SEBI Disclosure Framework for Large Corporates
Machhar Industries Ltd (BSE: MACIND) submitted its Initial Disclosure under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure, filed on May 5, 2026, outlines the company's borrowing position and compliance details as applicable to entities classified as Large Corporates under the regulatory framework.
The SEBI circular mandates that identified Large Corporates must provide mandatory disclosures regarding their borrowing activities, credit ratings, and the stock exchange where fines would be paid in case of shortfalls in required borrowing through debt markets.
Borrowing Details and Credit Rating Status
According to the disclosure, Machhar Industries Ltd reported outstanding borrowings of Rs 0.83 crore as of March 31, 2026. The company has not been assigned a credit rating by any rating agency, with both the highest credit rating and the name of the rating agency listed as "Not Applicable."
The filing confirms that in the event of a shortfall in mandatory borrowing through debt securities, BSE would levy a fine of 0.2% of the shortfall at the end of the two-year block period. BSE has been designated as the stock exchange for payment of any such fines.
Key Management Contacts
The disclosure identified the following officials as responsible for compliance:
- CS Mahesh Dube, Company Secretary — Email: info@machharinfra.com
- Anoop Kumar B Shrotriya, Chief Financial Officer — Email: ashrotriya@machharinfra.com
The company's Corporate Identification Number (CIN) is U45202MH2008PLC185168, indicating registration under the Ministry of Corporate Affairs.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors are advised to conduct their own due diligence before making any investment decisions.