Delisting criteria and procedure: exchanges assess market float, compliance and conduct, with panel review and regulator appeal. Exchanges must weigh marketability (public float, market lot, price, market capitalisation), trading liquidity, financial and operational viability, and three-year Listing Agreement compliance, together with promoters' conduct and company availability, when considering delisting. A delisting review panel-composed of exchange officers (including a public representative), an investor representative, a government/registrar representative, and the exchange secretary-must be constituted, due notice given to the company and other exchanges, the Listing Agreement termination notified, and the company afforded the right to appeal to the regulator.
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Delisting criteria and procedure: exchanges assess market float, compliance and conduct, with panel review and regulator appeal.
Exchanges must weigh marketability (public float, market lot, price, market capitalisation), trading liquidity, financial and operational viability, and three-year Listing Agreement compliance, together with promoters' conduct and company availability, when considering delisting. A delisting review panel-composed of exchange officers (including a public representative), an investor representative, a government/registrar representative, and the exchange secretary-must be constituted, due notice given to the company and other exchanges, the Listing Agreement termination notified, and the company afforded the right to appeal to the regulator.
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