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<h1>Listed Companies Must Get 'In-Principle' Approval from Stock Exchanges Before Issuing Securities, Per Regulation 28.</h1> Regulation 28 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates that a listed entity must secure an 'in-principle' approval from recognized stock exchanges before issuing securities. If the securities are listed on exchanges with nationwide trading terminals, approval is required from all such exchanges. If not, approval must be obtained from all exchanges where the securities are proposed to be listed. This requirement does not apply to securities issued under a scheme of arrangement if a No-Objection Letter has already been obtained from recognized stock exchanges as per regulation 37.