Indo Tech Transformers Limited declares its non-applicability for the Large Corporate (LC) framework, in accordance with SEBI’s guidelines, for the year ending March 31, 2025.
Indo Tech Transformers Limited, a leading player in the transformer manufacturing sector, has officially declared that it is not applicable under the Large Corporate (LC) framework, as outlined by the Securities and Exchange Board of India (SEBI). This declaration pertains to the company for the year ending March 31, 2025.
The company, in its official communication submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), confirmed that it is not bound by the SEBI guidelines concerning fundraising by debt securities, specifically those related to the LC framework. This decision follows SEBI’s circulars dated November 26, 2018, and October 19, 2023, which provide the regulatory framework for large corporates in India.
In a letter addressed to the listing departments of the BSE and NSE, the Compliance Officer of Indo Tech Transformers Limited, Mr. Karthick D, stated that the company does not fall within the purview of the LC category for the fiscal year 2025. This was made in compliance with the SEBI guidelines and serves to keep investors and regulatory bodies informed of the company’s financial and corporate positioning.
The company’s declaration ensures continued compliance with SEBI’s norms while clarifying its current status regarding corporate governance and debt issuance practices.
This marks an important step for Indo Tech Transformers in maintaining transparency and alignment with the regulatory standards set by SEBI.
For more details, refer to the official filing by Indo Tech Transformers: SEBI Filing Link.
