SEBI Sets 24-Hour Deadline for Listed Entities to Share Info With Debenture Trustees

Notification F. No. SEBI/LAD-NRO/GN/2025/270, Dated: 22.10.2025

1. Amendment to Regulation 56(1) of LODR Regulations, 2015

The Securities and Exchange Board of India (SEBI) has amended Regulation 56(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This amendment aims to ensure greater transparency, accountability, and timely flow of information between listed entities and debenture trustees.

2. Revised Timeline for Forwarding Documents

Under the revised framework, listed entities are now required to:

• Forward documents and information to debenture trustees as soon as possible, and
• In any case, within twenty-four hours from the occurrence of the event or from the receipt of such information, unless a different timeline is specified elsewhere.

Earlier, the regulation only required such documents and information to be shared “promptly”, without prescribing a specific time frame.

3. Objective and Impact of the Amendment

The introduction of a specific 24-hour deadline brings greater clarity and consistency in compliance expectations. It will:

• Ensure quicker dissemination of material information to debenture trustees,
• Enable trustees to monitor investor protection covenants more effectively, and
• Strengthen overall governance and information flow in the corporate debt market.

4. Compliance Expectation for Listed Entities

Listed entities must review their internal processes to ensure:

• Immediate identification of relevant events,
• Streamlined information flow between compliance and finance teams, and
• Timely communication to debenture trustees within the prescribed 24-hour period.

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