Quick summary
The Securities and Exchange Board of India (SEBI) has issued a Master Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities. This circular consolidates all relevant circulars issued till December 30, 2025.
Who is affected
The provisions of this Master Circular are applicable to:
- Listed entities that have listed their specified securities.
- Other stakeholders, including Statutory Auditors, Depository Participants, Registrar and Transfer Agents, Material Subsidiaries of listed entities, e-voting service providers, and certain industry associations.
What changes
The Master Circular updates and consolidates various circulars related to Listing Obligations and Disclosure Requirements (LODR) Regulations. It rescinds previous circulars to the extent they relate to compliance with the LODR Regulations but does not affect actions taken or penalties incurred under the rescinded circulars.
Action items
- Listed entities, recognized stock exchanges, depositories, and other stakeholders must comply with the provisions of this circular to the extent applicable.
- Recognized Stock Exchanges and Depositories are directed to bring the contents of this circular to the notice of all stakeholders and put in place necessary systems and infrastructure for monitoring and implementation.
Key dates-deadlines
- The Master Circular was issued on July 11, 2023, and last updated on January 30, 2026.
- No specific deadlines are mentioned in the provided source text.
Source reference
SEBI Circular ref HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026.