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<h1>Listed issuers must honor rights issue post-record date or face a 12-month listing ban for new securities.</h1> A listed issuer planning a rights issue must announce a record date to determine eligible shareholders for the securities. Once the record date is announced, the issuer cannot withdraw the rights issue. If the issuer withdraws after the record date, it is prohibited from applying to list any specified securities on any recognized stock exchange for twelve months from the announced record date. However, the issuer may list equity shares resulting from the conversion or exchange of convertible securities issued before the record date on the exchange where its securities are already listed.