Pursuant to SEBI Circular No: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 with regard to fund raising by issuance of debt securities by large entities and BSE Circular No. LIST/COMP/05/2019- 20 dated April 11, 2019, Akshar Spintex has confirmed that the Company does not fulfill the criteria specified in Para 2.2 of the above mentioned SEBI Circular as on March 31, 2020 and hence does not fall in the category of ‘Large Corporate’ and cannot be considered as a Large Corporate as defined under the said circular.
The above information is a part of company’s filings submitted to BSE.
