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

SEBI issues SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2025

22-Oct-2025 | No. SEBI/LAD-NRO/GN/2025/268

SEBI has issued a notification regarding Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2025.

By virtue of this notification, SEBI has specified the following amendments in the SEBI (Issue and Listing of Non-Convertible Securities)Regulations, 2021:

1. A proviso has been inserted after regulation 18(1) regarding the acceptance of deviations from the format specified for the trust deed, if a key summary sheet capturing the deviations, along with the rationale for the same, is provided by the issuer in the General Information Document/ Key Information Document or Shelf Prospectus.
2. In regulation 18(4), the phrase specifying the parts consisted of the trust deed containing statutory/standard information pertaining to the debt issue and details specific to the particular debt issue has been omitted.

Kindly refer to the attached document for more information.

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