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Nandan Denim Limited ( (IN:NDL) ) has shared an announcement.
Nandan Denim Limited has notified the stock exchanges that it does not qualify as a “Large Corporate” under a Securities and Exchange Board of India circular on fund-raising through issuance of debt securities. As of March 31, 2026, the thresholds set out in the circular are not met by the company, meaning the specific regulatory framework for large corporate debt issuers does not apply.
The declaration clarifies that Nandan Denim will not be subject to the additional compliance and disclosure obligations tied to large corporate debt financing under this SEBI regime. This may afford the company greater flexibility in its current capital-raising approach, while informing investors and regulators about its present leverage and classification in the corporate debt market.
More about Nandan Denim Limited
Nandan Denim Limited is an India-based textile manufacturer focused on denim fabrics and related products, operating from Ahmedabad in Gujarat. The company serves domestic and international apparel and fashion markets, supplying denim material to garment makers and retailers across various segments of the textile value chain.
Average Trading Volume: 399,837
Technical Sentiment Signal: Hold
Current Market Cap: 4.21B INR
For detailed information about NDL stock, go to TipRanks’ Stock Analysis page.