With reference to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 with respect to fund raising by issuance of debt securities by Large Corporate Entities. In this connection, Sansera Engineering has informed that the outstanding long-term borrowing of the Company is over Rs 100 crores as on 31st March, 2024, however the aforesaid circular on fund raising by issuance of Debt Securities by ‘Large Corporate’ is not applicable to the Company as it does not fulfill one of the criteria i.e., credit rating of ‘AA and above’ as per point 2.2.(iii) of the said circular. It has informed that at present the Credit Rating of the Company is AA- by ICRA (ICRA). Accordingly, the framework as envisaged for Large Corporates in terms of said SEBI circular is not applicable to the Company. Copy of Annexure A as per SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 is enclosed.
