India's NSE imposes stricter rules on SMEs moving to the main board, effective May 1, 2025.

The National Stock Exchange (NSE) has introduced stricter rules for small and medium enterprises (SMEs) moving from the SME platform to the main board. These new rules aim to improve transparency and financial stability. Companies must now have a minimum annual revenue of Rs 100 crore, be listed for at least three years, and have at least 500 public shareholders. Additionally, promoters must hold a minimum 20% stake in the company. These changes take effect May 1, 2025, following recent concerns over financial mismanagement by some SMEs.