New Delhi, April 25 -- The National Stock Exchange on Thursday introduced stricter requirements for small and medium enterprises seeking to migrate from its SME platform to the main board, establishing a minimum revenue threshold of Rs 100 crore in the previous financial year for the first time.

The exchange has also significantly increased the average equity capitalisation requirement to Rs 100 crore from the previous Rs 25 crore.

Additionally, promoters and promoter groups must maintain at least 20 percent shareholding when applying for migration, and their holdings must not fall below 50 percent of their shares held on the listing date.

These heightened regulations follow recent allegations of funds misappropriation by Gensol Engine...