valid as on 27/05/2024

Regulation 38. Minimum Public Shareholding.
Effective date 01.12.2015

Minimum Public Shareholding.

38.The listed entity shall comply with the requirements specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules,1957 in the manner as specified by the Board from time to time:
Provided that provisions of this regulation shall not apply to entities listed on  institutional trading platform without making a public issue.

  1. Refer SEBI Master Circular dated 11.07.2023 & BSE Circular dated 13.07.2023 for compliance with SEBI (LODR) Regulations, 2015. To view the SEBI circular, Click here. To view the BSE Circular, Click here.
  2. Refer SEBI Circular dated 03.02.2023 and BSE Circular dated 15.02.2023 regarding revised manner of achieving minimum public shareholding. To view the SEBI circular, Click here. To view the BSE circular, Click here.
  3. Refer circular dated 14.05.2020 for relaxation on compliance from MPS due to COVID. To view the circular,Click Here
  4. Refer circular CFD/CMD/CIR/P/2017/115 and SEBI/HO/CFD/CMD/CIR/P/43/2018. To view the circular,Click Here
 Substituted vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 notification dated 05.05.2021. To view the notification, Click Here 

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 dated 05.05.2021


BSE Circular dated 13.07.2023 regarding compliance with SEBI (LODR) Regulations, 2015


BSE Circular dated 15.02.2023 regarding manner of achieving minimum public shareholding.


SEBI Circular CFD/CMD/CIR/P/2017/115 dated 10/10/2017


SEBI Circular dated 03.02.2023 regarding manner of achieving minimum public shareholding.


SEBI Circular dated 14.05.2020 on relaxation from the applicability of SEBI Circular dated 10.10.2017 on non-compliance with the Minimum Public Shareholding requirements


SEBI Circular SEBI/HO/CFD/CMD/CIR/P/43/2018 dated 22/02/2018


SEBI Master Circular dated 11.07.2023 for Listed Companies


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