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Mainboard transition: NSE tightens rules for SMEs
Business Standard
|April 25, 2025
The bar has been considerably raised for small and medium enterprises (SMEs) wishing to migrate to the mainboard, as NSE on Thursday revised the eligibility criteria for such firms which included a minimum ₹100 crore revenue in the previous financial year and a positive operating profit for at least two out of three financial years.
The National Stock Exchange (NSE) has issued the circular with the revised set of norms, which it said will come into effect starting May 1.
The move comes days after India's market regulator Securities and Exchange Board of India (Sebi) found irregularities at Gensol, a company which was first listed on the SME platform and then moved to the mainboard.
This story is from the April 25, 2025 edition of Business Standard.
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