Regulation 166 - Adjustments in pricing - Frequently and Infrequently traded shares - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

Adjustments in pricing - Frequently and Infrequently traded shares 166. 2 [ (1) ] The price determined for a preferential issue in accordance with 1 [ , regulations 164 , 164A , 164B or 165, ] , shall be subject to appropriate adjustments, if the issuer: a) makes an issue of equity shares by way of capitalization of profits or reserves, other than by way of a dividend on shares; b) makes an issue of equity shares after completion of a demerger wherein the securities of the resultant demerged entity are listed on a stock exchange; c) makes a rights issue of equity shares; d) consolidates its outstanding equity shares into a smaller number of shares; e) divides its outstanding equity shares including by way of stock split; f) re-classifies any of its equity shares into other securities of the issuer; g) is involved in such other similar events or circumstances, which in the opinion of the concerned stock exchange, require adjustments. 3 [ (2) The effect on the price of the equity shares of the issuer due to material price movement and confirmation of reported event or information may be excluded as per the framework specified under sub-regulation (11) of regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for determination of the price for a preferential issue in accordance with regulations 164 , 164A, 164B or 165 of these regulations. ] ************ NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was read as regulation 164 or regulation 165 2. Numbered vide Notification No. SEBI/LAD-NRO/GN/2024/178 dated 17-05-2024 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/178 dated 17-05-2024