sebi listing regulations_checklist

7/26/2019 SEBI Listing Regulations_Checklist

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Section 21 of the Securities Contracts (Regulations) Act,1956 (SCRA) requires csection2&' of this Act prescries stringent penalt! not e#ceeing Rs$25 crores for fa

n conucting an auit of a compan!, the auitor is require to ensure complianc

Consieration of -aws an Regulations in an Auit of %inancial Statements, ealsconsiere ! the auitor while ischarging his reporting oligation, is SA .2,information, SR' 21, Re*iew of nterim %inancial nformation 3erforme ! the

n *iew of the ao*e, as auitors of liste companies, it is imperati*e that we conSecurities and Exchange Board of India (Listing Obligations and Disclwhich ha pre*iousl! entere into agreement(s) with recognise stoc" e#change(s)

7hile preparing this chec"list, we ha*e consiere onl! those Regulations whichReeemale 3reference Shares (Refer tas 8et < 3ref$ Shares8 an 8Appeni# 48)


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mpanies whose securities are liste on an! recognise stoc" e#change to compl! with the conitionlure to compl! with the listing conitions$

with the stanars on auiting (SAs) an other authoritati*e pronouncements issue ! the nstitute

with the auitor+s responsiilit! to consier laws an regulations when performing an auit of financ/he Auitor+s Responsiilit! in Relation to 0ther nformation in ocuments Containing Auite %i

nepenent Auitor of the 'ntit!, will nee to e consiere$

sier the requirements of the listing agreement while conucting our auits$ S'4 has notifie new fosure Requirements) Regulations, !"#(the Regulations) on Septemer 2, 215 which come ino list their securities, will ha*e to e#ecute fresh listing agreement(s) with such stoc" e#change(s) within 6

relate to auit of entities whose Specifie securities (Refer tas 8Specifie Securities8 an 8Appeni#are liste$ /his chec"list is ase on the regulations an relate circulars issue till :o*emer 2., 215$


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of the listing agreement with that stoc" e#change$ %urther

of Chartere Accountants of nia (+CA+)$ SA 25(Re*ise),

al statements$ Similarl!, another SA which woul nee to eancial Statements$ %urther for re*iewing interim financial

rmat for a uniform listing agreement post notification of theto force from December ", !"#$ All e#isting liste entities,months from the ate of notification of the Regulations$

8) anor :on;con*ertile et Securities :on;con*ertile


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$eneral Info

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9

1

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11

12

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1

15

-I'%I'L

16


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1.

1?

19


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2

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21

O&ER RE

22

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2

25


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26

2.

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29

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rmation

+atter for consideration

I * %O++O OBLI$'IOS O- LISED EIIES

7hether the has appointe a qualifie Compan! Secretar! as the Compliance 0fficer$

(a) 7hether the compan! manages the share transfer facilit! in;house$

() f the answer to ao*e is 8:o8, whether the has appointe a Share /ransfer Agent$$

() 7eather the entit! has place the ao*e referre statement efore the oar of irectors of the entit! on quarterl! asis$

* OBLI$'IOS O- LISED EI/ 0&I%& &'S LISED IS SE%I-IED SE%1RIIES

ce with the requirements of the Regulations is the responsibility of the management. This checklist is ties listed! hae been included in the Checklist. "ngagement teams should refer to the Regulations! as ap

(c) n case the total numer of holers of securities of the liste entit! has e#ceee one la"h, whether it has registere w4oar as a Categor! share transfer agent or has appointe Registrar to an issue an share transfer agent registere w4oar$

7hether the compan! has sumitte a compliance certificate to the e#change, within one month of en of each halffinancial !ear, certif!ing compliance with the requirements of regulation .(2)

7hether the entit! has a polic! for preser*ation of ocuments classif!ing those in two categories ; (i) preser*ation of ocin permanent nature an (ii) thse to e preser*e for a perio of ? !ears from the ate of the rele*ant transaction$

7hether the entit! has put in place infrastructure as require for compliance with the requirements of e;filing of ocumen

the stoc" e#change(s)$7hether the entit! is registere on the SC0R'S platform or such other electronic platform or s!stem of S'4, in orer toin*estor complaints electronicall!$

(a) 7eather the entit! has file with the stoc" e#change(s) on a quarterl! asis, within twent! one a!s from the enquarter, a statement gi*ing the numer of in*estor complaints pening at the eginning of the quarter, those recei*e uriquarter, ispose of uring the quarter an those remaining unresol*e at the en of the quarter$

Specified Securities means equity shares and convertible securities as defined under clause (zj) of sub-regulation

regulation of the Securities and !"change #oard of $ndia ($ssue of %apital and &isclosure 'equirements) 'egulations

7hether the entit! has complie with requirements of Corporate @o*ernance$:ote= 'ngagement team shoul refer the separate compliance chec" list in respect of Corporate @o*ernanceB

7hether the entit! otaine in;principle appro*al for issue of shares from all the e#changes where it is liste or proposeliste

7hether the entit! has gi*en 3rior intimation to the stoc" e#change of oar meeting to e hel for consierations of thefollowing proposals =

atleast , days advance (e"cluding the date of intimation and date of meeting) for the folloing . (a) financial results


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(a) 7hether the entit! has frame a polic! for etermination of materialit!, ase on criteria specifie in su;regulation ()$

() 7hether the polic! as state ao*e appro*e ! its oar of irectors an whether it is isclose on the entit!+s wesite$

