<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> ....
SANSTAR · price
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Awaiting price reaction for this filing.
Sanstar Ltd has informed the stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's circular dated October 19, 2023. To be classified as a Large Corporate, a listed entity must meet three conditions: being listed on a recognised stock exchange, having outstanding long-term borrowings of ₹1,000 crore or more, and possessing a credit rating of AA/AA+/AAA. While Sanstar is listed on both BSE and NSE, it does not meet the borrowing threshold or the credit rating criteria. As a result, the company is exempt from filing the Annual Disclosure that Large Corporates are required to submit within 45 days of the start of the financial year.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the SEBI-mandated Large Corporate disclosure obligation does not apply to Sanstar for FY 2025-26, implying the company has relatively modest borrowings and is not in the highest credit rating bracket.