In this regard we hereby submit that our Company is not falling in the criteria prescribed under Clause 2.2 of the said circular. Thus, we are not a Large Corporate and the company has ....
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Modern Shares & Stockbrokers Ltd has submitted a disclosure to BSE confirming it does not qualify as a 'Large Corporate' under Clause 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular applies to listed entities raising funds through debt securities. The company has also stated it has no outstanding debt securities, meaning the entire Large Corporate disclosure framework is not applicable to it. The filing was signed by Whole Time Director Anil S Manghnani on April 2, 2025, and is a routine annual compliance submission.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company's small size and absence of debt obligations, meaning it is exempt from additional SEBI disclosures required of larger listed entities.