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<h1>Regulation 26ZI: Delisting Process for SM REITs Due to Low Public Holdings, Project Absence, or Regulatory Breaches.</h1> Regulation 26ZI of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, outlines the process for delisting units of Small and Medium Real Estate Investment Trusts (SM REITs). Delisting can occur if public unit holdings fall below specified limits, there are no remaining projects for over six months, or due to regulatory violations. Delisting can also be initiated by investment managers, trustees, or unit holders with requisite approvals. The Board may approve, reject, or extend compliance time for delisting applications. Upon delisting, assets must be sold to redeem units, and if all schemes are delisted, the SM REIT must surrender its registration.