Prashant India Ltd Files SEBI Initial Disclosure
Prashant India Ltd (CIN: L15142GJ1983PLC006574) has submitted its initial disclosure as a Large Corporate entity under the SEBI framework. The filing, submitted on June 4, 2026, reports outstanding borrowing of Rs 28.17 crore as of the applicable reporting date.
Borrowing Details
According to the BSE filing, Prashant India Ltd disclosed total outstanding borrowing of Rs 28.17 crore, classifying it as a Large Corporate per the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure includes credit rating information, which is currently marked as Not Available (NA) with no Credit Rating Agency specified.
The company has designated BSE as the stock exchange where any applicable fine would be paid in case of a shortfall in mandatory borrowing requirements through debt securities. Key officers signing the disclosure include Company Secretary Swati Joshi and Chief Financial Officer Vinod Pandurang Jadhav.
SEBI Large Corporate Framework
Under SEBI guidelines, entities identified as Large Corporates must meet specific borrowing thresholds through debt markets. The framework mandates that in the event of a shortfall in mandatory borrowing, a fine of 0.2% of the shortfall amount shall be levied by stock exchanges at the end of each two-year block period.
This initial disclosure requirement applies to all entities meeting the Large Corporate classification criteria and ensures transparency regarding their borrowing position ahead of each financial year.
Compliance and Next Steps
The filing confirms Prashant India Ltd's compliance with SEBI disclosure norms. Investors and stakeholders can access the complete disclosure documentation filed with BSE, which includes details on borrowing figures, credit ratings, and designated fine collection mechanisms.
Prashant India Ltd operates under the regulatory framework established by SEBI to monitor large corporate entities and ensure disciplined borrowing practices in the debt market.
Disclaimer: This article is based solely on publicly available BSE filings and regulatory disclosures. It does not constitute financial advice. Investors should conduct their own research and consult certified financial advisors before making investment decisions. Data accurate as of the filing date June 4, 2026.