SEBI (Issue Of Capital And Disclosure Requirements) (Amendment) Regulations, 2026

Securities and Exchange Board of India (‘SEBI’) has notified the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2026 by way of Notification No. SEBI/LAD-NRO/GN/2026/299, dated March 16, 2026 (‘Amendment’), thereby amending the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘ICDR Regulations’). The key changes introduced by the Amendment are as follows:

i. Lock-in Mechanism for Specified Securities: The Amendment to Regulation 17 provides that where a lock-in of specified securities cannot be created, the depositories should, upon receipt of instructions from the issuer, record such securities as ‘non-transferable’ for the duration of the applicable lock-in period;