CIRCULAR
SEBI/HO/DDHS/P/CIR/2022/0063 May 13, 2022
To,
Issuers who have listed Non-convertible Securities; and
Recognised Stock Exchanges
Madam/ Sir,
Sub: Relaxation from compliance with certain provisions of the 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/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021, the
said relaxations were extended till December 31, 2021.
2. Subsequently, MCA vide Circular dated May 5, 2022, has extended the relaxations
from dispatching of physical copies of financial statements for the year 2022 (i.e.
till December 31, 2022).
3. Considering the above, it has been decided to provide relaxation up to December
31, 2022, from 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
Page 1 of 1