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BSE tightens framework for SMEs to migrate to main board
BSE New Norms: Bombay Stock Exchange on Monday tightened eligibility criteria for small and medium enterprises (SMEs) companies wishing to enter the main market and companies listed on other exchanges that are willing to be listed directly. Let us know about this in detail.
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Sangri Today
BREAKING
Muskan Kumawat
8 months ago
BSE tightens framework for SMEs to migrate to main board
BSE New Norms: Bombay Stock Exchange on Monday tightened eligibility criteria for small and medium enterprises (SMEs) companies wishing to enter the main market and companies listed on other exchanges that are willing to be listed directly. Let us know about this in detail.
Full Story: https://www.sangritoday.com/bse-tightens-framework-for-smes-to-migrate-to-main-board
Bombay Stock Exchange on Monday tightened the eligibility norms for small and medium enterprises (SMEs) companies that want to list in the main market and companies listed on other exchanges that want to list directly. BSE stated that the step is to "promote transparency, disclosure and thereby enhance the quality of listings".
As a part of the reform, in the case of SMEs' migration or direct listing to the mainboard, the exchange raised the requirement of operating profitability to Rs 15 crore for the last 3 financial years. According to the new guidelines, the minimum operating profit must be Rs 10 crore in each financial year. Previously, there was a requirement of positive operating profit in at least 2 out of 3 financial years.
