sebi:SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/115

SEBI · SEBI · Investment Management Department (IMD)

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Page 2 of 2 securities and to promote the development of, and to regulate the securities market. 7. This circular is available at www.sebi.gov.in under the link “Legal ->Circulars”.

Yours faithfully, Peter Mardi Deputy General Manager Investment Management Department +91-22-26449233 peterm@sebi.gov.in

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Source: SecMarx — sebi:SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/115. 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.