2025-03-20
The Securities and Exchange Board of India (SEBI) has partially modified the shareholding pattern disclosure formats under its Master Circular to enhance transparency for investors. Listed entities are now required to disclose details of Non-Disposal Undertakings, other encumbrances, and total shares on a fully diluted basis, while stock exchanges and depositories must update their systems and regulations accordingly. These revised disclosure requirements come into force effective from the quarter ending June 30, 2025.