Sebi has started review of listing, disclosure norms

The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.

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Speaking at the Confederation of Indian Industries (CII) Financing Summit 2025, Pandey said that the revamp is at apreparatory stage and that a consultation paper can be expected “soon”. He did not provide a timeline to release the paper.

“That’s a big regulation and the process has begun. We will have lots of consultation and put out a consultation paper,” he said, adding that the scale of the exercise means “it will take some time”.

The Sebi LODR Regulations, 2015, mandate listed companies to meet specific corporate governance standards and make timely, transparent disclosures to the public and shareholders.