<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.
Sagar Systech Limited has submitted a confirmation to BSE stating that it does not fall under the SEBI definition of a 'Large Corporate'. The company meets all three criteria for exemption: its equity shares are listed on BSE, it has no outstanding long-term borrowings of Rs. 100 crores or above, and it does not hold a credit rating of 'AA and above'. This is a routine regulatory compliance filing under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144, confirming the company's non-applicability status.
No direct impact on shareholders or stock price. This is an informational filing confirming the company's small corporate status, which exempts it from additional disclosure requirements applicable to large corporates.