Goodluck India Limited has announced that it does not meet the criteria to be classified as a Large Corporate (LC) as per the Securities and Exchange Board of India (SEBI) circular dated October 19, 2023. This declaration was made in accordance with the SEBI Operational Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, which outlines the framework for determining the classification of large corporates.
In the detailed disclosure provided in Annexure A, Goodluck India Limited reported that its outstanding qualified borrowings at the start and end of the financial year, dated April 1, 2025, and March 31, 2026, respectively, were zero. This indicates that the company did not have any qualified borrowings during the financial year. Additionally, the company did not engage in any incremental borrowing or issue any debt securities throughout the year.
The credit rating for Goodluck India Limited was noted as A+, which is the highest among any multiple ratings it may have received. Furthermore, the company specified that there was no requirement to pay a fine to any stock exchange due to a shortfall in the required borrowing under the SEBI framework, as the concept was not applicable in their case.
This declaration provides clarity on Goodluck India Limited’s financial positioning and compliance with SEBI regulations regarding large corporate classification, ensuring transparency for stakeholders and investors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).