SEBI outlines the complete regulatory framework for issuing non-convertible debentures (NCDs) by listed entities, including issuance conditions and compliance requirements.
Regulatory Framework for NCD Issuance and Listing by Listed Entities
On September 10, 2026, SEBI delineated the comprehensive regulatory framework governing the issuance and listing of non-convertible debentures (NCDs) by listed entities. This framework details the conditions for issuance, procedural requirements, and exemptions relevant for debenture redemption reserves (DRR).
This guideline ensures that listed entities adhere to both transparency and accountability standards when raising capital through NCDs, reinforcing investor protection. By establishing clear compliance mandates, SEBI aims to enhance operational efficacy and market confidence in debt securities.
Practitioners working with corporate finance must be well-acquainted with these regulations to assist listed entities in navigating the complexities of NCD issuance, ensuring adherence to all compliance obligations.
