The document shows that the Indian regulatory agency intends to strengthen the regulation of the use of equity financing funds.

A proposal draft shows that the Indian market regulator plans to tighten supervision over the use of equity funds raised by companies from the public market. Due to the impact of the Middle East situation, the Indian stock market has experienced selling pressure and the market fundraising enthusiasm has cooled down. In this context, the above proposal aims to boost investor confidence and strengthen the issuer's sense of responsibility. A subcommittee of the Securities and Exchange Board of India will submit this draft proposal to the regulatory authority, and will also seek opinions from the market before the new regulations are implemented. This proposal has never been disclosed to the public before.