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Disclosure of reasons for encumbrance by promoter of listed companies - SEBI - SEBI/HO/CFD/DCR1/CIR/P/2019/90

Extract

..... ency regarding reasons for encumbrance, particularly when significant shareholding by promoter along with persons acting in concert (PACs) with him is encumbered, it has been decided to prescribe additional disclosure requirements under Regulation 31(1) read with Regulation 28(3) of Takeover Regulations, as follows, - i. The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or .....

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Disclosure of reasons for encumbrance by promoter of listed companies - SEBI

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..... ormat provided at Annexure- A shall be made to, - a) every stock exchange where the shares of the company are listed; and b) the listed company; v. The recognised stock exchanges shall maintain and separately disseminate the list of such companies along with details of encumbrance and reasons for encumbrance, on their websites promptly; and vi. The listed companies shall disclose the contents of Annexure - II on their websites within two working days of receipt of such disclosure. 3. The provisi .....

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Disclosure of reasons for encumbrance by promoter of listed companies - SEBI

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..... here the shares of the company are listed Name of the promoter(s) / PACs whose shares have been encumbered Total promoter shareholding in the listed company No. of shares - % of total share capital - Encumbered shares as a % of promoter shareholding Whether encumbered share is 50% or more of promoter shareholding YES / NO Whether encumbered share is 20% or more of total share capital YES / NO Details of all the existing events/ agreements pertaining to encumbrance Encumbrance 1 (Date of creation .....

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Disclosure of reasons for encumbrance by promoter of listed companies - SEBI

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..... instrument Whether the debt instrument is listed on stock exchanges? Credit Rating of the debt instrument ISIN of the instrument Security Cover / Asset Cover Value of shares on the date of event / agreement (A) Amount involved (against which shares have been encumbered) (B) Ratio of A / B End use of money Borrowed amount to be utilized for what purpose - Personal use by promoters and PACs For the benefit of listed company Provide details including amount, purpose of raising money by listed compa .....

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Disclosure of reasons for encumbrance by promoter of listed companies - SEBI

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