9th February 2012
To all the listed companies
Kindly note that SEBI vide the above mentioned Circulars have stipulated some amendments in the clause 40A, 43 and 43A as per the Listing Agreement.
All the listed companies are hereby informed that a listed company can adopt to achieve minimum public shareholding through Institutional Placement Programme (IPP) in terms of Chapter VII-A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Further, sale of shares by promoters through stock exchanges shall now be carried in terms of SEBI circular CIR/MRD/DP/05/2012 dated February 1, 2012.
Further in order to enhance disclosure requirements, listed entities have been mandated to disclose utilization of funds raised upon canversion/ exercise of warrants issued along with public or rights issue of specied securities.
All the listed companies are requested to take note of the amendment as proposed by SEBI and implement the same with immediate effect.
For THE CALCUTTA STOCK EXCHANGE LTD.
GENERAL MANAGER- (OPERATION)