Extension of timeline for complying with minimum public shareholding requirement for public sector companies

BSE vide notice dated 01 August 2024 has issued an Exemption under Rule 19A of Securities Contract (Regulation) Rules 1957 for Minimum Public Shareholding requirement for public sector company. Every listed public sector company, as defined in the Securities Contract ( Regulation) Rules 1957 (“SCRR, 1957”), which has public shareholding below twenty five per cent within the timeline stipulated in Rule 19A of SCRR, 1957, shall get exemption up to August 1, 2026 to increase its public shareholding to at least twenty five percentage.

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