All listed companies are requested to comply with SEBI Circular Ref. No. CFD/CMD/CIR/P/2017/115 dated 10th October 2017, on Minimum Public Shareholding (MPS) requirements (https://www.sebi.gov.in/legal/circulars/oct-2017/non-compliance-with-the-minimum-public-shareholding-mps-requirements_36216.html) , while applying for any further listing issue, revocation, sub-division, reduction of capital, split, forfeiture, re-issue of forfeiture, buy-back, re-classification etc.

Conditions for the Scrips to be traded in Rolling Segment

Kindly note that SEBI vide Circular Ref. No. Cir/ISD/3/2011 dated 17th June 2011 has identified the following conditions for allowing the scrips to be traded in Rolling segment latest by the quarter ended September 2011:

• The shares of the company should be listed with both the depositories (proof of connectivity with both the depositories/ credit confirmation from both the depositories).

• SEBI should notify to the exchanges with regard to shifting of the shares of the company to the Rolling segment (SEBI Circular to be produced).

• Fifty Percent (50 %) of Non Promoter holding should be demated (Certificate from RTA to be produced)

• Hundred Percent (100%) of the Promoter Holding should be demated (Certificate from RTA to be produced).
• Establishment of connectivity with both the Depositories NSDL and CDSL- companies eligible for shifting from Trade for Trade settlement (TFTS) to normal rolling settlement.
• Non-compliance charges (December 2022) (March 2023) (June 2023)
• Clarification regarding applicability of Indian Accounting Standards to disclosure in offer documents under SEBI (ICDR) Regulations, 2009
• Revised formats under SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011
• MPS Non-compliance (June 2023)