BDE Ltd. has its equity shares listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with total outstanding long-term borrowings amounting to ₹1,000 Crore for the financial year ending on Marc

A listed entity which has outstanding long term borrowings of ₹1000 crore or above shall be considered as Large Corporate (LC). Further, an LC shall raise not less than 25% of its qualified borrowings by way of issuance of debt securities in the financial years subsequent to the financial year in which it is identified as an LC. Accordingly, the mandatory incremental borrowings of BDE Ltd. (LC) shall be 25% of incremental borrowings i.e. 25% of ₹500 Crore = ₹125 Crore. If a Large Corporate (LC) exceeds the 25% borrowing requirement in the three-year block, it is entitled to incentives such as reduced annual listing fees and a credit in the form of a reduction in the contribution to the Core Settlement Guarantee Fund (SGF) of LPCC (Limited Purpose Clearing Corporation) and in case if it fails to meet the 25% incremental requirement, it faces a disincentive in the form of an additional contribution to the Core Settlement Guarantee Fund (SGF) of LPCC. These are staggered over future periods.