The key decisions include relaxing public issue requirements for equity shares from converted compulsory convertible securities and founder ESOPs, and mandating dematerialization of securities for a broader range of shareholders, including promoter groups and key managerial personnel, prior to filing a Draft Red Herring Prospectus (DRHP). The Board also simplified placement documents for Qualified Institutional Placements (QIPs) and introduced special measures for voluntary delisting of certain Public Sector Undertakings (PSUs) with high government/PSU shareholding, allowing for a fixed-price delisting process.
— The amendments were approved for the Social Stock Exchange framework to facilitate access for various social enterprises, rationalized regulations for Merchant Bankers and Debenture Trustees to permit other financial services within the same legal entity, and measures to ease operations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). It also streamlined certification requirements for associated persons in securities markets and allowed Category I & II Alternative Investment Funds (AIFs) to offer co-investment opportunities within their existing structure.