Khfm Hospitality And Facility Management Services Limited Confirms Non-Applicability of SEBI Circular for FY 2026-27
Khfm Hospitality And Facility Management Services Limited confirmed that it does not fall under the definition of a 'Large Corporate' as specified by the SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, for the Financial Year 2026-27.The circular mandates that listed entities classified as 'Large Corporates' must file an Initial Disclosure within 30 days from the start of the financial year. The framework outlined in the circular applies to listed entities (excluding Scheduled Commercial Banks) that meet three specified criteria as on the last day of the preceding financial year.
The criteria for qualification as a 'Large Corporate' include:
- Having specified securities, debt securities, or non-convertible redeemable preference shares listed on a recognized stock exchange;
- Having outstanding long-term borrowings of Rs. 1,000 crore or more (excluding specified categories); and
- Possessing a credit rating of "AA'/ 'AA+'/AAA" concerning unsupported bank borrowings or plain vanilla bonds lacking structure or support.
Khfm Hospitality & Facility Management Services Limited stated that while the company meets the first condition, as its equity shares are listed on the NSE SME Emerge platform, it does not satisfy the second and third criteria regarding outstanding borrowings and credit rating.
Consequently, the company concluded that it does not qualify as a 'Large Corporate' under the aforementioned circular, making the requirement for an Initial Disclosure for the financial year 2026-27 not applicable.
The company confirmed this status in Mumbai on April 10, 2026.
KHFM Stock Price Movement
Today, Khfm Hospitality And Facility Management Services Limited shares edged higher to close at ₹58.4, marking a modest gain of 0.26% today. The stock traded on a volume of 4,650 shares, finding support throughout the day near its low of ₹52.5.Source:
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