Delisting of units

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.... of the SM REIT falls below the limits specified under sub-regulation (2) of regulation 26ZF; (b) there are no projects or assets remaining under the scheme of the SM REIT for a period exceeding six months: Provided that the period may be extended by further six months, with the approval of unitholders in the manner as specified in regulation 26ZM; (c) the Board or the designated stock excha....

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....ions. (4) The Board may reject the application for delisting and take any other action, as it deems fit, under these regulations or the Act for violation of the listing agreement or these regulations or the Act. (5) The procedure for delisting of units of scheme of the SM REIT including provision of exit option to the unit holders shall be in accordance with the listing agreement and in accordan....