The Securities and Exchange Board of India (SEBI), at its 210th Board Meeting held on June 18, 2025, approved wide-ranging reforms to strengthen India’s capital market framework. These changes aim to resolve longstanding challenges, improve investor access, support startups, simplify disclosures, and enhance operational clarity across stakeholders. This article analyses the key approvals made by the Board, which include:
‣ Simplifying IPO Process – OFS, MPC, and ESOP Changes
‣ Wider Demat Mandate for Pre-IPO Stakeholders
‣ Streamlined QIP Disclosures for Listed Entities
‣ Special Framework for PSU Voluntary Delisting
‣ Expanded Framework for Social Stock Exchange (SSE)
‣ Debenture Trustees – Strengthened Role & Compliance Clarity
‣ Reporting and Allotment Norms Revised for REITs and InvITs
‣ New Co-Investment Scheme Framework for Category I & II AIFs
‣ Revised Framework for Angel Funds Under AIF Regulations
‣ Mandatory Dematerialisation for Certain Corporate Actions
