Voluntary delisting of non-convertible securities requires in-principle exchange approval, unanimous holder consent and trustee no-objection. The inserted Chapter VIA prescribes a framework for voluntary delisting of listed non-convertible debt securities and non-convertible redeemable preference shares, specifying exclusions, procedural steps and timelines for seeking in-principle stock exchange approval, holder approval and debenture trustee no-objection, detailed disclosure obligations to exchanges and on issuer websites (including a disclaimer on loss of statutory investor protections), notice and e-voting requirements, events causing proposal failure, final application procedures, provisions for partial delisting across exchanges, and exchange monitoring and reporting of non-compliance.