<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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Awaiting price reaction for this filing.
Prime Property Development Corporation Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's circular dated 26 November 2018, which deals with fund raising through debt securities by large entities. The company states it does not meet the criteria specified in Para 2.2 of the circular and is therefore not classified as a Large Corporate for the financial year ended 31 March 2025. The disclosure was signed by Chairman P L Soni (DIN: 00006463) on 29 April 2025.
This is a routine compliance filing that exempts the company from additional mandatory disclosures related to debt security issuements required of large corporates. It signals that the company is relatively small in size and is not planning any large debt issuances. No material impact on shareholders or stock price is expected.