TMI BlogDisclosure of holding of specified securities and Holding of specified securities in dematerialized formX X X X Extracts X X X X X X X X Extracts X X X X ..... dematerialized format. 2. Manner of representation of holding of specified securities a. The holding of specified securities shall be divided into the following 3 categories viz. Promoter and Promoter Group, Public and Non Promoter Non Public. b. Promoter and Promoter Group shall have the same meaning as defined under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. c. The details of the shareholding of the promoters and promoter group must be accompanied with PAN Number (first holder in case of joint holding). Further, the shareholding of the promoter and promoter group is to be consolidated on the basis of the PAN and folio number to avoid multiple disclosures of sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied under the category Public Shareholding . iii. The underlying shares, against which depository receipts have been issued, of a listed entity not satisfying the conditions at para (i) above which are held by Public Shareholders shall be classified under category Non Public Non Promoter shareholding . 3. The listed entity shall ensure that shareholding of employee trusts and schemes are shown separately in relevant categories in terms of SEBI (Share Based Employee Benefits) Regulations, 2014. 4. Manner of calculation of shareholding a. The categories as defined at para 2(a) above: i. Promoter and Promoter Group (A) ii. Public (including shares underlying DRs which fulfill the conditions laid down in Rule 2(e) of Secu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erialized form: a. Regulation 31(2) of Listing Regulations mandates the Listed Entities to ensure that 100% of shareholding of promoter(s) and promoter group is in dematerialized form and the same is maintained on a continuous basis in the manner specified by the Board. The listed entity shall take into consideration the following exemptions while arriving at compliance with 100% promoter(s) holding in dematerialized form:- i. promoter(s) shares which were sold in physical mode and have not been lodged for transfer with the listed entity ; ii. matters that are sub-judice before any Court/Tribunal, concerning shareholding of promoters/promoter group either in part or in entirety ; or iii. shares that cannot be converted into de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he provisions of this circular to the notice of the listed entities and also to disseminate the same on its website. This circular shall come into force on December 01, 2015. 10. This Circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 31 and Regulation 101(2) of the Listing Regulations, 2015. 11. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework and Continuous Disclosure Requirements . Yours faithfully, B N Sahoo General Manager Compliance and Monitoring Division Corporation Finance Department biranchins@sebi.gov.in An ..... X X X X Extracts X X X X X X X X Extracts X X X X
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