Sanstar Limited has informed the Exchange regarding 'Intimation regarding Non-Applicability of Disclosure under the Framework for Large Corporate Entities pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023'.
SANSTAR · price
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Awaiting price reaction for this filing.
Sanstar Limited has informed the stock exchanges that it does not qualify as a 'Large Corporate' under SEBI's framework (Circular dated October 19, 2023) for the financial year 2025-26. The SEBI framework requires listed entities to file an Initial Disclosure if they meet three conditions: being listed on a recognized stock exchange, having outstanding long-term borrowings of ₹1,000 crore or more, and having a credit rating of 'AA' or above. While Sanstar is listed on both NSE and BSE, it does not meet the borrowing threshold or the credit rating criteria. Therefore, the company is exempt from the mandatory Initial Disclosure requirement applicable to large corporates for FY 2025-26.
This is a routine compliance filing with no material impact on the stock price or shareholders. It simply confirms that Sanstar is a smaller listed company that does not fall under SEBI's additional disclosure requirements meant for large corporates.