Minaxi Textiles Submits Initial Disclosure as Large Corporate Entity on BSE
Minaxi Textiles Ltd (BSE: MINAXI) has filed its initial disclosure with the Bombay Stock Exchange (BSE) under the SEBI Large Corporate framework, citing Rs 12.20 crore in outstanding borrowing as of the applicable reporting date. The filing, dated May 28, 2026, was submitted in accordance with the requirements laid out in SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.
The disclosure identifies Minaxi Textiles as a Large Corporate entity under the SEBI framework, which applies to companies meeting specific borrowing thresholds. The filing provides key financial and administrative details pertaining to the company's debt position and compliance obligations.
Key Disclosures in the Filing
The company reported outstanding borrowing of Rs 12.20 crore as of the relevant date in fiscal year 2025–26 or the preceding period. The highest credit rating during the previous fiscal year was listed as not applicable (NA), with no credit rating agency named. BSE has been designated as the stock exchange through which any fine for shortfall in mandatory borrowing through debt securities would be paid.
The SEBI framework stipulates that entities identified as Large Corporates must ensure compliance with mandatory borrowing requirements through debt markets. Should there be a shortfall, a fine of 0.2% of the shortfall amount would be levied by the stock exchange at the end of the two-year block period.
Company Officers and Contact Information
The filing lists Priyanka Patel as the Company Secretary and Ms Ghanchi Benjir Asgarali as the Chief Financial Officer (CFO) of Minaxi Textiles. Queries related to the disclosure may be directed to minaxitx@yahoo.com or minaxitextilesltd@gmail.com.
The company operates under CIN L17119GJ1995PLC025007 and is incorporated as Minaxi Textiles Ltd. The disclosure comes as part of ongoing regulatory compliance requirements applicable to listed entities classified as Large Corporates under SEBI guidelines.
About the SEBI Large Corporate Framework
The SEBI circular introduced in November 2018 established guidelines for Large Corporate entities, mandating initial disclosures and periodic updates regarding borrowing patterns and compliance. Entities identified under this framework are required to disclose borrowing details and maintain transparency regarding debt market obligations.
Minaxi Textiles' filing on BSE reflects adherence to these regulatory requirements and provides investors with updated information regarding the company's financial position. The disclosure does not indicate any new borrowings or changes to the company's capital structure.
This article is based on publicly available corporate filings and regulatory disclosures. It does not constitute financial advice. Investors are advised to review complete disclosure documents and consult a SEBI-registered investment advisor before making any investment decisions.