sebi:SEBI/WTM/GM/CFD/32/2019-20
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Facts / Headnote
Granted - relaxation from regulation 8(1B)(i) limited to MPS non-compliance to permit voluntary delisting subject to conditions; application dated December 11, 2017 disposed of
Provisions invoked
- s. 11B
Regulations
- Reg. 4
- Reg. 17
- Reg. 8
- Reg. 4(1)
- Reg. 38
- Reg. 3(12)
- Reg. 31(2)(b)
- Reg. 3(11)
- Reg. 25A
- Reg. 31(b)
Holding
Polygenta Technologies Ltd. was granted relaxation from the applicability of regulation 8(1B)(i) of the Delisting Regulations, limited to MPS non-compliance, for the specific purpose of voluntary delisting subject to eleven conditions including independent valuations, enhanced success threshold and extended exit.
Full text
______________________________________________________________________________________________ Order in the matter of Polygenta Technologies Ltd. Page 2 of 19
______________________________________________________________________________________________ Order in the matter of Polygenta Technologies Ltd. Page 3 of 19
______________________________________________________________________________________________ Order in the matter of Polygenta Technologies Ltd. Page 4 of 19
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Source: SecMarx — sebi:SEBI/WTM/GM/CFD/32/2019-20. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.