The Bombay Stock Exchange (BSE) has introduced new guidelines for SMEs seeking to move to the main board. To migrate, a firm needs a net worth of at least ₹15 crore for the past two financial years, three years of SME platform listing, 250 public shareholders, positive operating profit for two of the past three financial years, positive profit after tax in the immediate financial year, paid-up equity capital over ₹10 crore, and a market capitalization of at least ₹25 crore. The BSE has announced new guidelines for SMEs, requiring applicants to not have received any winding-up petitions from the National Company Law Tribunal (NCLT) and not have any regulatory action taken against them in the past three years. The guidelines will become effective from January 1, 2024. The BSE SME platform has listed 464 companies, with 181 migrated to the main board. The guidelines aim to help SMEs raise equity capital for growth and expansion cost-effectively.