CIRCULAR
SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/001 January 5, 2023
To,
Issuers who have listed Non-convertible Securities
Recognised Stock Exchanges
Madam/ Sir,
Sub: Limited relaxation – dispatch of physical copies of financial statements etc.
– Regulation 58 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
1. SEBI vide Circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020
had inter-alia, relaxed certain provisions of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (Listing Regulations) related to
dispatch of hard copy of Annual Report to debenture holders, pursuant to
relaxations granted by the Ministry of Corporate Affairs (MCA). Thereafter, vide
Circular no. SEBI/HO/DDHS/P/CIR/2022/0063 dated May 13, 2022, the said
relaxations were extended till December 31, 2022.
2. MCA vide Circular dated December 28, 2022 has, inter-alia, now extended the
relaxations from dispatching of physical copies of financial statements due in the
year 2023 (i.e. till September 30, 2023).
3. Considering the above, it has been decided to relax up to September 30, 2023,
the requirements of Regulation 58 (1)(b) of the Listing Regulations which
prescribes that an entity with listed non-convertible securities shall send a hard
copy of statement containing the salient features of all the documents, as specified
in Section 136 of Companies Act, 2013 and rules made thereunder to those
holders of non-convertible securities who have not registered their email
address(es) either with the listed entity or with any depository.
4. This Circular shall come into force with immediate effect. The Stock Exchanges
are advised to bring the provisions of this circular to the notice of all entities with
listed non-convertible securities and disseminate on their websites.
5. The Circular is issued in exercise of the powers conferred under Section 11(1) of
the Securities and Exchange Board of India Act, 1992 read with Regulation 101 of
the Listing Regulations.
Yours faithfully,
Pradeep Ramakrishnan
General Manager
Department of Debt and Hybrid Securities
+91 – 022 2644 9246
pradeepr@sebi.gov.in
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