CIRCULAR
SEBI/HO/CFD/DCR1/CIR/P/2025/0034 March 20, 2025
To
All Listed Entities
All Recognised Stock Exchanges
Dear Sir/ Madam,
Sub.: Online Filing System for reports filed under Regulation 10(7) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
1. As per Regulation 10(7) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (“Takeover Regulations”), an acquirer is required
to submit a report along with supporting documents and non-refundable fee to
SEBI in respect of any acquisition of or increase in voting rights pursuant to certain
exemptions provided for in Regulation 10. Presently, these reports are submitted
through email at cfddcr@sebi.gov.in.
2. In order to facilitate ease of operations in terms of submission and processing of
these reports, it has been decided to introduce an online system for filing of these
reports through SEBI Intermediary Portal (SI Portal) at https://siportal.sebi.gov.in.
3. Accordingly, in the first phase, it has been decided to enable filing of two reports
under Regulation 10(7), in respect of exemptions provided for in Regulation
10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations, through SI Portal.
Filing of reports in respect of other exemptions provided for in Regulation 10 shall
continue as per the existing system of filing, i.e., through email.
4. The mechanism for filing reports under Regulation 10(7) in respect of exemptions
provided for in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover
Regulations shall be as follows:
4.1. Filing of reports through SI Portal in respect of exemptions provided for in
Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations
shall run in parallel with the existing system of filing these reports through
email;
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4.2. The simultaneous filing of these reports through e-mail and SI Portal shall
commence from the date of issuance of this circular and the same shall
continue till May 14, 2025;
4.3. With effect from May 15, 2025, only the online system for filing these reports
through SI Portal shall be the permissible mode for compliance with
aforesaid Regulations;
4.4. From the date of issuance of this circular, payment of fees in respect of these
two reports shall be enabled through SI Portal and the process of filing these
two reports shall be complete only upon payment of fees through SI Portal.
Accordingly, payment of fees through the link available on SEBI website
(https://eservices.sebi.gov.in/paymentmodule) shall not be available in
respect of these two reports;
4.5. In case of any queries or clarifications regarding filing of these reports or
related fees, Portal Helpline may be contacted at +9122-2644-9364 or
portalhelp@sebi.gov.in.
5. The provisions of this circular shall come into effect from the date of this circular.
6. This 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 the
aforementioned regulations of Takeover Regulations, to protect the interests of
investors in securities and to promote the development of and to regulate the
securities market.
7. This circular is available on SEBI website at www.sebi.gov.in under the category
“Legal  Circulars”.
Yours faithfully,
Srishti Ambokar
Deputy General Manager
+91-22-26449354
srishtijc@sebi.gov.in
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