Intimation to stock exchange(s).
50. The listed entity shall give prior intimation to the stock exchange of at least two working days in advance, excluding the date of the intimation and the date of the meeting of the board of directors, about the Board meeting in which any of the following proposals is to be considered:
(a) an alteration in the form or nature of non-convertible securities that are listed on the stock exchange or in the rights or privileges of the holders thereof;
(b) an alteration in the date of the interest/ dividend/ redemption payment of non-convertible securities;
(c)financial results viz. quarterly or annual, as the case may be;
(d) fund raising by way of issuance of non-convertible securities; or
(e)any matter affecting the rights or interests of holders of non-convertible securities.
(1) The listed entity shall give to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable.
(a)any annual general meeting or extraordinary general meeting that is proposed to be held for obtaining share holder approval for the proposals at clauses (c) and (d) under sub-regulation (1) of this regulation;
(b)any meeting of the holders of non-convertible securities in relation to the proposal at clause (e)of sub-regulation (1) of this regulation.
(2) The listed entity shall intimate the stock exchange(s), its intention to raise funds through new non-convertible debt securities or non-convertible redeemable preference shares it proposes to list either through a public issue or on private placement basis, prior to issuance of such securities:
Provided that the above intimation may be given prior to the meeting of board of directors wherein the proposal to raise funds through new non convertible debt securities or non-convertible redeemable preference shares shall be considered. The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non convertible debt securities or any other matter affecting the rights or interests of holders of non convertible debt securities or non convertible redeemable preference shares is proposed to be considered.
Refer Guidance note with respect to Regulations 50(3) and 51 (2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated 15.04.2021. To view the circular, Click Here