SEBI amends LODR Regulation 62A to mandate listing of subsequent non-convertible debt securities by specified entities, enhancing investor access and disclosure.
SEBI Makes Listing of Non-Convertible Debt Securities Mandatory
The Securities and Exchange Board of India (SEBI) has amended Regulation 62A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through its Third Amendment Regulations, 2026. The revision mandates that certain listed entities must list all subsequent issuances of non-convertible debt securities on recognized stock exchanges.
This amendment targets improved market transparency and liquidity for debt instruments. By requiring mandatory listing, SEBI aims to ensure wider investor access, better price discovery, and enhanced disclosure obligations for issuers. The rule applies to specified classes of listed entities, particularly those with significant public debt holdings or repeated fundraising through non-convertible debentures.
For legal and compliance teams, this change necessitates early coordination between issuers and stock exchanges during debt issuance planning. It also reinforces the trend towards greater integration of the corporate bond market with public trading platforms, aligning with SEBI’s long-term vision of deepening India’s debt capital markets.
Citations
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Reg. 62A

