<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.
Solitaire Machine Tools Limited has informed BSE that it is not classified as a 'Large Corporate' under SEBI's Chapter XII operational circular dated August 10, 2021. Under this framework, a company is considered a Large Corporate if its outstanding borrowings are Rs. 100 crore or more on the last day of the financial year. The company reported total outstanding borrowings of just Rs. 5.55 crore as on 31st March 2025, which is well below the threshold. Consequently, the company is exempt from submitting detailed initial and annual disclosures required of large corporates. This is a routine annual regulatory compliance filing.
This is a routine compliance disclosure with no impact on shareholders or stock price. It confirms the company has relatively low debt levels (Rs. 5.55 crore), indicating limited leverage but also limited scale of operations.