The Company’s proposing to issue non-convertible debt securities are required to make disclosures in the offer document as per the requirement of Schedule I of SEBI NCS Regulation, 2021.
It is noted that in few of the issues, the issuers have given reference to a separate document with respect to few of the Schedule I disclosures (such as covenants including the accelerated payment covenants given by way of side letters).
As per SEBI directives, the issuers are requested to ensure that all the disclosures as per the regulatory requirement are included in the offer document itself and no reference of a separate document is given for the same.
Enclosed hereby the updated checklist for in-principle and Listing approval for listing of Non-Convertible Debt Securities (NCDs)/Non-Convertible Redeemable Preference Shares (NCRCPS)/ Perpetual Debt Instruments (PDIs)/ Perpetual Non-Cumulative Preference Shares (PNCPS)/Structured or Market linked securities (MLDs) to be issued on private placement basis.
In case of any queries, please reach out to us on debt.listing@bseindia.com
Hardik Bhuta
Assistant General Manager
Tuesday, 07 January 2025
|