Clarification13 May 2026, 04:41 pm

Ushakiran Finance: No Municipal Debt Securities Issued

AI Summary

Ushakiran Finance Ltd clarifies that it has not issued any municipal debt securities or other instruments. Consequently, the provisions of SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, along with SEBI Circular No. 2015/SEBI/HO/DDHS/CIR/P/134/2019 dated 13.11.2019, are not applicable to the company. Therefore, there is no requirement to open an escrow account or create a lien.

Key Highlights

Ushakiran Finance confirms non-issuance of municipal debt securities.
SEBI regulations on municipal debt securities are not applicable.
No requirement to open an escrow account.
No need to create a lien as per SEBI guidelines.

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USHAKIRA

Non Banking Financial Company (NBFC)

USHAKIRAN FINANCE LTD.

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