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AIA Engineering confirms non-applicability of large corporate criteria

April 15, 2025 at 07:10 PM UTCBy FilingReader AI

AIA Engineering (BSE: AIAENG) announced today that it meets the criteria to be exempt from certain regulations applicable to Large Corporates, as defined by the Securities and Exchange Board of India (SEBI). This confirmation, detailed in a letter to the BSE and the National Stock Exchange of India, states that as of March 31, 2025, the company does not meet the Large Corporate designation under SEBI's fund-raising regulations related to debt securities. As of the same date, the company's outstanding borrowing is NIL. The company's highest credit rating during the previous financial year was CRISIL AA+ for long term and CRISIL A1+ for short term. The announcement follows SEBI's Master Circular dated July 7, 2023, and aims to clarify AIA Engineering's position relative to these regulatory frameworks.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:AIAENGBombay Stock Exchange

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