<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.
Magnus Retail Limited (formerly Savant Infocomm Ltd, BSE scrip code 517320) has filed its initial disclosure under SEBI's Large Corporate framework for FY ending March 31, 2025. The company reported outstanding borrowings of approximately Rs 1.43 crore (Rs 1,43,12,394), which is well below the Rs 100 crore threshold required to qualify as a Large Corporate. Accordingly, the company has confirmed it does not fall under the 'Large Corporate' category and no fine obligation arises. BSE was named as the designated stock exchange for any potential shortfall payment, though it is not applicable here. No credit rating was assigned during the previous financial year.
This is a routine regulatory compliance filing with no material impact on shareholders or stock price. It simply confirms Magnus Retail's borrowings remain very small, meaning it is exempt from the additional borrowing and disclosure obligations imposed on Large Corporates by SEBI.