Withdrawal of approval by the stock exchange

• The recognised stock exchange may delist the specified securities of an issuer listed without making a public issue upon non-compliance of the conditions of listing and in the manner as specified by the stock exchange.
• No issuer promoted by the promoters and directors of an entity delisted under sub-regulation
• shall be permitted to list on the innovators growth platform for a period of five years from the date of such delisting:

Provided that the provisions of this regulation shall not apply to another issuer promoted by any of the independent directors of such a delisted issuer.