FDC has announced that it does not meet the criteria to be classified as a Large Corporate as of 31st March 2026, according to the framework set by the Securities and Exchange Board of India (SEBI). This confirmation comes in compliance with Chapter XII of the SEBI circular SEBI/HO/DDHS/P/CIR/2021/613, dated 10th August 2021, which outlines the guidelines for fund raising through the issuance of debt securities by large corporates.
The company stated that it has no outstanding borrowings as of the end of the financial year 2025-26, further supporting its non-qualification as a Large Corporate. Additionally, FDC reported that it did not receive a credit rating during the previous financial year, and therefore, the question of paying any fines for shortfall in required borrowing does not arise.
The declaration was made in an official filing to the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), signed by Varsharani Katre, Company Secretary & Legal Head, and Vishal Shah, Chief Financial Officer of FDC.
This disclosure is part of the annual requirements for entities identified as Large Corporates, which must submit relevant information to stock exchanges within 30 days from the start of the financial year.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).