The Securities and Exchange Board of India (SEBI), June 10, 2024, notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2024 to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The following has been stated-
•In regulation 52, in sub-regulation (8),
oIn the proviso, the symbol “.” shall be substituted by the symbol “:”;
oAfter the proviso, the following shall be inserted, namely, “Provided further that listed entities may publish only a window advertisement in the newspapers that refers to a Quick Response Code and the link of the website of the listed entity and stock exchange(s), where such financial results are available and capable of being accessed by the investors subject to the following conditions:
i.For non-convertible securities outstanding as on the date of notification of this proviso, the listed entity has obtained the prior approval from the debenture trustee;
ii.In case of any issuances after the date of notification of this proviso, the listed entity shall either make a disclosure in the offer document regarding the window advertisement in the newspapers or obtain prior approval from the debenture trustee.
[Notification No. SEBI/LAD-NRO/GN/2024/189]
