The amendment provide that before filing a draft offer document, shares held by a wider range of stakeholders, including promoters, directors, key managerial personnel, senior management, and employees, must now be in dematerialized form. The regulations also refine the framework for the Social Stock Exchange (SSE), updating definitions for social enterprises, clarifying registration requirements for trusts and charitable societies, and setting new conditions for Not for Profit Organizations, which must raise funds for a listed project within two years of registration.