<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.
Surat Trade and Mercantile Limited has informed BSE that as of 31st March 2025, the company does not qualify as a Large Corporate under SEBI's circular dated 26 November 2018 (SEBI/HO/DDHS/CIR/P/2018/144). The framework applies to companies with outstanding borrowings above certain thresholds. Since the company falls below those thresholds, it is exempt from filing Annexure A (initial disclosure) and Annexure B1 (annual disclosure) for FY 2024-25. The letter was signed by the Company Secretary on 24 April 2025.
This is a routine compliance filing indicating the company's borrowings are below SEBI's Large Corporate thresholds. It is neutral for shareholders and unlikely to affect the stock price, as it simply confirms the company is not subject to the additional borrowing and disclosure obligations imposed on larger listed entities.