Delisting conditions for public sector undertakings require a high acquirer shareholding threshold, fixed price process, and valuation safeguards. Delisting of public sector undertaking equity shares (excluding banks, NBFCs and insurers) is permitted subject to a high acquirer shareholding threshold, shareholder approval by special resolution via postal ballot or e voting with full disclosure, and use of the fixed price process. The floor price must be at least the highest of specified market-based benchmarks or a joint valuation by two independent registered valuers using customary metrics, and the delisting price must exceed that floor by a mandated premium. If voluntary strike-off occurs within the specified post delisting window, unpaid amounts to remaining public shareholders are to be held by the designated stock exchange for a claim period and then transferred to investor protection funds, with claim and reimbursement procedures as prescribed.