The in-principle approval does not constitute final listing approval
Company must ensure issue and allotment complies with all applicable laws and regulations
Company must strengthen internal controls to monitor trades by proposed allottees
Must obtain undertaking from allottees confirming they will not engage in intra-day trading or any sale in the company scrip until allotment date
Responsibility for verification and compliance rests solely with the issuer company
Must apply for listing within 20 days from date of allotment as per SEBI circular
Non-compliance may impact listing of shares and attract fines
BSE reserves right to withdraw approval if information is incomplete/incorrect/misleading/false
Post-Approval Formalities
Must make listing application without delay with applicable fees under Regulation 14 of LODR Regulations
For convertible securities, depositories will automatically release excess lock-in period of pre-preferential holding without requiring NOC from Exchange
Must comply with all post-issue formalities and checklist requirements
