Modern steels Limited has officially communicated to BSE Limited regarding its status under SEBI's regulatory framework for large corporate entities. The company has clarified that it does not qualify as a Large Corporate under the specific SEBI circulars governing debt securities issuance by large entities.

Regulatory Compliance Communication

The steel company submitted a formal letter to BSE Limited on April 17, 2026, addressing the non-applicability of certain SEBI regulations to its operations. The communication specifically referenced two key regulatory documents that govern fund raising activities for large corporate entities.

SEBI Circular References

Modern Steels Limited's communication addressed two specific SEBI circulars related to debt securities framework. The company clarified its position regarding these regulatory requirements that apply specifically to entities classified as Large Corporates.

Corporate Status Clarification

The company explicitly stated that it does not meet the criteria to be classified as a Large Corporate under the framework established by the referenced SEBI circulars. This classification determines the applicability of specific regulatory requirements related to debt securities issuance and fund raising activities.

The communication was digitally signed by Ananya Modi in her capacity as Company Secretary and Compliance Officer, with the digital signature timestamp showing April 17, 2026, at 11:08:31 +05'30'. The company requested BSE Limited to take note of this clarification and update their records accordingly.

Company Information

Modern Steels Limited operates from its corporate office located at 98-99, Sub City Centre, Sector 34, Chandigarh. The company maintains regular communication channels with stock exchanges to ensure compliance with all applicable regulatory requirements and maintains transparency regarding its corporate status under various SEBI frameworks.

Modern steels Limited has disclosed that no requests were received for re-lodgment of physical share transfers during March 2026, as per the special window provision under SEBI Circular dated January 30, 2026. The company made this disclosure in compliance with regulatory requirements on April 8, 2026.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. Company Secretary and Compliance Officer Ananya Modi signed the regulatory filing submitted to BSE Limited.

Transfer Agent Report Details

MCS Share Transfer Agent Limited, serving as the company's registrar and transfer agent, provided a comprehensive report dated April 6, 2026, covering the status of physical share transfer requests for March 2026.

SEBI Special Window Provision

The SEBI circular dated January 30, 2026, established a special window for shareholders to request re-lodgment of transfer requests for physical shares. This provision allows shareholders who had previously submitted physical share transfer requests that may have been pending or incomplete to resubmit their applications under specific guidelines.

Company Information

Modern Steels Limited operates from its corporate office located at 98-99, Sub City Centre, Sector 34, Chandigarh. The company is listed on BSE with scrip code 513303. MCS Share Transfer Agent Limited, based in New Delhi, handles the company's share transfer and registry services and maintains detailed records of all transfer-related activities as required by regulatory authorities.