Declaration with respect to Non Applicability of "Large Corporate Framework"
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMIFS Capital Markets Limited has informed the BSE and Calcutta Stock Exchange that, as of March 31, 2025, it does not qualify as a 'Large Corporate' under SEBI's circular dated November 26, 2018. This means the company does not meet the criteria (typically related to outstanding borrowings exceeding specified thresholds) that would require it to be classified as a large corporate. As a result, the company is exempt from filing the initial and annual disclosures required under the Large Corporate Framework for FY 2024-25. The declaration was signed by Poonam Bhatia, Company Secretary and Compliance Officer, on April 1, 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the company falls outside the SEBI large corporate classification, meaning lower mandatory disclosure obligations and no requirement to raise funds through specified channels like bonds or commercial paper.