Notice No20190204-32Notice Date04 Feb 2019
CategoryCompany relatedSegmentDebt
SubjectSchemes of Arrangement by Listed Companies that have Debt / NCRPS listed at Exchanges.

This has reference to Regulation 11 read with Regulation 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

In this regard, as advised by SEBI, listed entities that have only Debt/NCRPS listed  on the Exchange may kindly note that in cases of schemes of arrangement wherein entities involved have neither listed their equity nor convertibles and are proposing to issue and list NCD/NCRPS in lieu of listed NCD/NCRPS , the  entities involved must ensure compliance of Regulation 11 and Regulation 59 of Listing Regulations in order to give effect to such scheme of arrangement.

Accordingly, such listed entities are required to take prior approval of the Exchange before filing such schemes with the National Company Law Tribunal (NCLT) for approval. Applications for the same may be filed only electronically, i.e. through BSE’s online listing portal called Listing Centre. For any queries related to  BSE’s online listing portal or to obtain login id for the same, please contact Shri Mangesh Tayde on 22728846 or Shri Amol Hosalkar on 22728390.

All debt listed Companies are required to take note of the above and comply accordingly.



Hitesh Desai                                                                        Ashok Kumar Singh

Addl. General Manager                                                       Senior Manager


February 04, 2019