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Sharat Ind
BSE: 519397NSE: SHARTSEFODISIN: INE220Z01013

30th-Jun-2019 16:01Source: BSE

Sharat Industries - Format of Initial Disclosure to be made by an entity identified as a Large Corporate

Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompaySHARAT INDUSTRIES LTD.
2CINL05005AP1990PLC011276
3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 8.81
4Highest Credit Rating during the previous FY BB+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD.
5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No



Name of the Company Secretary: C. RUBAVATHY
Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER
EmailId: cs@sharatindustries.com
Name of the Chief Financial Officer: Vivekananda Gupta
Designation: CHIEF FINANCIAL OFFICER
EmailId: head.finance@sharatindustries.com

Date: 30/06/2019

Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

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