The equity share of Ashina Buildcon Ltd., was listed on National Stock Exchange Ltd. (NSE). NSE delisted its shares by complying SEBI guidelines on delisting. The order of delisting was passed on March 05, 2017. Kunj, on

According to the provisions of regulation 21 of the SEBI (Delisting of Equity Shares) Regulations, 2009, where pursuant to acceptance of equity shares tendered in term of SEBI delisting regulations, equity shares are delisted, any remaining public shareholder holding such equity shares may tender his shares to the promoter up to a period of minimum one year from the date of delisting and, in such a case: The promoter shall accept the shares tendered at the same final price at which the earlier acceptance of shares was made. The payment of consideration for share accepted as above shall be made out of the balance amount lying in the escrow account. The amount in the escrow account or the bank guarantee shall not be released to the promoter unless all payments are made in respect of share tendered as above. In the instant case of the shares of Ashina Buildcon Ltd. which was delisted by NSE on March 05, 2017 where Kunj is one of the shareholders, wanted to tender equity shares on January 01, 2018. So as per the above mentioned provisions, remaining shareholders can tender their share up to a period of minimum one year from the date of delisting. Therefore, Kunj can tender his share on January 01, 2018.