() 7hether the ao*e statement has een place efore the auit committee

(c) 7hether the e#planations to *ariations e#plaine in the irectors+ report

RES1LS

#reparation

atleast days advance for the folloing . () proposal for u!ac" of securities (c) proposal for *oluntar! elisting ! the liste entit! from the stoc"e#change(s) () fun raising ! wa! of further pulic offer, rights issue, AR @R %CC4s, D3s, et issue, preferential issue or anmetho an for etermination of issue price, incluing intimation for A@E '@E or postal allot propose to e hotaining shareholer appro*al for further fun raising inicating t!pe of issuance$ (e) eclarationrecommenation of i*ien, issue of con*ertile securities incluing con*ertile eentures or of eecarr!ing aright to suscrie to equit! shares or the passing o*er of i*ien$ (f) the proposal for eclaration of onus securities where such proposal is communicate to the oar of irectors of thentit! as part of the agena papers, if the eclaration of onus ! the liste entit! is on the agena of the meeting of irectors$

atleast 11 or/ing days advance for the folloing . (a) an! alteration in the form or nature of an! of its securities that are liste on the stoc" e#change or in the rights or priof the holers thereof$ () an! alteration in the ate on which, the interest on eentures or ons, or the reemption amount of reeemale sh

of eentures or ons, shall e pa!ale$

(c) 7hether the entit! has mae isclosures of e*ents an information as liste in scheule to the Regulations('efer tab 0ppendi" 0 for the list of events and information to be disclosed in accordance ith Schedule $$$ to the 'egul

7hether the entit! has sumitte statement showing holing of securities an shareholing pattern separatel! for each csecurities within the following timelines =

(a) one a! prior to listing of its securities on the stoc" e#change(s)() on a quarterl! asis, within twent! one a!s from the en of each quarter(c) within ten a!s of an! capital restructuring of the liste entit! resulting in case of a change e#ceeing two per cent of thpai;up share capital

7hether the shareholing of promoter(s) an promoter group is in ematerialiFe form an whether the same is maintaincontinuous asis

7hether the shareholing of promoter(s) an promoter group is isclose separatel! in the shareholing pattern appearthe wesite

(a) n case of preferential issuepulic issue rights issue of shares, whether the entit! has furnishe quarterl! statement te#change inicating material e*iations an categor! wise *ariation (capital e#peniture, sales an mar"eting, wor"ingetc$) etween proGecte utilisation of funs anor proGecte profitailit! statement mae ! it in offer ocument e#pla

statement$

() 7hether a certificate from the statutor! auitors otaine in respect of an annual statement of funs utlise for puother than those state in offer ocument, an whether the same has een place efore the auit committee

(a) 7hether the results inclue the quarterl!, !ear to ate (>/) an annual financial results an 7hether these are prepaaccrual asis in accorance with uniform accounting practices for all perios$


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(c) 7hether the stanalone an consoliate results are prepare as per nian @AA3

() 7hether Re*iew report gi*en ! the auitor of the entit! is file along with unauite results$

(e) 7hether the following isclosures mae ! the entit! in its financial results =

(i) Changes in accounting policies in accorance with AS 5 or n AS ?

(*ii) 7hether ncome an e#peniture arising out of transactions of e#ceptional nature are isclose separatel!$

(*iii) 7hether '#tra orinar! items, if an!, isclose in accorance with AS 5

() 7hether the quarterl! an >/ results are prepare in accorance with the recognition an measurement principlown in AS 25 or n AS &1 ; nterim %inancial Reporting

(ii) f the auitor has e#presse an! moification or other reser*ation in respect of auite financial results, whetheentit! has isclose such moification or other reser*ation an impact of the same on the profit or loss, net worth, tassets, turno*ertotal income, earning per share or an! other financial item(s) impacte, while pulishing or sumisuch results$

(iii) f the pre*ious !ear quarter limite re*iew report or auit report inclue an! moification or other reser*atiowhich has an impact on the current reporting perio, whether the entit! has inclue a note stating = (a) how the moification reser*ation has een resol*e () if it is not resol*e, the reason thereof an the steps which the entit! intens to ta"e in this matter$

(i*) 7here the entit! has change its name suggesting an! new line of usiness, whether it has isclose the net salincome, e#peniture an net profit or loss after ta# figures pertaining to the sai new line of usiness separatel! in tfinancial results$:ote= /he isclosure is require to e continue for the three !ears succeeing the ate of change in name$B

(*) f the entit! ha not commence commercial prouction or commercial operations uring the reportale periochec" whether the entit! has isclose the following = (a) etails of amount raise (i$e$ procees of an! issue of shares or eentures mae ! the entit!), () the portions thereof which is utiliFe an that remaining unutiliFe,

(c) the etails of in*estment mae pening utilisation, () rief escription of the proGect which is pening completion, (e) status of the proGect, an (f) e#pecte ate of commencement of commercial prouction or commercial operations$

(*i) 7hether the etails mentione ao*e are appro*e ! the 4oar of irectors, ase on certification ! the Chie'#ecuti*e 0fficer an Chief %inancial 0fficer$

(i#) f the re*enues of the entit! are suGect to material seasonal *ariations, whether there is appropriate isclosureseasonal nature of entit!+s acti*ities$ (/he entit! ma! also supplement their unauite financial results into informafor 12 month perios ene at the interim ate (last a! of the quarter) for the current an preceing !ears on a rollasis$)

(#) 7hether the entit! isclose an! e*ent or transaction which occurre uring or efore the quarter that is materian unerstaning of the results for the quarter incluing ut not limite to completion of e#pansion an i*ersificaprogrammes, stri"es an loc" outs, change in management an change in capital structure$ (Similar material e*entstransactions that ta"e place susequent to the en of the quarter shall also e isclose$)2Similar requirement specified by 'egulation 3 - %hec/list given as an anne"ure to this chec/list4


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(#iii) 7hether segment reporting is one in accorance with AS 1. or n AS 1? (whiche*er is applicale)

