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of <h1>Promoter Must Buy Delisted Shares at Fair Value Within 3 Months or Pay 10% Annual Interest for Delays</h1> In the event of compulsory delisting of a company's equity shares by a recognized stock exchange, an independent valuer is appointed to determine the fair value of these shares. The promoter of the company must acquire the delisted shares from public shareholders at this determined value within three months, unless shareholders choose to retain their shares. If payment is delayed beyond this period, the promoter must pay a 10% annual interest unless the delay is due to uncontrollable circumstances, in which case a waiver may be granted by the Securities and Exchange Board of India.
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