Promoter-identified employee share benefits: allowed to continue holding and exercising pre-existing awards subject to regulatory compliance. Employees identified as promoters or part of the promoter group in a draft IPO offer document who received options, SARs or other scheme benefits at least one year before filing may continue to hold and exercise those awards in accordance with their original terms, subject to these regulations and other applicable laws. The amendment takes effect on publication in the Official Gazette and is issued under SEBI's statutory powers and related company law provisions.