sebi:SEBI/HO/DDHS-PoD-2/P/CIR/2025/102

SEBI · SEBI · SEBI, signed by Deputy General Manager Ritesh Nandwani

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Provisions invoked

Regulations

Holding

No adjudicatory decision is made in the text. The text is a SEBI Master Circular for InvITs consolidating prior circulars and prescribing compliance procedures for issues, disclosures and listings.

Full text

Page 2 of 237 be deemed to have been done or taken under the corresponding provisions of this Master Circular; 3.2. any application made to SEBI under the superseded circulars, prior to such supersession, and pending before it shall be deemed to have been made under the corresponding provisions of this Master Circular;

Page 3 of 237 Table of Contents Chapter 1. Online Filing System for InvITs .............................................................................. 6 Chapter 2. Guidelines for public issue of units of InvITs ........................................................ 7 Chapter 3. Disclosure of financial information in offer document/placement memorandum for InvITs ................................................................................................................ 32 Chapter 4. Continuous Disclosures and Compliances by InvITs ......................................... 61 Chapter 5. Participation by Strategic Investor(s) in InvITs ................................................... 83 Chapter 6. Guidelines for issuance of debt securities by InvITs .......................................... 85 Chapter 7. Guidelines for preferential issue and institutional placement of units by listed InvITs ...................................................................................................................... 87 Chapter 8. Guidelines for filing of placement memorandum by InvITs proposed to be listed ................................................................................................................................ 98 Chapter 9. Guidelines for rights issue of units by a listed InvIT .......................................... 99 Chapter 10. Encumbrance on units of InvITs ........................................................................ 108 Chapter 11

Page 4 of 237 Chapter 16. Issue and listing of Commercial Paper by listed InvITs .................................... 130 Chapter 17. Facility of conducting meetings of unit holders of InvITs through Video Conferencing or Other Audio Visual means ...................................................... 131 Chapter 18. Dematerialization of securities of Hold Cos and SPVs held by Infrastructure Investment Trusts (InvITs) .................................................................................. 135 Chapter 19. Format for Annual Secretarial Compliance Report for InvITs .......................... 136 Chapter 20. Format of Compliance Report on Governance for InvITs ................................. 138 Chapter 21. Manner of achieving minimum public unitholding - InvITs .............................. 139 Chapter 22. Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs) ................................................................................................................. 145 Chapter 23. Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) and manner of claiming such amounts by unitholders ..................................................................................................... 154 Chapter 24. Format of Quarterly Report and Compliance Certificate .................................. 156 Chapter 25. Investor Charter and Disclosure of Investor Complaints by InvITs ..........

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Source: SecMarx — sebi:SEBI/HO/DDHS-PoD-2/P/CIR/2025/102. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.