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<h1>Regulation 64B: Steps for Voluntary Delisting of Non-Convertible Debt Securities and Preference Shares from Stock Exchanges</h1> Regulation 64B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the process for obtaining in-principle approval from stock exchanges for the voluntary delisting of non-convertible debt securities or non-convertible redeemable preference shares. A listed entity must apply for approval within fifteen working days from the board resolution or receipt of necessary approvals. Stock exchanges are required to respond within fifteen working days, considering factors such as board approvals, investor grievance resolutions, payment of fees, regulatory compliance, pending litigation, and any penalties or restrictions imposed by the Board.