Our Company is not falling under the criteria prescribed under the clause 2.2 of the aforesaid circular and thus we are not "Large Corporates" and the company has no debt securities. Thus ....
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Modern Shares & Stockbrokers Ltd has filed a compliance disclosure with BSE confirming it does not meet the criteria specified under Clause 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. Accordingly, the company is not classified as a 'Large Corporate' (LC). The company also confirmed that it has no debt securities outstanding, so the Large Corporate framework and disclosure obligations are not applicable to it. This is a routine annual/initial disclosure requirement mandated by SEBI for all listed entities. The filing carries no new financial or business information.
This is a routine regulatory compliance filing with no material impact on the company's financials, operations, or stock price. It simply confirms the company's non-applicability under the Large Corporate disclosure framework.