Delisting of equity shares: rules set scope and carve out innovators platform and insolvency-plan exit procedures with disclosure.

These regulations govern the delisting of equity shares, including shares with superior voting rights, from recognised stock exchanges. Exclusions include shares listed on the innovators growth platform admitted without a public issue, and delisting or exit provided under an approved Insolvency Code resolution plan where an exit opportunity is provided at a price not less than that afforded to a promoter or promoter-group entity; delisting details and exit-price justification must be disclosed to the recognised stock exchange(s) within one day of plan approval.

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