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of <h1>Section 27 safeguards shareholders on prospectus changes, fund use, and mandatory exit offers for dissenting investors</h1> Section 27 restricts a company from varying the terms of a contract or the objects stated in its prospectus unless approved by a special resolution in a general meeting or authorised by such resolution. The notice of the resolution, with prescribed details and justification for variation, must be published in English and vernacular newspapers where the registered office is located. Funds raised through a prospectus cannot be used for buying, trading, or dealing in equity shares of any other listed company. Shareholders who dissent from the variation must be provided an exit offer by promoters or controlling shareholders at a price and in a manner specified by the Securities and Exchange Board through regulations.
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