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of <h1>Promoters Must Offer Exit to Dissenting Shareholders on Contract Changes Under Regulation 59, SEBI Regulations 2018.</h1> Regulation 59 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 mandates that promoters or controlling shareholders of an issuer must provide an exit offer to dissenting shareholders if there is a change in the objectives or terms of a contract related to the objectives outlined in the offer document. This requirement is in accordance with the Companies Act, 2013, and detailed in Schedule XX. The obligation to provide an exit offer does not apply if there are no identifiable promoters or controlling shareholders.
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