The Bombay Stock Exchange (BSE) on February 07, 2025, issued a circular regarding clarification on fixing the Record Date under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The following has been stated: -
•SEBI has amended Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requiring listed entities to ensure a minimum gap of three working days between the Board/Shareholders' approval and the Record Date for corporate actions.
•This gap excludes the approval date and the Record Date. Additionally, Sub-Regulation 5, which required announcing book closure dates, has been omitted.
•Listed entities must comply with these updates.
The detailed circular is given in the document below.
[Circular No. 20250207-33]
