'Disclosure to SEBI circular No. SEBI/DDHS/P/144 for fund raising by issuance of debt securities by large…
As filed · Banaras Beads Limited has informed the Exchange regarding 'Disclosure to SEBI circular No. SEBI/HO/DDHS/CIR/P/2018/144 for fund raising by issuance of debt securities by large entities.'.
CapitalWatchMinormateriality 58 out of 100
What happened
FactBanaras Beads Limited has disclosed that it does not meet the criteria to be classified as a 'Large Corporate' under the SEBI circular regarding fundraising through the issuance of debt securities. As a result, the company is not subject to the regulations applicable to large entities for such fundraising activities. The company has requested that this information be recorded.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%