HB Stockholdings Limited submitted a regulatory disclosure to both BSE Limited and National Stock Exchange of India Limited regarding the non-applicability of SEBI's Large Corporate framework requirements.
The company confirmed that it does not fall under the category of 'Large Corporates' as defined under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 and SEBI/HO/DDHS/DDHS-POD1/P/CIR/2023/172 dated 19th October, 2023. These circulars require listed entities identified as Large Corporates to adhere to a framework for fund raising through issuance of debt securities and make prescribed disclosures.
Accordingly, the requirement for filing the Initial Disclosure under the said framework (as specified in the Annexures to the Circulars) is not applicable to the Company. The disclosure was signed by Pooja Jain, Company Secretary & Compliance Officer (Membership No. F11719) on behalf of HB Stockholdings Limited.
The company requested the exchanges to take this confirmation on record.