The Securities and Exchange Board of India (“SEBI”) has introduced amendment in SEBI Listing Obligation and Disclosure Requirements (“LODR”) Regulations, 2015 through SEBI (LODR) (Third Amendment) Regulations, 2025. The update has been in effect since September 8, 2025.
Key Highlights of the Amendment:
- Listed entities must issue securities pursuant to any scheme of arrangement or any subdivision, split or consolidation of securities only in the dematerialised form.
- Listed entities must open a separate demat account for such securities of investors not having a demat account.
- In case of differences in signature (major/minor) of the transferors, the listed entities are no longer required to maintain proof of delivery in their records
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Source: Securities and Exchange Board of India
