Employee reservation limits capped for allotments in public and rights issues, with revised listing and disclosure obligations. The amendment clarifies the convertible security definition, adjusts eligibility and trading-turnover criteria for further public offers, and permits deemed compliance for prior board-composition non-compliance if rectified and disclosed at filing. Employee reservation mechanics are standardized with a per-employee cap on allotments across public and rights issues and corresponding provisos. Financial disclosures now require ICAI peer-reviewed auditor certification or reauditing by such auditors, and an alternate, condensed financial-information regime and an alternate book-building method for further offers are introduced with specified allocation and pricing rules.