Disclosur eof non applicability of business responsibility and sustainability code
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Awaiting price reaction for this filing.
Frontline Corporation Ltd has informed the stock exchanges that the SEBI-mandated Business Responsibility and Sustainability Report (BRSR) does not apply to the company. BRSR filing is required only for the top 1000 listed companies by market capitalization. The company states its paid-up share capital is Rs. 4.98 crore and its net worth as of March 31, 2025 is Rs. 15.39 crore, placing it well below the threshold. Consequently, the relevant corporate governance provisions under SEBI's listing regulations are not applicable. The company has requested the exchanges to take this information on record.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company is too small to fall under mandatory BRSR reporting requirements.