PFL Infotech Confirms Non-Large Corporate Status To BSE
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.3 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PFL Infotech has informed BSE that it does not meet the criteria specified in Para 2.2 of the SEBI circular dated November 26, 2018, and therefore cannot be classified as a Large Corporate. Large Corporate status is triggered when a company's outstanding borrowings exceed certain thresholds. This is a routine annual compliance disclosure signed by Managing Director Parma Nand Chand. Scrip code 531769.
Routine regulatory filing with no material impact on shareholders or stock price. The company is small in size and not subject to Large Corporate obligations.