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<h1>Compulsory delisting valuation: promoters must buy public shares at independent fair value, with interest on delayed payment.</h1> Compulsory delisting requires the recognised stock exchange to appoint independent valuer(s) from a maintained Panel to determine fair value per regulation 20(2). Promoter(s) must acquire delisted equity shares from public shareholders at that determined value within the prescribed period, subject to shareholders' option to retain shares. Failure to pay within the time incurs interest to offering shareholders, but the Board may waive interest where delay is not attributable to the acquirer or arises from circumstances beyond the acquirer's control.