Unison Metals Ltd., a leading player in the metals industry, has announced that it does not fall under the large corporate category as per the framework laid out in SEBI Circular No: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular addresses the fundraising through debt securities by large entities and mandates specific disclosures and compliances.

The SEBI circular requires companies meeting the criteria of a large corporate to adhere to the debt securities issuance framework, which includes compliance with borrowing limits and disclosure obligations. However, Unison Metals Ltd. has confirmed that it does not qualify as a large corporate and is, therefore, exempt from these disclosure requirements.

Details of the Confirmation

In response to the SEBI circular, Unison Metals Ltd. has confirmed that it does not meet the criteria of a large corporate, based on the company’s financials and outstanding borrowings. As such, it will not be subject to the initial disclosure obligations under SEBI’s guidelines. The company has issued a formal notification to this effect, ensuring transparency and clarity for its stakeholders and regulatory bodies.

The key details provided in the company’s communication are as follows:

• Company Name: Unison Metals Limited

• CIN: L52100GJ1990PLC013964

• Outstanding Borrowings: Not specified (but the company does not meet the large corporate criteria)

• SEBI Circular: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018

• Stock Exchange Details: BSE Scrip Code: 538610

Since Unison Metals Ltd. does not meet the borrowing threshold or other criteria established for large corporates, it is not required to make the disclosures mandated by SEBI for debt securities issuance.

About Unison Metals Ltd.

Unison Metals Ltd. operates in the metals sector and has a long-standing reputation in the manufacturing and supply of a range of metal products. The company has been a consistent player in the industry, focused on quality production and strategic growth. Unison Metals is known for its commitment to excellence, with state-of-the-art facilities and a well-established presence in the market.

Conclusion

The clarification issued by Unison Metals Ltd. regarding the non-applicability of SEBI’s circular reinforces its commitment to compliance with regulatory frameworks while ensuring that it is not burdened by requirements that do not apply to its financial standing. This announcement is a key step in maintaining transparent communication with regulators and investors, assuring them that the company remains in full alignment with SEBI’s guidelines.

Unison Metals Ltd. continues to focus on its core business while adhering to all regulatory requirements that apply to its operations. By confirming its non-applicability under the SEBI framework, the company ensures it remains in a favorable position for future business and financial growth.

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