Pursuant to the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
("Listing Regulations"), companies
listed on the Indian stock exchanges are required to submit a
statement which describes the shareholding pattern separately for
each class of securities in the format prescribed by the Securities
and Exchange Board of India
("SEBI"1.
Each listed entity is required to make the aforesaid disclosure
to the stock exchange(s): (i) 1 (one) day prior to the listing of
its securities on the stock exchange(s); (ii) on a quarterly basis,
within 21 (twenty-one) days from the end of each quarter; and (iii)
within 10 (ten) days of any capital restructuring of the listed
entity, resulting in a change of over 2% (two per cent) of the
total paid-up share capital. The aforesaid Regulations carve out an
exception to the aforementioned timelines for entities which have
their securities listed on the SME Exchange—such entities
