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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - Reiteration of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2026

03-Feb-2026 | 20260203-12

BSE has reiterated the Amendment Regulation issued by SEBI amending the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. By virtue of this amendment: 1. The compliance requirements under Regulation 15 and Regulations 16 to 27 will now apply to listed entities that have listed non-convertible debt securities with an outstanding value of Rs. 5,000 crore or more. Earlier, these requirements applied to entities with outstanding non-convertible debt of Rs. 1,000 crore or more. (Regulation 15(1A)) 2. Listed entities shall credit securities only in dematerialised form, pursuant to investor service requests, within 30 days from the date of receipt of such request. This requirement applies in cases of subdivision, split, consolidation, renewal, exchange, and issuance of duplicate securities on account of loss, or old, decrepit, or worn-out certificates. (Regulation 39(2)) 3. Shareholder approval by special resolution will not be required for the sale, disposal, or leasing of assets exceeding 20% of total assets if the transaction is between two wholly-owned subsidiaries of a High Value Debt Listed Entity (HVDLE). (Regulation 62L(6)) 4. Regulation 62P(3) has been inserted, which provides that any vacancy in the office of the Chief Executive Officer, Managing Director, Whole-Time Director, Manager, or Chief Financial Officer of an HVDLE, for which a resolution plan under Section 31 of the Insolvency and Bankruptcy Code has been approved, shall be filled within a period of three months from the date of such approval. Kindly refer to the attached document for further details.

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