TT Limited, a well-established company in the textile industry, has confirmed its status regarding SEBI Circular No: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which deals with fundraising by issuance of debt securities by large entities. The circular outlines specific disclosures and compliances required for companies that meet the large corporate (LC) criteria, especially concerning their outstanding borrowings and debt securities issuance.

TT Limited, in its communication dated April 26, 2025, to the Bombay Stock Exchange (BSE), clarified that it does not qualify as a Large Corporate (LC) entity as defined under the framework of the circular. Therefore, the company is exempt from the initial disclosure obligations regarding its debt securities issuance.

Key Details Provided in the Company’s Communication

In its letter to the BSE, TT Limited outlined the following important details as part of the disclosure requirements:

• Company Name: TT Limited

• CIN: L18101DL1978PLC0092413

• Outstanding Borrowings: ₹8.08 Crore as on March 31, 2025

• Credit Rating: IND BB+ (India Ratings and Research)

• Stock Exchange for Fine: Not Applicable (NA)

These details were disclosed as part of the company's confirmation that it does not meet the large corporate classification under the applicable SEBI guidelines.

Exemption from Initial Disclosure Requirements

Since TT Limited does not meet the criteria for being a large corporate, it is not subject to the mandatory disclosures that apply to entities falling under this category. The company's borrowings and credit rating details are shared for transparency but do not trigger any penalties or fines related to non-compliance with the SEBI framework.

Additionally, TT Limited has shared that the company is not required to disclose the name of the stock exchange for paying any fines related to shortfalls in borrowing, as it is not identified as a large corporate.

About TT Limited

TT Limited has a long-standing presence in the textile industry, providing a wide range of products and services. The company is recognized for its quality and innovation in textile manufacturing, and it continues to focus on sustainable and strategic growth. TT Limited is committed to maintaining a strong compliance record while ensuring that it meets all applicable regulatory requirements.

Conclusion

TT Limited's confirmation regarding its non-applicability under the SEBI debt securities framework reflects the company’s adherence to regulatory transparency while ensuring it meets the necessary compliance criteria. By confirming its status as a non-large corporate, the company avoids the disclosure requirements tied to debt securities issuance, thereby streamlining its regulatory obligations.

The clarification ensures that investors and stakeholders are kept informed about the company's compliance status and financial standing.

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