Define what are designated securities for the purpose of Listed entity and Material unlisted subsidiaries as defined by SEBI in LODR Regulation.

The term 'listed entity' means an entity which has listed, on a recognised stock exchange(s), the designated securities issued by it or designated securities issued under schemes managed by it, in accordance with the listing agreement entered into between the entity and the recognised stock exchange(s). 'Designated securities' includes the equity shares, convertible securities, non-convertible debt securities, nonconvertible redeemable preference shares, perpetual debt instrument, perpetual non-cumulative preference shares, Indian depository receipts, securitised debt instruments, security receipts, units issued by mutual funds and any other securities as may be specified by the Board. Material subsidiary mean a subsidiary, whose income or net worth exceeds ten percent of the consolidated income or net worth respectively, of the listed entity and its subsidiaries in the immediately preceding accounting year. Whereas the Regulations provides that 'subsidiary' means a subsidiary as defined under sub-section (87) of section 2 of the Companies Act, 2013 which provides that: 'Subsidiary company' or 'subsidiary', in relation to any other company (that is to say the holding company), means a company in which the holding company - controls the composition of the Board of Directors; or exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies: Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed.