<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> ....
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USG Tech Solutions Ltd has submitted a confirmation to BSE and CSE stating that the company does not meet the criteria to be identified as a 'Large Corporate' under SEBI regulations. The filing references two SEBI circulars: SEBI/HO/DDHS/CIR/P/2018/144 (dated November 26, 2018) and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 (dated October 19, 2023), both pertaining to fund raising by issuance of debt securities by large entities. The company states that since it does not fulfil the criteria enumerated in Clause 2 of the circulars, the disclosure requirements are not applicable to it. The confirmation was signed by the Company Secretary and CFO.
This is a routine compliance filing with no direct impact on the stock price. It simply confirms that the company is not classified as a Large Corporate under SEBI norms, meaning it does not have additional disclosure obligations related to debt issuance. Shareholders need not take any action.