Applicability

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....bsp;high value debt listed entity shall ensure compliance with these provisions ^41[,] within six months from the date of such trigger, and the disclosures of such compliance may be made in the corporate governance compliance report on and from the third quarter ^42[,] following the date of the trigger.] Provided further that these provisions shall be applicable to a 'high value debt listed entity' on a 'comply or explain' basis until ^21[March 31, 2025] and on a mandatory basis thereafter. Explanation (1)- The entities referred in the first proviso to sub-regulation (1A) of regulation 15 are referred to as 'high value debt listed entities' for the purpose of this chapter. Explanation (2)- ^43[****] Explanation (3) - 'Comply or explain' for the purpose of the second proviso to sub-regulation (1A) of regulation 15 shall mean that the entity shall endeavour to comply with the provisions and achieve full compliance by ^22[March 31, 2025]. In case the entity is not able to achieve full compliance with the provisions, till such time, it shall explain the reasons for such non-compliance/ partial compliance and the steps initiated to achieve ....

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....46 and para C, D and E of Schedule V become applicable to a listed entity at a later date, it shall ensure compliance with the same within six months from such date.] ^10[Provided further that once the ^24[corporate governance provisions as specified in regulations 17 to 27, clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V] become applicable to a listed entity, they shall continue to remain applicable till such time the equity share capital ^25[and] the net-worth of such entity reduces and remains below the specified threshold for a period of three consecutive financial years.] (b) ^11[a] listed entity which has listed its specified securities on the SME Exchange: ^34[Provided that with effect from April 01, 2025, the provisions of regulation 23 shall be applicable in respect of a listed entity which has listed its specified securities on the SME Exchange and which has either paid up equity share capital exceeding Rupees ten crore or net worth exceeding Rupees twenty-five crore, as on the last day of the previous financial year: Provided further that where the provisions of regulation 23 become a....

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....d Disclosure Requirements) (Amendment) Regulations, 2018, w.e.f. 1.4.2019. 4 Inserted ibid. 5 Inserted by SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2018, w.e.f. 31.05.2018. 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as "institutional trading platform" 7. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 8. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as "the" 9. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as, "Provided that where the provisions of the regulations specified in this regulation becomes applicable to a listed entity at a later date, such listed entity shall comply with the requirements those regulations within six months from the date on which the provisions became applicable to the listed entity." 10. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 11. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as "the" 12. Omitted vide Not....

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....ead as, "^20[March 31, 2024]" 23.  Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 24.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 before it was read as, "above regulations" 25.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 before it was read as, "or" 26.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 before it was read as, "." 27.  Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 28.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 before it was read as, "." 29. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/218 dated 12-12-2024 w.e.f. 12-12-2024 30.  Substituted vide F. No. SEBI/LAD-NRO/GN/2025/239 dated 27-03-2025 before it was read as, "Rupees Five Hundred Cror....