Format of Initial Disclosure to be made by an entity identified as a Large Corporate.
|Name of Compay
|Span Divergent Ltd-
|Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr)
|Highest Credit Rating during the previous FY
|Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4)
|Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the framework
Designation: Company Secretary and Compliance Officer
Designation: Whole Time Director and CFO
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.