Record date requirement prevents withdrawal of a rights issue; withdrawal bars listing applications for a specified period. The issuer must announce a record date to determine shareholders eligible for a proposed rights issue as per listing regulations. After announcing the record date the issuer shall not withdraw the rights issue; withdrawal after announcement renders the issuer ineligible to apply for listing of any specified securities on any stock exchange for the period specified from that record date. An exception permits listing of equity shares allotted from conversions or exchanges of convertible securities, ESOPs, or exercise of warrants issued prior to the record date announcement.