<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Prime Industries Limited has submitted a declaration to BSE stating that it does not qualify as a 'Large Corporate' under the SEBI framework laid out in circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018. The Large Corporate framework applies to companies that raise funds through debt securities above certain borrowing thresholds and imposes additional disclosure and compliance obligations. By filing this declaration, the company confirms it falls below these thresholds and is therefore exempt from the associated quarterly and annual disclosure requirements. The letter is signed by Mohit Verma, Company Secretary and Compliance Officer, dated 21 April 2025.
This is a routine regulatory compliance filing and has no material impact on the company's financials, operations, or shareholders. It simply confirms that Prime Industries is not subject to the additional borrowing and disclosure obligations applicable to Large Corporates under SEBI rules.