Modern Shares & Stockbrokers Confirms Non-Large Corporate Status to BSE Under SEBI Framework

Modern Shares & Stockbrokers Limited has formally notified the Bombay Stock Exchange that it does not qualify as a Large Corporate under the Securities and Exchange Board of India's regulatory framework. The confirmation was submitted on January 2, 2026, through a letter referenced MSSL/040/2025-2026.

SEBI Large Corporate Framework Clarification

The submission relates to SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which addresses fund raising by issuance of debt securities by large entities. Under this circular, listed entities meeting specific criteria are classified as "Large Corporate" and must make mandatory disclosures to stock exchanges.

Parameter	Status
Large Corporate Classification	Not applicable
Debt Securities	None
Framework Applicability	Not applicable
Disclosure Requirements	Not required

Company's Position on Classification

Modern Shares & Stockbrokers Limited explicitly stated that it does not fall within the criteria prescribed under Clause 2.2 of the aforementioned SEBI circular. The company emphasized that since it maintains no debt securities, the Large Corporate framework and associated disclosure obligations do not apply to its business operations.

Regulatory Compliance Communication

The formal communication was signed by Anil S Manghnani, Whole Time Director of the company, bearing DIN No: 00012806. The letter was addressed to the Listing Department of Bombay Stock Exchange Limited at Phiroze Jeejeebhoy Towers, Mumbai, ensuring proper regulatory compliance and transparency.

This confirmation serves as an official record for the stock exchange and regulatory authorities, clarifying the company's status under the SEBI Large Corporate framework and confirming that related disclosure requirements are not applicable to Modern Shares & Stockbrokers Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.45%	-3.29%	-9.52%	-11.65%	-36.82%	+664.40%

Modern Shares & Stockbrokers , a prominent player in the Indian financial services sector, has reported a significant increase in its quarterly profits, showcasing robust growth in its brokerage and commission income.

Financial Highlights

Net Profit: Rs 14.90 lakhs (Q1) vs Rs 8.25 lakhs (Q1 previous year), up 81%
Total Revenue: Rs 99.05 lakhs, up from Rs 89.27 lakhs year-over-year
Brokerage and Commission Income: Rs 73.65 lakhs, increased from Rs 62.26 lakhs
Earnings Per Share (EPS): Rs 0.46, compared to Rs 0.32 in the previous year's quarter

Key Performance Indicators

Modern Shares & Stockbrokers demonstrated strong financial performance for the quarter. The company's total revenue from operations rose to Rs 99.05 lakhs, marking a notable increase from Rs 89.27 lakhs in the same quarter last year. This growth was primarily driven by a substantial rise in brokerage and commission income, which reached Rs 73.65 lakhs, up from Rs 62.26 lakhs in the corresponding quarter of the previous year.

Profit and Earnings

The company's net profit for the quarter stood at Rs 14.90 lakhs, representing an impressive 81% increase from Rs 8.25 lakhs reported in the same period last year. This significant jump in profitability underscores the company's effective operational strategies and market positioning. The basic and diluted earnings per share (EPS) also saw a considerable improvement, rising to Rs 0.46 from Rs 0.32 year-over-year.

Additional Financial Metrics

The unaudited financial results, as approved by the Board of Directors, reveal several other noteworthy aspects of the company's performance:

Interest Income: Increased to Rs 19.81 lakhs from Rs 17.45 lakhs in the previous year's quarter
Net Gain on Fair Value Changes: Rs 4.39 lakhs, a new positive entry compared to the previous year
Total Expenses: Rs 79.70 lakhs, slightly higher than Rs 78.71 lakhs in Q1 of the previous year
Profit Before Tax: Rs 19.35 lakhs, up from Rs 10.57 lakhs in the corresponding quarter

Management Approval and Audit Review

The unaudited financial results for the quarter were reviewed by the Audit Committee and subsequently approved by the Board of Directors in a meeting held on August 7. The results have also undergone a limited review by the company's statutory auditors, B D G & CO LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conclusion

Modern Shares & Stockbrokers' strong performance in Q1, characterized by significant growth in net profit and robust increase in brokerage and commission income, reflects the company's resilience and strategic positioning in the financial services sector. As the company continues to navigate the dynamic market conditions, these results provide a solid foundation for potential growth in the coming quarters.