(f) 7hether the entit! has complie with all the applicale an notifie accounting stanars from time to time$

Approal and authentication

(c) 7hether limite re*iew report place efore the 4oar of irectors meeting appro*ing the financial results

$ubmission to stock e%change

(a) 7hether the quarterl! an >/ results are sumitte within 5 a!s from the en of the quarter$

() n case of auite annual financial results, whether the! are sumitte within 6 a!s from the en of the financial !ear$

(e) 7hether the unauite auite results sumitte were accompanie ! a limite re*iew report auit report respecti*e

(f) f the entit! has susiiaries =

&orm A'( &iling

() 7hether :ational technical team was consulte for moifications in the auit report as per consultation polic!$

(#i) 7hether the entit! has gi*en following information in respect of i*ien pai or recommene for the !earincluing interim i*iens eclare = (a) Amount of i*ien istriute or propose istinguishing etween ifferent classes of shares an i*ienshare also inicating nominal *alue per share$ () 7here i*ien is pai or propose pro;rata for shares allotte uring the !ear, the ate of allotment, numeshares allotte pro;rata amount of i*ien per share an the aggregate amount of i*ien pai or propose on prasis$

(#ii) 7hether the entit! has isclose to stoc" e#change, the effect of changes in composition of the entit! uring thquarter, for instance usiness cominations, acquisitions or isposal of susiiaries an long term in*estments,restructuring an iscontinuing operations$

(a) 7hether the C'0 or C%0 certifie that the financial results o not contain an! false or misleaing statement or figuresmaterial facts are omitte$ %urther, *erif! that financial results were appro*e ! the 4oar of irectors of the entit!$

() 7hether the financial results sumitte to the stoc" e#change signe ! the Chairperson or Eanaging irector or a/ime irector or in their asence ! an! irector authorise ! the 4oar of irectors

(c) 7hether last quarter results in the auite annual results are isclose as alancing figures etween auite figures in r

of full financial !ear an the pulishe !ear to ate figures upto the thir quarter of the current financial !ear$

() 7hether a statement of assets an liailities sumitte ! wa! of a note as part of the stanalone or consoliate resulhalf;!earl! asis$

(i) has it opte in the first quarter of the financial !ear to sumit consoliate quarterl! an >/ results in aitionstanalone results

(ii) where opte whether the entit! has also sumitte quarterl! an !ear to ate consoliate financial results within foa!s from the en of the quarter$

(iii) whether comparale figures of the pre*ious !ear also gi*en along with current !ear figures, irrespecti*e of whet

option was opte in the pre*ious !ear or not5ote . 6he formats for submission of financial results and the limited revie7 audit reports are not yet notified un'egulations8

(a) 7hether %orm A is ul! fille up an signe ! the engagement team in respect of unqualifie report or a report contai'mphasis of matter paragraph

() 7hether :ational /echnical team was consulte for inclusion of an 'mphasis of matter paragraph in the auit reportconsultation polic!

(c) 7hether %orm 4 is ul! fille up an signe ! the auitor in case of qualifie auit reports or where the auit report inoth emphasis of matter paragraph an qualification$


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OR

() 7hether the following isclosures mae in the Annual Report

(i) Auite %inancial Statements

(ii) Auite Consoliate %inancial Statements

(iii) Cash %low Statemnet in accorance with AS & or n AS . Cash %low Statement

(i*) irectors report

(*) Eanagement iscussion an anal!sis report

(*i) 4usiness responsiilit! report

(*ii) Relate 3art! isclosures

(*iii) An! other isclosures as require ! Companies Act, 21&

1IRE+ES

(e) 7hether impact of repetiti*e 'mphasis of EatterDualifications in auit report assesse efore issuing auit report:ote= As the requirements ha*e not change *is;a;*is those of the erstwhile 'quit! -isting Agreement, the engagement tea"eep referring to Assurance Alert (AA) &?= Clause &1(a) of 'quit! -isting Agreement for guianceB

(f) 7hether Eanagement comments on moifications as inclue in %orm 4 is consistent with comment inclue in theReport pursuant to the requirement of section 21.(&) of the Companies Act, 1956 an the note inclue in the financial stat

7hether announcement of unauite results mae to the stoc" e#change within & minutes of the closure of the 4oar Eeewhich the unauite financial results are appro*e$

(a) 7hether the entit! has sumitte Annual Report within 21 wor"ing a!s wor"ing a!s of it eing appro*e an aopteA@E$

(i#) 4usiness Responsiilit! Report incluing the initiati*es ta"en ! the entit! for en*ironmental, social an go*erperspecti*e in the format prescrie ! S'4 *ie Circular :o$ CRC%CE1215 ate :o*emer , 215$26his requirement is applicable only for for the top hundred listed entities based on mar/et capitalization (calculaon 9arch 31 of every financial year)4

(a) 7hether the entit! has aequate s!stem of isseminating information to the shareholers for instance=; sening soft copies of full report to email aress of shareholers registere with the entit!; har copies of arige financial statements in other cases$; har cop! of annual report to shareholers on request an those who has not furnishe their email is

() n case of appointment of a new irector, whether information aout the irector propose to e appointe li"e his re#perience etc$ are gi*en to the shareholers

7hether the entit! has sumitte raft scheme of arrangement propose to e file efore an! Court or /riunal in accowith the applicale pro*isions of Companies Act, an whether it has otaine 0ser*ation -etter or :o;oGection letter frstoc" e#change$

(a) 7hether the entit! close its transfer oo"s for the purposes agree ! the stoc" e#change incluing eclaration of i*iissue of rightsonus shares$

() 7hether the entit! has gi*en at least . wor"ing a!s (e#cluing ate of intimation an recor ate) notice in a*ance ofate of oar meeting at which eclaration of i*ienissue of con*ertile eentures rights issueu!ac" of securities isto e consiere$

(c) 7hether such recommenation of i*ien or issue of rights shares is one at least fi*e a!s efore commencement of tclosure of its transfer oo"s or the recor ate fi#e for this purpose$

7hether the entit! has sumitte etails regaring the *oting results within fort! eight hours of conclusion of its @eneral E26he format for submission of the votig results has been prescribed by S!#$ vide %ircular 5o8 %$'7%:&7%9&7;71,5ovember


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7hether the entit! has maintaine a functional wesite containing asic information aout the entit!

