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

NSE- Reiteration of SEBI Circular on Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

06-Jun-2025 | NSE/CML/2025/04

NSE has Reiterated SEBI circular regarding limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

By virtue of this circular, SEBI has extended temporary relaxation from Regulation 58(1)(b) of the SEBI LODR Regulations, 2015, which mandates listed entities to send hard copies of audited financial statements and related documents to holders of non-convertible securities who have not registered their email addresses with the company or any depository.

Key highlights:

a. SEBI had earlier provided relaxation from this requirement till 30th September, 2024, through a circular dated October 6, 2023, pursuant to MCA's General Circular No. 09/2023 dated 25th September, 2023.

b. MCA has now extended this relaxation through General Circular No. 09/2024 dated 19th September, 2024, allowing companies to send financial statements and related documents electronically for AGMs held up to 30th September, 2025.

c. Accordingly, for the period from 1st October, 2024 to 5th June, 2025, listed entities with non-convertible securities will not be penalized for non-compliance with Regulation 58(1)(b) if they comply with the MCA Circular and do not send physical copies to holders without registered email addresses.

d. From 6th June, 2025 to 30th September, 2025, the relaxation continues, but such entities must publish an advertisement providing a web link to access the financial statement summary online, enabling holders of non-convertible securities to view the document digitally.

For detailed information, please refer to the attached circular.

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