Delisting from Dissemination Board for Exclusively Listed Companies (ELCs)

SEBI has mandated that Exclusively Listed Companies (ELCs) on the Dissemination Board (DB) of de-recognized, non-operational, or exited stock exchanges must either seek listing on a recognized exchange or provide an exit option to shareholders. The regulatory framework, outlined in SEBI’s circulars (October 10, 2016, and March 27, 2017), requires these companies to submit an action plan and comply with SEBI’s exit process.

At BlueRock Advisors LLP, we assist ELCs in navigating SEBI’s delisting framework, ensuring full compliance while offering shareholders a structured exit or potential re-listing options. Our team provides expert guidance on regulatory requirements, documentation, valuation, and investor settlements, ensuring a smooth and legally compliant transition.

📌 Why Delisting from the Dissemination Board is Important?

✔ Regulatory Compliance – Fulfill SEBI’s requirements to avoid legal and financial repercussions.
 ✔ Structured Exit for Shareholders – Ensure a fair and transparent process for investor settlements.
 ✔ Corporate Credibility Restoration – Improve compliance standing and explore new business opportunities.
 ✔ Business Growth & Future Opportunities – Reposition your company for private investment, restructuring, or re-listing.

📢 “Delisting is not just about compliance; it’s about preparing for the next phase of business growth.”

📌 SEBI Guidelines for Delisting of ELCs from the Dissemination Board

1️⃣ Plan of Action Submission – Companies must submit a detailed plan for either listing or exit.
 2️⃣ Exit Options for Shareholders – Companies must provide fair valuation and exit opportunities as per SEBI guidelines.
 3️⃣ Regulatory Filings & Compliance – Companies must file the necessary applications, disclosures, and compliance reports.
 4️⃣ Approval from Stock Exchanges & SEBI – The exit or migration process must be approved by designated exchanges and SEBI.
 5️⃣ Completion of Shareholder Settlement – Companies must ensure fair compensation to investors based on valuation reports.

“A well-executed exit strategy protects shareholder interests and safeguards corporate reputation.”

📌 Our Delisting Advisory Services

📍 Compliance & Legal Assistance

✔ Reviewing company status and eligibility for delisting.
 ✔ Preparing and submitting the delisting application to SEBI and stock exchanges.
 ✔ Ensuring compliance with SEBI circulars, Companies Act, and securities laws.

📍 Exit Strategy & Shareholder Settlement

✔ Assisting in valuation assessments for fair exit pricing.
 ✔ Coordinating with promoters, investors, and regulatory bodies for smooth delisting.
 ✔ Facilitating share buybacks, open offers, or other SEBI-approved exit mechanisms.

📍 Documentation & Regulatory Filings

✔ Preparing shareholder communications, disclosures, and announcements.
 ✔ Filing necessary forms with stock exchanges and SEBI.
 ✔ Assisting in post-delisting documentation and legal formalities.

📍 Business Restructuring & Future Growth Planning

✔ Advising on post-delisting corporate strategies—private funding, restructuring, or re-listing.
 ✔ Exploring potential listing on SME or Main Board exchanges.
 ✔ Assisting in business repositioning for long-term growth.

🚀 Why Choose BlueRock Advisors LLP?

✅ Expert SEBI Compliance & Regulatory Support – Ensuring smooth and legally compliant delisting.
 ✅ End-to-End Exit Process Management – From regulatory approvals to investor settlements.
 ✅ Stakeholder Protection & Transparency – Ensuring a fair and structured exit process.
 ✅ Future-Ready Business Advisory – Helping companies prepare for restructuring or re-listing.
 ✅ Proven Track Record – Successfully assisting ELCs in exiting from the Dissemination Board.

📞 Need assistance with delisting? Contact us at [Your Contact Number] or email [Your Email] to start your delisting process today.

📌 “Strategic delisting paves the way for future growth—navigate it with expert guidance and compliance.” 🚀