SEBI issues comprehensive compliance calendar for listed non-convertible debentures covering SEBI LODR, debenture trustee, and Companies Act requirements.
Navigating Listed NCD Compliance in 2026
SEBI has released a consolidated compliance calendar for issuers of listed non-convertible debentures (NCDs), outlining key deadlines under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Companies Act, 2013, and debenture trustee reporting norms.
Key compliance touchpoints include quarterly disclosures of fund utilization, annual solvency certificates from trustees, credit rating reviews, event-based disclosures for defaults, and mandatory credit enhancement updates. The calendar also highlights timelines for interest payments, redemption notices, and trust deed modifications.
Practical Implication: Issuers must integrate this calendar into their compliance management systems to avoid regulatory penalties. Missed filings can trigger suspension of trading or public censure.
Citations
- SEBI (LODR) Regulations, 2015
- Companies Act, 2013