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Awaiting price reaction for this filing.
Sofcom Systems Ltd has submitted a confirmation to BSE stating that the company does not meet the Large Corporate (LC) criteria as defined under SEBI's circular dated October 19, 2023, as on March 31, 2025. Large Corporate classification typically applies to listed entities with outstanding borrowings above ₹1,000 crore requiring additional disclosures for fund-raising. The letter is signed by the CFO and Company Secretary and is a routine annual compliance filing required from listed entities.
This is a routine regulatory compliance submission with no material impact on share price or shareholder value. It simply confirms that the company is below the Large Corporate threshold and is not subject to the additional disclosure and borrowing norms applicable to such entities.