<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
Advance Multitech Ltd has submitted a disclosure to BSE confirming it is NOT classified as a 'Large Corporate' under the SEBI Master Circular dated May 22, 2024, for the financial year ended March 31, 2025. The company reported NIL outstanding borrowings as on March 31, 2025, which makes the Large Corporate framework inapplicable to it. As a non-Large Corporate, the company is not required to raise a minimum specified amount through debt securities. The disclosure was signed by the Company Secretary and CFO and submitted on April 18, 2025.
This is a routine regulatory compliance filing and has no material impact on shareholders or the stock price. It simply confirms the company has negligible debt and is exempt from certain debt-raising obligations meant for larger entities.