7hether the entit! has isseminate the following information on its wesite =

(a) etails of its usiness

() terms an conitions of appointment of inepenent irectors

(c) composition of *arious committees of oar of irectors

() coe of conuct of oar of irectors an senior management personnel

(e) etails of estalishment of *igil mechanism 7histle 4lower polic!(f) criteria of ma"ing pa!ments to non;e#ecuti*e irectors , if the same has not een isclose in annual report

(g) polic! on ealing with relate part! transactions

(h) polic! for etermining HmaterialI susiiaries

(G) the email aress for grie*ance reressal an other rele*ant etails

(m) shareholing pattern

(n) etails of agreements entere into with the meia companies anor their associates, etc

(o) scheule of anal!st or institutional in*estor meet an presentations mae

7hether the entit! has pulishe the following information in newspapers =

(c) statements of e*iation(s) or *ariation(s)

() notices gi*en to shareholers ! a*ertisement

(e) a reference to lin" of the wesite of liste entit! an stoc" e#change(s), where further etails are a*ailale$

L +'ERS -OR %OSIDER'IO

(i) etails of familiariFation programmes imparte to inepenent irectors incluing the following etails =; (i) numer of programmes attene ! inepenent irectors (uring the !ear an on a cumulati*e asis till a (ii) numer of hours spent ! inepenent irectors in such programmes (uring the !ear an on cumulati*e ate), an (iii) other rele*ant etails

(") contact information of the esignate officials of the liste entit! who are responsile for assisting an hanlingin*estor grie*ances

(l) financial information incluing= (i) notice of meeting of the oar of irectors where financial results shall e iscusse (ii) financial results, on conclusion of the meeting of the oar of irectors where the financial results were app (iii) complete cop! of the annual report incluing alance sheet, profit an loss account, irectors report, corpogo*ernance report etc

(a) financial results with moifie opinion or reser*ation e#presse ! the auitors, within ? hours of conclusion of theof oar of irectors at which the financial results were appro*e$

() if the entit! has sumitte quarterl! consoliate financial results, the following information on a stanalone asfootnote = (i) /urno*er (ii) 3rofit efore ta# (iii) 3rofit after ta#

(i*) reference to the places, such as the wesite of entit! an stoc" e#change(s), where the stanalone results of the enta*ailale$

(f) 7hether the ao*e information is pulishe in at least one 'nglish national ail! newspaper circulating in the wsustantiall! the whole of nia an in one ail! newspaper pulishe in the language of the region, where the registere othe liste entit! is situate$


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7hether the engage firm carr!ing out the statutor! auit of liste entit! hols a *ali peer re*iew certificate

7hether the engagement team complie with the requirements of paragraph 6162 of SR' 21$2'efer $%$-S# announcement dated =ctober 1;11 herein the %ouncil of the $nstitute of %hartered ccountants of $ndia at itsmeeting too/ a vie that in order to comply ith requirements of paragraphs >1 and > of S'!


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%omments

6(1)

.(1)

.(1)

.(1) pro*iso

.(&)

9

1(2)

1&(2)

1&(&)

1&()

1. to 2.

2?(1)

29

sed for ensuring such compliance. Only the regulations considered significant to all Aue for specific circumstances not coered herein.

RegulationReference

%om3liance/es4o4'


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&

Sch$ 3art A

&1(1)

&1(2)

&1A(1)

&2

&&(1)(a)


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&&(1)()

&&(1)(c)

&&(1)()

&&(1)(e) an part A to

Sch$J


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?

&&(2)(a)

&&(2)()

&&(2)(c)

&&(&)

&&(&)

&&(&)

&&(&)

&&(&)

&&(&)()

&&(&)()

&&(&)()


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&(6) secon pro*iso

&

&

&6

2


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6(1)

6(2)

.


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its of entities haing

0or53a3erReference


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Refer ta 8Appeni#A8


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32/79

>es

:o

:A


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'33endix '

DIS%LOS1

(referred in '

"8

8

98

:8

#8

;8


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@8

"!8

""8

"8

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98

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;8


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o the chec5list for com3liance 6ith SEBI (Listing Obligations and Disclosure) Regulations, !"#

ES O- E.ES OR I-OR+'IO7 SE%I-IED SE%1RIIES

gulation 3 and contained in ?'6 of Schedule $$$ to the 'egulations)

E=ent4 information to be disclosed

'#planation$; %or the purpose of this su;para, the wor +acquisition+ shall mean =

(i) acquiring control, whether irectl! or inirectl! or,

Re*ision in Rating(s)$

) an! cancellation of i*ien with reasons thereof

c) the ecision on u!ac" of securities

) the ecision with respect to fun raising propose to e unerta"en

g) short particulars of an! other alterations of capital, incluing calls

h) financial results

i) ecision on *oluntar! elisting ! the liste entit! from stoc" e#change(s)$

ich shall be disclosed 6ithout an> a33lication of the Acquisition(s) (incluing agreement to acquire), Scheme of Arrangement (amalgamation merger

emergerrestructuring), or sale or isposal of an! unit(s), i*ision(s) or susiiar! of the liste entit! or an! otherrestructuring$

