PMC Fincorp Limited has submitted its initial disclosure to BSE Limited confirming that it does not qualify as a Large Corporate under the Securities and Exchange Board of India regulations. The disclosure was made pursuant to SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which pertains to fundraising by issuance of debt securities by Large Corporates.

Regulatory Compliance Disclosure

The company formally notified BSE Limited on April 16, 2026, that it does not fall under the category of Large Corporate as per the applicability criteria mentioned in the amended SEBI circular. This disclosure is mandatory for entities to clarify their classification status under the regulatory framework.

Financial Position Details

PMC Fincorp submitted Annexure-A containing key financial and corporate details as required under the SEBI circular:

Corporate Structure

The disclosure was signed by key officials including Kailash, Company Secretary and Compliance Officer (Membership No.: A51199), and Chandresh Kumar Sharma, Chief Financial Officer. The company maintains its corporate office at Rattan Jyoti Building, Rajendra Place, New Delhi, with its registered office located in Rampur, Uttar Pradesh.

Regulatory Framework Context

The SEBI circular establishes specific criteria for identifying Large Corporates and mandates initial disclosures within 30 days from the beginning of the financial year. PMC Fincorp's confirmation of non-applicability indicates it does not meet the threshold requirements for Large Corporate classification under this regulatory framework.

The company's nil outstanding borrowings as of March 31, 2026, and absence of credit rating further support its position outside the Large Corporate category, which typically involves entities with significant debt securities issuance activities.

PMC Fincorp Limited has completed the dispatch of its postal ballot notice and published the same in newspapers on April 7, 2026, as part of the ongoing process to seek shareholder approval for the appointment of Mr. Puneet Arora as Non-Executive Non-Independent Director.

Newspaper Publication and Regulatory Compliance

The company has fulfilled its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice along with e-voting information has been published in "Financial Express" (English) and "Jansatta" (Hindi) newspapers on April 7, 2026, as mandated under Regulation 47.

The postal ballot notice was dispatched to shareholders whose email addresses are registered with the Company, Depositories, or Registrar and Transfer Agent (RTA) as on the cut-off date of Friday, April 03, 2026.

E-Voting Schedule and Process Details

The remote e-voting facility is being provided by National Securities Depository Limited (NSDL) to enable shareholders to cast their votes electronically on the proposed resolution regarding Mr. Puneet Arora's appointment.

The e-voting module will be disabled immediately after the voting period concludes, and shareholders will not be allowed to vote beyond the specified deadline.

Director Appointment and Designation Change

The postal ballot seeks approval for the change in designation of Mr. Puneet Arora (DIN: 03056312) from Executive Director to Non-Executive Non-Independent Director, effective April 01, 2026. This transition follows the board's unanimous decision based on the Nomination and Remuneration Committee's recommendation.

Mr. Arora brings over sixteen years of experience as a Chartered Accountant and finance professional, with expertise spanning financial markets, audit and assurance, equity markets, proprietary trading, and investment management structures.

Shareholder Voting Rights and Access

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are entitled to vote through the remote e-voting system. The voting rights are proportionate to their shareholding in the company's paid-up equity share capital.

The company has confirmed that hard copies of the postal ballot notice are not being sent to members, and all communication is being conducted electronically in compliance with MCA circulars.