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<h1>SEBI Directs Stock Exchanges to Strengthen Monitoring of Listing Conditions, Enhance Shareholder Engagement per Clause 49 Guidelines.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all recognized stock exchanges, emphasizing the need for a robust system to monitor compliance with listing conditions by listed companies. SEBI highlighted concerns regarding inadequate time allocation for Annual General Meetings (AGMs) of companies with large shareholder bases, which can hinder effective shareholder participation. The circular mandates exchanges to enhance their monitoring frameworks to ensure adherence to corporate governance principles outlined in the revised Clause 49 of the Listing Agreement, effective October 1, 2014. This directive is issued under SEBI's authority as per the Securities and Exchange Board of India Act, 1992.