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ARTICLE · 21 APRIL 2025

General Newsletter, April 2025

ON MARCH 3, 2025, THE SECURITIES AND EXCHANGE BOARD OF INDIA ("SEBI") VIDE CIRCULAR NO. SEBI/LADNRO/GN/2025/233 INTRODUCED THE SEBI...

IndiaLitigation, Mediation & Arbitration

CAPITAL MARKET

ON MARCH 3, 2025, THE SECURITIES AND EXCHANGE BOARD OF INDIA ("SEBI") VIDE CIRCULAR NO. SEBI/LADNRO/GN/2025/233 INTRODUCED THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2025, ("SEBI ICDR REGULATIONS"). THE KEY AMENDMENTS ARE HIGHLIGHTED BELOW:

  1. The amendments introduced revised promoter lock-in requirements, which now reflect the actual use of issue proceeds. If the majority of fresh issue proceeds are intended for capital expenditure or related debt repayment, promoters must retain their minimum contribution for three years. In other cases, the lock-in period remains 18 months. Additionally, for excess promoter holdings related to capital expenditure, the lock-in period has been extended from six months to one year.

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