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

Relaxation in timeline for disclosure of allocation methodology by Angel Funds

15-Oct-2025 | SEBI/HO/AFD/AFD-POD-1/P/CIR/2025/136

SEBI has issued a circular in reference to the SEBI circular dated 10 September 2025 on "Revised regulatory framework for Angel Funds under AIF Regulations", which specifies that the requirement of disclosing a defined methodology for allocating the investment among angel investors who provide approval for such investment in their Private Placement Memorandum (PPMs) by existing Angel Funds.

By virtue of this circular, the timeline for disclosure of the defined methodology has been extended till January 31, 2026, and the allocation of all investments made by existing Angel Funds post January 31, 2026, shall be in accordance with the defined allocation methodology disclosed in their PPMs.

Kindly refer to the attached document for more information.

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