i. The Company agrees that, if the listing application is approved by the Stock Exchange, it will at all times maintain the minimum level of non-promotional participation at the level of public participation, as is necessary at the time of listing. AND CONSIDERING that the obligation of the Stock Exchange is that the application be subject to an agreement with regard to the following conditions which may be admitted and maintained on the list of the Stock Exchange iv. Voluntary delisting of the company of the Stock Exchange(s). CONSIDERING that the company has submitted to the Stock Exchange an application for listing of its securities, as described in Annex I, and has made part of them. In the event of non-publication by the Company of the documents referred to in paragraph (d) on the stock exchange or withdrawal of the confirmation card by SEBI at any time prior to the granting of the authorisation to list/admit to trading the securities, the securities may not be eligible for listing/trading. and the company is obliged to immediately reimburse the subscriptions to the investors concerned. 36. The company agrees to allow the Exchange to communicate without delay to its members and the press all the information provided by the company in accordance with one of the listing requirements, provided that, in cases where such disclosure could harm the interests of the company, a specific proposal in this regard is provided for the consideration of the Stock Exchange within the framework of the Commission. information and information policy can be provided.
The company agrees that the following should also be a condition for further listing. A company agrees that a prerequisite for further listing is that, whenever the tender offer is made or there is a change in the management control of the company, the person who controls the management of the company and the company whose shares have been acquired must comply with the relevant provisions of the SEBI rules (substantial acquisition of shares and acquisitions). 1997. 28. The Company will not change the form or nature of its publicly traded securities or the rights or privileges of the holders of such securities without notifying the Exchange of the proposed change twenty-one days in advance and submitting a request for listing of the securities as amended when required by the Exchange. 38. The Company agrees not to make a preferential allocation or a bid to buy back its securities if such an allocation or offer leads to the non-promotional participation being below the ceiling set by the SEBI (Advertising and Investor Protection) Directives for the seBI (Disclosure and Investor Protection) Directives as they are applicable at the time of the first listing, the limit indicated in subsection (ii) for the existing listed company. as appropriate. NOW THEREFORE, taking into account the listing of these securities by the Stock Exchange, undertakes and agrees with the Exchange as follows: ii. If the non-promotional participation of an existing listed company is at 01.
April 2001, below the public participation ceiling required on the date of the first listing, the company increases, within one year, the amount of the non-promotional participation to at least 10%.