SEBI has amended Regulation 62-A of its LODR Regulations, changing how issuers must list non-convertible debt securities (NCDs). The SEBI LODR amendment, notified on October 12, 2026 and effective October 14, replaces the earlier provision with a single listing obligation.
The instrument is the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026, dated 14 October 2026, according to an SCC Times analysis published on October 21, 2026.
What Changes in Regulation 62-A for NCD Listing?
Regulation 62-A(1) is substituted, while sub-regulations (2) and (3) are omitted. The core rule is that entities whose NCDs are listed on or after the date of publication of the amendment must list all NCDs they issue after that initial listing.
SCC Times says the change simplifies the framework and leaves one operative listing obligation, which may make compliance monitoring easier. The article does not reproduce the full substituted text, so the exact wording of the new obligation, and the precise reference point for “after” listing, could not be confirmed from that source. Issuers should read the notified regulation directly.
Who Is Affected by the SEBI LODR Amendment?
The amendment matters to issuers of listed NCDs, debt-listed companies, compliance officers, merchant bankers and market intermediaries. Companies planning a first NCD listing should factor in the requirement to list subsequent issuances as well.
Market and Trade Reaction
No market reaction, trade body comment or SEBI press statement on this specific amendment was found in the sources reviewed.
What Happens Next?
The amendment is already in force from October 14, 2026. Debt issuers and their advisers should review current and planned NCD programmes against the revised Regulation 62-A and watch for any SEBI circular or FAQ clarifying the scope.
Frequently Asked Questions
What did SEBI change in the LODR Regulations?
SEBI substituted Regulation 62-A(1) and omitted sub-regulations (2) and (3), which govern listing of non-convertible debt securities.
When did the amendment take effect?
It was notified on 12 October 2026 and is effective from 14 October 2026.
Who must comply?
Entities whose NCDs are listed on or after the publication date must list all NCDs they issue after that initial listing.
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