Disclosure of holding of specified securities in dematerialized form
Summary
This circular partially modifies the Master Circular to enhance transparency in shareholding pattern disclosures by adding new data fields. It mandates listed entities to disclose details regarding Non-Disposal Undertakings, other encumbrances, and fully diluted share counts. The revised formats are effective from the quarter ending June 30, 2025, requiring updates from stock exchanges and depositories. This section presents Table II, a detailed statement showing the holding of specified securities by the Promoter and Promoter Group. It categorizes shareholders into Indian and Foreign entities, further subdivided by type such as individuals, governments, and financial institutions. The table includes specific notes regarding PAN confidentiality, the definition of encumbrance, and access to NIL shareholding details. This section presents Table III, a detailed statement showing the holding of specified securities by public shareholders. The table categorizes shareholders into institutions (domestic and foreign), government entities, and non-institutions. It requires disclosure of shareholding percentages, voting rights, and sub-categorizations for each entity type. This section detai
Text
Regulation 31 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), deals with the disclosure of shareholding pattern and manner of maintaining shareholding in dematerialized format.
details of Non-Disposal Undertaking (‘NDU’), Other encumbrances, if any and total number of shares pledged or otherwise encumbered including NDU shall be disclosed by the listed entities.
It is clarified that underlying outstanding convertible securities also includes ESOPs i.e. the existing header of column X as “No. of Shares Underlying Outstanding convertible securities (including Warrants, ESOP etc.)
adding one additional column in the existing shareholding pattern format to capture the details of total number of shares on fully diluted basis (including warrants, ESOP, Convertible Securities etc.)
A footnote has been added to the table II that provides the details of promoter and promoter group with shareholding “NIL”.
bring the provisions of this circular to the notice of all the companies whose securities are listed in the exchange and also to disseminate the same on the website of the stock exchange.
make amendments to the relevant bye-laws, rules and regulations for the implementation of the terms of this circular, if necessary.
The Depositories are also directed to update their systems to capture the abovementioned changes.
This Circular shall come into force with effect from the quarter ending June 30, 2025.
This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 31 and 101(2) of Listing Regulations.
Table II - Statement showing holding of specified securities by the Promoter and Promoter Group
PAN would not be displayed on website of Stock Exchange(s).
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Source: SecMarx — Disclosure of holding of specified securities in dematerialized form. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.