(ii) acquiring or agreeing to acquire shares or *oting rights in, a compan!, whether irectl! or inirectl!,such that ;

(a) the liste entit! hols shares or *oting rights aggregating to fi*e per cent or more of the sharesor *oting rights in the sai compan!, or

()there has een a change in holing from the last isclosure mae uner su;clause (a) of clause(ii) of the '#planation to this su;para an such change e#cees two per cent of the totalshareholing or *oting rights in the sai compan!$

ssuance or forfeiture of securities, split or consoliation of shares, u!ac" of securities, an! restriction ontransferailit! of securities or alteration in terms or structure of e#isting securities incluing forfeiture, reissue offorfeite securities, alteration of calls, reemption of securities etc$

0utcome of Eeetings of the oar of irectors= /he liste entit! shall isclose to the '#change(s), within &minutes of the closure of the meeting, hel to consier the following=

a) i*iens anor cash onuses recommene or eclare or the ecision to pass an! i*ien an theate on which i*ien shall e paiispatche

e) increase in capital ! issue of onus shares through capitaliFation incluing the ate on which suchonus shares shall e creiteispatche

f) reissue of forfeite shares or securities, or the issue of shares or securities hel in reser*e for future issueor the creation in an! form or manner of new shares or securities or an! other rights, pri*ileges or enefitsto suscrie to

Agreements (*iF$ shareholer agreement(s), Goint *enture agreement(s), famil! settlement agreement(s) (to thee#tent that it impacts management an control of the liste entit!), agreement(s)treat!(ies)contract(s) withmeia companies) which are ining an not in normal course of usiness, re*ision(s) or amenment(s) antermination(s) thereof$

%rauefaults ! promoter or "e! managerial personnel or ! liste entit! or arrest of "e! managerial personnel orpromoter$

Change in irectors, "e! managerial personnel (Eanaging irector, Chief '#ecuti*e 0fficer, Chief %inancial 0fficer ,Compan! Secretar! etc$), Auitor an Compliance 0fficer$


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Appointment or iscontinuation of share transfer agent$

Corporate et restructuring$

0ne time settlement with a an"$

Reference to 4%R an wining;up petition file ! an! part! creitors$

3roceeings of Annual an e#traorinar! general meetings of the liste entit!$Amenments to memoranum an articles of association of liste entit!, in rief$

Capacit! aition or prouct launch$

'ffect(s) arising out of change in the regulator! framewor" applicale to the liste entit!

-itigation(s) ispute(s) regulator! action(s) with impact$

%rauefaults etc$ ! irectors (other than "e! managerial personnel) or emplo!ees of liste entit!$

0ptions to purchase securities incluing an! 'S03'S3S Scheme$

@i*ing of guarantees or inemnit! or ecoming a suret! for an! thir part!$

@ranting, withrawal , surrener , cancellation or suspension of "e! licenses or regulator! appro*als$

ssuance of :otices, call letters, resolutions an circulars sent to shareholers, eenture holers or creitors oran! class of them or a*ertise in the meia ! the liste entit!$

Scheule of Anal!st or institutional in*estor meet an presentations on financial results mae ! the liste entit! toanal!sts or institutional in*estors

ich shall be disclosed u3on a33lication of the guidelines for Commencement or an! postponement in the ate of commencement of commercial prouction or commercial

operations of an! uniti*ision$

Change in the general character or nature of usiness rought aout ! arrangements for strategic, technical,manufacturing, or mar"eting tie;up, aoption of new lines of usiness or closure of operations of an! uniti*ision(entiret! or piecemeal)$

Awaring, agging recei*ing, amenment or termination of awareagge orerscontracts not in the normalcourse of usiness$

Agreements (*iF$ loan agreement(s) (as a orrower) or an! other agreement(s) which are ining an not in normalcourse of usiness) an re*ision(s) or amenment(s) or termination(s) thereof$

isruption of operations of an! one or more units or i*ision of the liste entit! ue to natural calamit!(earthqua"e, floo, fire etc$), force maGeure or e*ents such as stri"es, loc"outs etc$

An! other informatione*ent *iF$ maGor e*elopment that is li"el! to affect usiness, e$g$ emergence of newtechnologies, e#pir! of patents, an! change of accounting polic! that ma! ha*e a significant impact on the accounts,

etc$ an rief etails thereof an an! other information which is e#clusi*el! "nown to the liste entit! which ma! enecessar! to enale the holers of securities of the liste entit! to appraise its position an to a*oi theestalishment of a false mar"et in such securities$

7ithout preGuice to the generalit! of para (A), (4) an (C) ao*e, the liste entit! ma! ma"e isclosures ofe*entinformation as specifie ! the 4oar from time to time$


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%omments%om3liance/es4o4'

0or53a3erReference


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>es


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$eneral Info

%irm :ame=

Client=

>ear 'ning=3erforme !=

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Re*iewe !=

ate=

%&'ER I

1

2

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5

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Note: Complianconertible *ebherein.


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9

-I'%I'L

1

11

12

1&

1

15

16

1.


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1?

19

2

21

'1'L R

22

'SSE %O.

2&

2

25

DEBE1R

26


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O&ER RE

2.

