Dear Sir \ Madam,
The Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2025/009 dated January 28, 2025, regarding Format of Due Diligence Certificate to be given by the Debenture Trustees (DTs).
As per circular, in case of unsecured debt securities, at the time of filing the draft offer document and at the time of filing of listing application, Issuer shall submit a due diligence certificate obtained from the Debenture Trustee as per the format specified in the afore said circular.
This circular shall be applicable with immediate effect.
The aforesaid circular is attached for reference.
Issuers who have listed and/ or propose to list Debt Securities or Municipal Debt Securities are requested to take note and comply accordingly.
Manu Thomas Kunal Borkar
Addl. General Manager Manager
Listing Compliance Listing Compliance |