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SEBI has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pursuant to which SEBI has increased the materiality threshold (triggering shareholder approval requirement) for a related party transaction involving payments made to a related party with respect to brand usage or royalty from 2% to 5% of the annual consolidated turnover of the listed entity as per the last audited financial statements.
Originally published September 2019
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