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29

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&1

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52/79

rmation

+atter for consideration

I * %O++O OBLI$'IOS O- LISED EIIES

7hether the has appointe a qualifie Compan! Secretar! as the Compliance 0fficer$

(a) 7hether the compan! manages the share transfer facilit! in;house$

() f the answer to ao*e is 8:o8, whether the has appointe a Share /ransfer Agent$$

() 7eather the entit! has place the ao*e referre statement efore the oar of irectors of the entit! on quarterl! asis$

* OBLI$'IOS O- LISED EI/ 0&I%& &'S LISED IS O*%O.ERIBLE DEB SE%1RIIES O

ce with the requirements of the Regulations is the responsibility of the management. This checklist is tot securities or Non)conertible Redeemable #reference $hares or both listed! hae been included in th

(c) n case the total numer of holers of securities of the liste entit! has e#ceee one la"h, whether it has registere4oar as a Categor! share transfer agent or has appointe Registrar to an issue an share transfer agent registere4oar$

7hether the compan! has sumitte a compliance certificate to the e#change, within one month of en of each half of the!ear, certif!ing compliance with the requirements of regulation .(2)

7hether the entit! has a polic! for preser*ation of ocuments classif!ing those in two categories ; (i) preser*ation of ocupermanent nature an (ii) thse to e preser*e for a perio of ? !ears from the ate of the rele*ant transaction$

7hether the entit! has put in place infrastructure as require for compliance with the requirements of e;filing of ocume

the stoc" e#change(s)$7hether the entit! is registere on the SC0R'S platform or such other electronic platform or s!stem of S'4, in orer tin*estor complaints electronicall!$

(a) 7eather the entit! has file with the stoc" e#change(s) on a quarterl! asis, within twent! one a!s from the enquarter, a statement gi*ing the numer of in*estor complaints pening at the eginning of the quarter, those recei*e quarter, ispose of uring the quarter an those remaining unresol*e at the en of the quarter$

7hether the entit! has gi*en 3rior intimation to the stoc" e#change =(a) atleast ele*en wor"ing a!s efore the ate on an from which the interest on eentures an ons, an reemption areeemale shares or of eentures an ons shall e pa!ale$

() prior to the meeting of oar of irectors wherein the proposal to raise funs through new non con*ertile et secnon;con*ertile reeemale preference shares shall e consiere, its intention to raise funs through new issue as swhether it proposes to list either through a pulic issue or on pri*ate placement asis

(c) at least two wor"ing a!s in a*ance (e#cluing the ate of the intimation an ate of the meeting) regaring the meetioar of irectors, at which the recommenation oreclaration of issue of non con*ertile et securities or an! other matter affecting the rights or interests of holercon*ertile et securities or non con*ertile reeemale preference shares is propose to e consiere


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RES1LS

7hether the results inclue the half;!earl! an annual financial results

7hether the entit! has sumitte half;!eal! results (auite or un;auite) within 5 a!s from the en of the half;!ear

7hether the unauite financial results sumitte were accompanie ! a limite re*iew report from the statutor! auitors

7hether the entit! has mae the following isclosures while sumitting half !earl! annual financial results =

(a) creit rating an change in creit rating (if an!)

() asset co*er a*ailale, in case of non con*ertile et securitiesKK

(c) et;equit! ratio

(f) et ser*ice co*erage ratioKK

(g) interest ser*ice co*erage ratioKK

(h) outstaning reeemale preference shares (quantit! an *alue)

(i) capital reemption reser*eeenture reemption reser*e

(G) net worth

(") net profit after ta#

(l) earnings per share=

@@ not applicable in respect for ban/s or non-ban/ing financial companies registered ith the 'eserve #an/ of $ndia

(a) 7hether the entit! has promptl! informe (i$e$ as soon as practicall! possile without ela!) the stoc" e#chaninformation ha*ing earing on performanceoperation of entit! anor price sensiti*e information or an! action that shpa!ment of interest or i*ien of non;con*ertile preference shares or reemption of non con*ertile et secureeemale preference shares$

() 7hether the entit! has aitionall! isclose the e*ents an information as liste in scheule to the Regulations(Refer ta 8Appeni# 48 for the list of e*ents an information to e isclose in accorance with Scheule to the Regulat

(a) Las the compan! initmate in a*ance to the stoc" e#change that it shall sumit to the stoc" e#change(s) its annualresults within si#t! a!s from the en of the financial !ear

() f answer to the ao*e is 8!es8, then whether annual auite results sumitte within 6 a!s of the en of the financial(unauite results for the last half;!ear nee not e sumitte in this case)

(c) f the answer to the ao*e is 8no8, then(i) whether un;auite financial results for the last half !ear accompanie ! limite re*iew report ! the auitors sumi

(ii) whether auite financial results for the entire financial !ear sumitte as soon as the! are appro*e ! the oar of

7hether the half;!earl! results were ta"en on recor ! the oar of irectors an signe ! the managing irector eirector

7hether the format use for sumission of auite results for the !ear is the same as that applicale for half;!earl!

results$n case of a moifie auit report ha*ing earing on the interest pa!ment i*ien pa!ment pertaining to non;coreeemale eentures reemption or principal repa!ment capacit! of the liste entit!, whether the same has een appran aequatel! aresse ! the oar of irectors while pulishing the accounts for the sai perio$

() pre*ious ue ate for the pa!ment of interest i*ien for non;con*ertile reeemale preference shares repa

of principal of non;con*ertile preference shares non con*ertile et securities an whether the same has een pnot an

(e) ne#t ue ate for the pa!ment of interest i*ien of non;con*ertile preference shares principal along with tamount of interest i*ien of non;con*ertile preference shares pa!ale an the reemption amount


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7hether the entit! has sumitte a certificate signe ! eenture trustee that it has ta"en note of the contents$

(a) profit for the half !ear an cumulati*e profit for the !ear

() free reser*e as on the en of half !ear

(e) reach of an! co*enants uner the terms of the non con*ertile reeemale preference shares

OR

7hether the following isclosures mae in the Annual Report

(i) Auite %inancial Statements

(ii) Cash %low Statemnet uner inirect metho in accorance with AS & or n AS . Cash %low Statement

