Shanti Spintex Ltd Confirms Non-Applicability of SEBI Circular on Large Corporates

Shanti Spintex Ltd has declared that the SEBI Circular SEBI/HO/DDHS/CIR/2018/144, dated 26th November 2018, is not applicable to the company. The circular pertains to the Large Corporate criteria, which includes companies with specified securities listed on a recognized stock exchange, long-term borrowings of Rs 100 crores or above, and a credit rating of 'AA' and above. Shanti Spintex Ltd does not fall under this category, and therefore, is not required to file the initial and annual disclosures as per the circular's annexures.