UPDATES FOR NSE LISTED COMPANIES

 UPDATES  FOR  NSE  LISTED COMPANIES

NSE issues Master Circular for Listed Companies

Ref No: NSE/CML/2025/25 | Date: April 30, 2025

The National Stock Exchange (NSE) has released a comprehensive Master Circular consolidating relevant and updated guideline applicable to listed companies as of April 30, 2025. The circular is divided into two parts:

Part A: Covers Listing Approvals including IPOs, Further Issues, Schemes of Arrangement, Debt Listing, and Social Stock Exchange.

Part B: Compiles guidelines relating to Listing Compliance under SEBI LODR, SAST, and PIT regulations.

KEY REGULATORY CLARIFICATIONS INCLUDE:

◾ Promoter/promoter group cannot be removed from the shareholding pattern during the quarter based on share sale alone—reclassification approval from the stock exchange is mandatory.

◾ Stock Exchanges have introduced API-based integration for select filings to enable automatic dissemination across exchanges (e.g., share capital audit reports, shareholder meetings).

◾ Includes industry standard notes on BRSR Core, disclosures for related party transactions, and Regulation 30 under SEBI LODR.

For the detailed circular and FAQs covering various aspects, refer to the annexed circular available on the NSE website.

Courtesy : Miss Vidhi Joshi

R V Seckar FCS , LLB 79047 19295