(iii) Auitor+s Report

(i*) irectors report(*) :ame of the eenture trustees with full contact etails

(*i) Relate 3art! isclosures

(*ii) An! other isclosures as require ! Companies Act, 21&

R 0I& RESE% O SE%1RED O*%O.ERIBLE DEB SE%1RIIES

R1SEES

7hether the entit! has forware the following to the eentrue /rustee =

(a) a cop! of the annual report

(c) a cop! of all notices, resolutions an circulars relating to;

(i) new issue of non con*ertile et securities

(ii) the meetings of holers of non;con*ertile et securities

() intimations regaring =

(i) an! re*ision in the rating

7here the entit! has liste its non;con*ertile reeemale preference shares, wether it has mae the following aisclosures as notes to financials =

(c) securities premium account alance (if reemption of reeemale preference share is to e one at a premium, s

premium ma! e appropriate from securities premium account) in the !ear in which non con*ertile reeemalepreference shares are ue for reemption

() trac" recor of i*ien pa!ment on non con*ertile reeemale preference shares an actual ates of pa!mentthe i*ien has een eferre at an! time

7hether the entit! has sumitte along with the half;!earl! financial results, a statement inicating material e*iations, ithe use of procees of issue of non con*ertile et securities an non;con*ertile reeemale preference shares from thstate in the offer ocument

7hether the entit! has pulishe its financial results in at least one 'nglish national ail! newspaper circulating in thesustantiall! the whole of nia, within 2 calenar a!s of the conclusion of the meeting of the oar of irectors

5ote . 6he formats for submission of financial results and the limited revie7 audit reports have been notified by S%ircular 5o8 %$'7$9&7&:17* 71, dated 5ovember A 1,8

7hether 1M asset co*er sufficient to ischarge the principal amount at all times has een maintaine in respect of liscon*ertile et securities

7hether the entit! has isclose to the stoc" e#change, the e#tent an nature of securit! create an maintaine in the qhalf;!earl!, !ear;to;ate an annual financial statements, as applicale$

7hether creit rating has een otaine ! the entit! with respect to non;con*ertile et securities an whether it is re*

least once a !ear ! a creit rating agenc! registere ! S'4

() a cop! of auitors+ certificate in respect of utilisation of funs uring the implementation perio of the proGect for wfuns ha*e een raise(the requirement applies e*er! !ear till the funs ha*e een full! utilise or the purpose for which these funs were inteeen achie*e)


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(ii) an! efault in timel! pa!ment of interest or reemption or oth in respect of the non con*ertile et securities

(iii) failure to create charge on the assets

(f) half !earl! financial results

1IRE+ES

(a) etails of its usiness

(e) half;!earl! certificate from practicing compan! secretar! or a practicing chartere accountant regaring maintenanceasset co*er in respect of liste non con*ertile et securities(the ao*e requirement is not applicale in case of an" or :4%Cs registere with R4 or where ons are secure ! a @o*guarantee)

7hether the entit! has sumitte to the stoc" e#change a certificate that it has mae timel! pa!ment of interests oroligations or oth in respect of the non con*ertile et securities within two a!s of the interest or principal or oth ue

7hether the entit! has sumitte to the stoc" e#change an unerta"ing stating that all ocuments an intimations requirsumitte to eenture /rustees in terms of /rust ee an S'4 (ssue an -isting of et Securities) Regulations, 2een compliewith

7hether the entit! has aequate s!stem of isseminating information to the shareholers for instance=; sening soft copies of full annual reports to holers of non con*ertile preference share whose email aress is registereentit!; har copies of statement containing the salient features of all the ocuments, as specifie in Section 1&6 of Companiesan rules mae thereuner to those holers of non;con*ertile preference share who ha*e not so registere; har cop! of annual report to holers of et an preference shares on request

7hether the entit! has sent the notice of all meetings of holers of non;con*ertile et securities an holers of non;coreeemale preference shares specificall! stating that the pro*isions for appointment of pro#! as mentione in Section 1

Companies Act, 21&, shall e applicale for such meeting an whether pro#! forms were sent to them wore in such athat holers of these securities ma! *ote either for or against each resolution

n case of an! material moification to the structure of non;con*ertile et securities an non;con*ertile reeemale prshares,(a) whether prior appro*al from stoc" e#change was otaine$() whether the stoc" e#change appro*al was sought after appro*al from oar of irectors an the eenture trustee inon;con*ertile et securities an after compl!ing with the pro*isions of Companies Act, 21& incluing appro*al of the crequisite maGorit! of holers of that class of securities in case of non;con*ertile reeemale preference shares$changes to structure means = ; in case of eentures, changes in terms of coupon, con*ersion, reemption, or otherwise ; in case of non;con*ertile reeemale preference shares, changes in terms of i*ien of non;con*ertile preferenc

pa!ale, con*ersion, reemption, or otherwiseB

7hether the entit! has gi*en a*ance notice of at least se*en wor"ing a!s (e#cluing the ate of intimation an the recorthe stoc" e#change notif!ing the recor ate fi#e for purposes of pa!ment of interest, i*ien an pa!ment of reemrepa!ment amount or for such other purposes as specifie ! the stoc" e#change

7hether the entit! has maintaine a functional wesite containing the following information aout the entit! whichupate at an! gi*en point of time=

() financial information incluing complete cop! of the annual report incluing alance sheet, profit an loss account, irereport etc


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() email aress for grie*ance reressal an other rele*ant etails

(e) name of the eenture trustees with full contact etails

(g) all information an reports incluing compliance reports file ! the liste entit!

