Delisting without exit opportunity requires Board approval, specified public notice and prompt exchange disposal of the application. A company seeking delisting without an exit opportunity must obtain prior Board approval, apply to the relevant recognised stock exchange(s), publish a public notice in specified national and regional newspapers stating the exchanges to be delisted, reasons for delisting and continuation of listing on exchanges with nationwide trading terminals, and disclose the delisting in its first post delisting annual report. The recognised stock exchange(s) must dispose of a complete delisting application within a timebound period not exceeding thirty working days from receipt.