<b>Format of the Annual 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> ....
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Awaiting price reaction for this filing.
Prime Property Development Corporation Ltd has informed BSE that it does not meet the criteria to be classified as a 'Large Corporate' under SEBI's circular dated 26th November 2018, which deals with fund raising through debt securities. The company has stated that it does not satisfy the conditions mentioned in Para 2.2 of that circular for the financial year ended 31st March 2025. As a result, the annual disclosure obligations applicable to Large Corporates do not apply to the company. The letter is signed by P L Soni, Chairman of the company.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the company is below the size threshold required to be treated as a Large Corporate, meaning it is exempt from certain debt-related disclosure norms.