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of <h1>SEBI Regulation 41A: SR Equity Shares Voting Rights and Conversion Rules Explained for Shareholders</h1> Regulation 41A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines provisions for outstanding SR equity shares. SR equity shares are treated like ordinary shares except in voting on resolutions, with total voting rights capped at 74% post-listing. SR shares have equal voting rights in specific situations, such as director appointments, control transfers, and insolvency processes. They convert to ordinary shares after five years unless extended by resolution without SR shareholder voting. Conversion is mandatory upon certain events, like the promoter's demise or resignation, mergers affecting control, or sale by SR shareholders after the lock-in period.
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