Regulatory Alerts2026-04-07
Added · Updated
One-time relaxation with respect to validity of SEBI Observations
SEBI has granted a one-time relaxation extending the validity of its Observation letters for public issues, applicable to all registered merchant bankers, recognized stock exchanges, and entities proposing to list specified securities. Observation letters expiring between April 1, 2026, and September 30, 2026, will now be valid until September 30, 2026. This extension is subject to the Lead Manager providing an undertaking confirming compliance with Schedule XVI of the ICDR Regulations when submitting the updated offer document, and the circular is effective immediately.
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