Styrolution ABS (India) Ltd has informed BSE that SEBI through its letter dated April 20, 2015, ('SEBI Permission') has conditionally allowed the promoter and promoter group of the Company to sell the equity shares of the Company on the floor of the stock exchanges for meeting the MPS requirement ('MPS Sale') in terms of Rule 19A of Securities Contracts (Regulation) Rules, 1957 ('SCRR'), on or before March 12, 2016.