Announced Wed, 1 Jul · 13:08 IST
Company clarifies it is not classified as a large corporate under SEBI circular
Regulatory & Legal View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-7.6%1-day move
₹36.79
prior close
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base price
In-mkt
timing
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AI summary
Modern Shares & Stockbrokers has informed the exchanges that it does not meet the criteria specified under clause 2.2 of the applicable SEBI circular, and therefore is not classified as a large corporate. This means the additional borrowing and disclosure obligations applicable to large corporates do not apply to the company. No financial numbers were disclosed in this update.
Likely market impact
Neutral clarification. The company is exempt from higher disclosure and borrowing norms meant for large corporates. No material effect on shareholders expected.