Modern Shares and Stockbrokers Limited has submitted a formal communication to The Listing Department of Bombay Stock Exchange Limited regarding compliance with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.
The circular pertains to fund raising by issuance of debt securities by large entities. Listed entities meeting specified criteria under the circular are considered "Large Corporate" (LC) and must make corresponding disclosures to stock exchanges.
The company explicitly states that it does not fall under the criteria prescribed in Clause 2.2 of the circular. Consequently, Modern Shares and Stockbrokers Limited confirms:
- It is not classified as a Large Corporate (LC)
- The company holds no debt securities
- The entire framework and disclosure requirements of the SEBI circular are not applicable to the company
The disclosure is signed by Anil S Manghnani, Whole Time Director (DIN: 00012806), and serves as an official notification for the exchange's information and records.
Financial Impact
No financial impact disclosed. The communication is a regulatory compliance statement confirming non-applicability of certain disclosure requirements.