Dear Sir\Madam,
Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/552 dated April 22, 2021 regarding Relaxations relating to procedural matters –Issues and Listing.
To ease and facilitate investors, the relaxation mentioned in point (iv) of the SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020, is further extended and shall be applicable for Rights Issues opening up to September 30, 2021, provided that the issuer along with the Lead Manager(s) shall continue to comply with point (v) of the SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 06, 2020.
In respect to mechanism and compliance requirements at point (iv) and (v) of the SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020, the issuer along with Lead Manager(s), Registrar, and other recognized intermediaries (as incorporated in the mechanism) shall also ensure the following:
a. Refund for un-allotted / partial allotted application shall be completed on or before T+1 day (T: Basis of allotment day).
b. Registrar to the issue, shall ensure that all data with respect to refund instruction is error free to avoid any technical rejections. Further, in case of any technical rejection of refund instruction, same shall be addressed promptly.
The aforesaid SEBI circular is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Ashok Kumar Singh
Assistant General Manager
Listing Compliance
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Nisha Mehta
Manager
Listing Compliance
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April 23, 2021
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