Our company is not falling in the criteria prescribed under clause 2.2 of the aforesaid circular thus we are not Large Corporates and the company has no debt securities and the framework ....
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Awaiting price reaction for this filing.
Modern Shares & Stockbrokers Ltd has submitted a confirmation to BSE under SEBI Circular dated November 26, 2018, which requires large listed entities raising funds through debt securities to make specific disclosures. The company stated that it does not meet the criteria prescribed under Clause 2.2 of the circular and is therefore not classified as a 'Large Corporate.' Additionally, the company confirmed it has no outstanding debt securities, making the entire framework and disclosure requirements inapplicable to it. This is a routine annual compliance submission filed on January 2, 2026.
No material impact on shareholders or stock price. This is a routine regulatory disclosure confirming the company is small enough and has no debt securities, so it is exempt from the large corporate disclosure framework.