(h) information with respect to the following e*ents=(i) efault ! issuer to pa! interest on or reemption amount

(ii) failure to create a charge on the assets

(iii) re*ision of rating assigne to the non con*ertile et securities=

(c) contact information of the esignate officials of the liste entit! who are responsile for assisting an hanling in*estorgrie*ances

(f) the information, report, notices, call letters, circulars, proceeings, etc$ concerning non;con*ertile reeemale preferenshares or non con*ertile et securities


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%omments

6(1)

.(1)

.(1)

.(1) pro*iso

.(&)

9

1(2)

1&(2)

1&(&)

1&()

%O.ERIBLE REDEE+'BLE RE-ERE%E S&'RES OR BO&

5(1)

5(2)

5(&)

for ensuring such compliance. Only the regulations considered significant to all Audits olist. "ngagement teams should refer to the Regulations! as applicable for specific circu

RegulationReference

%om3liance/es4o4'


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51(1)

52(1)

52(1)

52(2)(a)

3ro*iso to 52(2)(a)

3ro*iso to 52(2)(a)

52(2)()

52(2)()

52(2)(c)

52(2)(e)

52()

51(2)Sch$ 3art A


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52(5)

52(6)

52(.)

52(?)

5&

5(1)

5(2)

55

56


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5.(1)

5.(2)

5?(1)

5?(2) < (&)

59

6

62


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62/79

entities haing Non)stances not coered

0or53a3erReference


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Refer ta 8Appeni#48


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67/79

>es

:o

:A


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'33endix B

(referred in '

(")

()

(9)

(:)

(#)

(;)

(


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(")

("9)

(":)

("#)

(";)


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o the chec5list for com3liance 6ith SEBI (Listing Obligations and Disclosure) Regulations, !"#

gulation ,1() and contained in ?'6 # of Schedule $$$ to the 'egulations)

E=ent4 information to be disclosed

failure to create charge on the assets within the stipulate time perio

E O- I-OR+'IO &'.I$ BE'RI$ O ER-OR+'%E4OER'IO O- LISED EI/ 'RIBLE REDEE+'BLE RE-ERE%E S&'RES

tity shall promptly inform to the stock e%change+s, of all information which shall hae bearing onnterest or diidend of non)conertible preference shares or redemption of non conertible debt se

e#pecte efault in timel! pa!ment of interestspreference i*ien or reemption or repa!ment amount or oth inrespect of the non;con*ertile et securities an non;con*ertile reeemale preference shares an also efault increation of securit! for eentures as soon as the same ecomes apparent

an! attachment or prohiitor! orers restraining the liste entit! from transferring non;con*ertile et securitiesor non;con*ertile reeemale preference shares from the account of the registere holers along;with theparticulars of the numers of securities so affecte , the names of the registere holers an their emat accountetails

an! action which shall result in the reemption, con*ersion, cancellation, retirement in whole or in part of an! non;con*ertile et securities or reuction, reemption, cancellation, retirement in whole or in part of an! non;con*ertile reeemale preference shares

an! action that shall affect a*ersel! pa!ment of interest on non;con*ertile et securities or pa!ment of i*ienon non;con*ertile reeemale preference shares incluing efault ! issuer to pa! interest on non;con*ertileet securities or reemption amount an failure to create a charge on the assets

an! change in the form or nature of an! of its non;con*ertile et securities or non;con*ertile reeemalepreference shares that are liste on the stoc" e#change(s) or in the rights or pri*ileges of the holers thereof anma"e an application for listing of the securities as change, if the stoc" e#change(s) so require

an! changes in the general character or nature of usiness acti*ities, isruption of operation ue to naturalcalamit!, an commencement of commercial prouction commercial operations

an! e*ents such as stri"es an loc" outs$ which ha*e a earing on the interest pa!ment i*ien pa!ment principal repa!ment capacit!

etails of an! letter or comments mae ! eenture trustees regaring pa!mentnon;pa!ment of interest on ueates, pa!mentnon;pa!ment of principal on the ue ates or an! other matter concerning the securit!, liste entit!an or the assets along with its comments thereon, if an!

ela! efault in pa!ment of interest or i*ien principal amount reemption for a perio of more than threemonths from the ue ate

an! instance(s) of efaultela! in timel! repa!ment of interests or principal oligations or oth in respect of theet securities incluing, an! proposal for re;scheuling or postponement of the repa!ment programmes of theuesets of the liste entit! with an! in*estor(s)lener(s)$

'#planation$; %or the purpose of this su;para, HefaultI shall mean:on;pa!ment of interest or principal amount in full on the pre;agreeate an shall e recogniFe at the first instance of ela! in ser*icing ofan! interest or principal on et$


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an! re*ision in the rating

the following appro*als ! oar of irectors in their meeting=;

(a) the ecision to pass an! interest pa!ment

an! maGor change in composition of its oar of irectors, which ma!amount to change in control as efine in Securities an '#change4oar of nia (Sustantial Acquisition of Shares an /a"eo*ers)Regulations, 211

() short particulars of an! increase of capital whether ! issue of onus securities through capitaliFation,or ! wa! of right securities to e offere to the eenture holers, or in an! other wa!

all the information, report, notices, call letters, circulars, proceeings, etc$ concerning non;con*ertile reeemalepreference shares or non con*ertile et securities

an! other change that shall affect the rights an oligations of the holers of non;con*ertile et securities non;con*ertile reeemale preference shares, an! other information not in the pulic omain necessar! to enale theholers of the liste securities to clarif! its position an to a*oi the creation of a false mar"et in such listesecurities or an! other information ha*ing earing on the operation performance of the liste entit! as well asprice sensiti*e information$


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%omments

D4OR RI%E SESII.E I-OR+'IO7 O*%O.ERIBLE DEB SE%1RIIES A

%om3liance

/es4o4'

0or53a3er

Reference

performance'operation of the listed entity or is price sensitie or shall affecturities or redeemable preference shares including :


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>es


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sebi listing regulations_checklist

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