30th October 2017
Sub: Non-compliance with the Minimum Public Shareholding (MPS) requirements
To all Listed Companies
Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. CFD/CMD/CIR/P/2017/115 dated October 10, 2017 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein
As per the said Circular “Regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) mandates a listed entity to comply with the Minimum Public Shareholding(“MPS”) requirements specified in rules 19(2) and 19A of the Securities Contracts (Regulation) Rules, 1957 in the manner as specified by the Board from time to time.
In terms of sub regulation (1) of regulation 97 of the Listing Regulations, recognized Stock Exchanges are mandated to monitor compliance by listed entities with the provisions of the Listing Regulations.”
This is for information and necessary action.
CS Chandrani Datta