Promoter share encumbrance disclosure required: listing formats now mandate pledged share details in shareholding pattern and quarterly reports. Amendments mandate disclosure of promoter and promoter group shares pledged or otherwise encumbered in the Equity Listing Agreement: Clause 35's shareholding pattern must add fields for pledged shares and a promoter schedule showing each promoter's total shares and encumbered shares with percentages; Clause 41's quarterly financial results format must similarly disclose pledged and non encumbered promoter holdings with percentages. Stock exchanges must implement the revised formats immediately, report implementation status to the regulator, and commence reporting from the quarter ending March 31, 2009, with limited transitional relief for prior year quarter comparisons.
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Promoter share encumbrance disclosure required: listing formats now mandate pledged share details in shareholding pattern and quarterly reports.
Amendments mandate disclosure of promoter and promoter group shares pledged or otherwise encumbered in the Equity Listing Agreement: Clause 35's shareholding pattern must add fields for pledged shares and a promoter schedule showing each promoter's total shares and encumbered shares with percentages; Clause 41's quarterly financial results format must similarly disclose pledged and non encumbered promoter holdings with percentages. Stock exchanges must implement the revised formats immediately, report implementation status to the regulator, and commence reporting from the quarter ending March 31, 2009, with limited transitional relief for prior year quarter comparisons.
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