Summary: The Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026, through Notification No. SEBI/LAD-DOP/2026/329 dated 12 October 2026. The amendment modifies Regulation 62A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the listing of non-convertible debt securities. The amended provision applies to listed entities whose non-convertible debt securities are listed on or after the date of publication of the Third Amendment Regulations, 2026, in the Official Gazette. Such entities are required to list all non-convertible debt securities issued after the date of that listing on the stock exchange or exchanges.
The amendment substitutes Regulation 62A(1) and omits sub-regulations (2) and (3). Consequently, the operative provision establishes a mandatory listing requirement for subsequent issuances of non-convertible debt securities by entities falling within its specified scope. The requirement is linked to the date on which the entity’s non-convertible debt securities are listed, rather than being expressed as a universal obligation applicable to every issuer irrespective of its listing position. The omission of the two existing sub-regulations also changes the structure of Regulation 62A, leaving the substituted sub-regulation (1) as the operative text under this provision.
The regulations have been issued under Sections 11, 11A(2) and 30 of the SEBI Act, 1992, read with Section 31 of the Securities Contracts (Regulation) Act, 1956. They come into force on the date of publication in the Official Gazette. The amendment is relevant to issuers of listed non-convertible debt securities, their compliance teams and market intermediaries responsible for ensuring compliance with SEBI’s listing requirements. Affected entities should assess subsequent debt issuances against the revised Regulation 62A and ensure that the prescribed listing obligation is fulfilled.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 12th October, 2026
Securities And Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026
No. SEBI/LAD-DOP/2026/329.— In exercise of the powers conferred by section 11, section 11A(2) and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:-
1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ─
I. in regulation 62A,
a. sub-regulation (1) shall be substituted with the following, namely, –
“(1) A listed entity, whose non-convertible debt securities are listed on or after the date of the publication of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026, shall list all those non-convertible debt securities issued by it after the date of such listing, on the stock exchange(s).”
b. sub-regulation (2) shall be omitted.
c. sub-regulation (3) shall be omitted.
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./392/2026-27]
Note: The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 were published in the Gazette of India on 2nd September 2015 vide notification no. SEBI/LAD-NRO/GN/2015-16/013 and were last amended on 14th July 2026 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2026 vide notification no. SEBI/LAD-NRO/GN/2026/312.
