31st August 2012
Sub: Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957
To all listed companies
Please refer to the provisions of SEBI Circular Ref. CIR/CFD/DIL/11/2012 dated 29th August 2012, on the aforesaid issue.
In reference to the aforesaid circular, please note that there will be an amendment in clause 40A of the Listing Agreement and sub-clause (ii) will be inserted under clause 40A of the listing agreement, after item (d), the following shall be inserted:-
“(e) Rights Issues to public shareholders, with promoter/ promoter group shareholders forgoing their entitlement to equity shares, whether present or future, that may arise from such issue.
(f) Bonus Issues to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, whether present or future, that may arise from such issue.
(g) any other method as may be approved by SEBI, on a case to case basis.”
All the listed companies are requested to take note of the amendment as proposed by SEBI.
For THE CALCUTTA STOCK EXCHANGE LTD.