Magnus Steel not a 'Large Corporate' as per SEBI norms

Magnus Steel & Infra Limited has confirmed that it does not meet the criteria of a 'Large Corporate' as specified in Para 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144, dated November 26, 2018. This circular outlines requirements for fund-raising by issuing debt securities by 'Large Entities' and related compliances. By not being classified as a 'Large Corporate', the company is exempt from specific compliance obligations applicable to such entities under the aforementioned SEBI circular.