Limited relaxation from compliance with certain provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
Summary
SEBI grants a limited relaxation from the requirement to send hard copies of statements to non-convertible debt security holders who have not registered their email addresses. This exemption covers the period from October 1, 2024, to September 30, 2025, contingent upon compliance with MCA guidelines and specific disclosure requirements for the latter half of the period. The circular is issued under Section 11(1) of the SEBI Act and Regulation 101 of the LODR Regulations.
Text
SEBI had previously relaxed Regulation 58(1)(b) of the LODR Regulations till September 30, 2024 based on MCA General Circular no. 09/2023.
A listed entity shall send a hard copy of the statement containing salient features of documents specified in Section 136 of Companies Act, 2013 to holders who have not registered their email address(es).
MCA extended the relaxation from sending physical copies of financial statements to shareholders for AGMs conducted till September 30, 2025.
Entities having listed non-convertible securities who complied with MCA conditions and did not send hard copies shall not be subject to penal action for non-compliance with Regulation 58(1)(b) for the period October 01, 2024 to June 05, 2025.
Similar relaxation is provided for the period June 06, 2025 to September 30, 2025 provided that advertisement under Regulation 52(8) shall disclose the web-link to the statement.
This Circular shall come into force with immediate effect.
Stock Exchanges are advised to bring the provisions of this circular to the notice of all entities with listed non-convertible securities and disseminate on their websites.
The Circular is issued under Section 11(1) of the SEBI Act read with Regulation 101 of the SEBI LODR Regulations, subject to the Companies Act, 2013.
Source: SecMarx — Limited relaxation from compliance with certain provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.