SEBI, vide its Circular dated 30th June, 2022 came out with new format for disclosure of Shareholding patterns of the public shareholders in order to bring more clarity and transparency to investors.
The amendments in the disclosure requirements are as stated below :-
- In the disclosure of public shareholding, names of the shareholders holding one per cent or above of shares of the listed entity is to be disclosed.
- Further, names of the shareholders who are persons acting in concert, if available, will be disclosed separately.
Further, SEBI came out with new formats for disclosure for :-
- Statement showing shareholding pattern of the Public shareholder.
- Statement showing shareholding pattern of the Non-Promoter-Non-Public shareholder.
The revised disclosure formats are available under Annexure A.
Under the new disclosure format pertaining to shareholding pattern of the public-shareholders, SEBI has added a sub-categorisation of shares column. Sub-categorisation of shares will be based on shareholding under the three categories :-
- Shareholders who are represent by a nominee director who is on the board of the listed entity.
- Shareholders who have entered into shareholder agreement with the listed entity.
- Shareholders acting as persons in concert with promoter.
SEBI also specified further that all listed entities shall disclose details pertaining to foreign ownership limits in the format prescribed at Annexure B.
This Circular will come into force with effect from the quarter ending 30th September, 2022.
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