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| NOTICES |
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| Notice No. |
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20240801-51 |
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Notice Date |
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01 Aug 2024 |
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| Category |
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Circulars Listed Companies |
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Segment |
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General |
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| Subject |
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Exemption under Rule 19A of Securities Contract (Regulation) Rules. 1957 (Minimum Public Shareholding for public sector company) |
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| Attachments |
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Minimum Public Shareholding.pdf ; |
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| Content |
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To,
Public Listed entities
In accordance with the latest directives issued by the Ministry of Finance vide F.No.1/14/2018-PM on July 19, 2024 (copy enclosed), it may be noted that every listed public sector company, as defined in the Securities Contract ( Regulation) Rules 1957 (“SCRR, 1957”), which has public shareholding below twenty five per cent within the timeline stipulated in Rule 19A of SCRR, 1957, shall get exemption up to August 1, 2026 to increase its public shareholding to at least twenty five per cent.
All Listed companies are requested to take note and comply accordingly.
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Manu Thomas
Addl GM-Listing Compliance
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Bijal Shettigar
AM-Listing Compliance
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