stakeholders, ensuring transparency in terms of its compliance with SEBI regulations concerning debt securities issuance. The company's confirmation that it is not classified as a large corporate under the SEBI guidelines helps clarify its position within the framework and ensures investors are informed about its borrowing details and credit rating.

This update also reaffirms the company's commitment to maintaining transparency and fulfilling regulatory obligations to keep investors and stakeholders well-informed.

End of Disclosure

This disclosure follows the guidelines outlined by SEBI, ensuring that Sundram Fasteners complies with regulatory norms and offers relevant financial information in an accessible and clear manner.

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