<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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Competent Automobiles Company Ltd, an authorised Maruti Suzuki dealer, has submitted a declaration to BSE stating that the SEBI circular dated October 19, 2023, regarding 'Large Corporate' entities does not apply to the company. Under this SEBI framework, companies classified as Large Corporates are required to make annual disclosures about their borrowings and incremental lending to meet certain thresholds. The company has confirmed that it falls outside the Large Corporate category as defined in that circular, meaning these disclosure obligations do not apply to it. This is a routine compliance filing required annually from listed entities, and the letter was signed by the Company Secretary on April 8, 2026.
This is a routine regulatory compliance filing with no material impact on the company's operations, financials, or shareholders. It simply confirms that the company is too small to fall under SEBI's Large Corporate classification, which is a neutral disclosure for investors.