Clarification20 Jul 2026, 03:37 pm
Ushakiran Finance: SEBI Municipal Debt Rules Not Applicable
AI Summary
Ushakiran Finance Ltd has clarified that it has not issued any municipal debt instruments or other instruments. Consequently, the provisions of SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, read with SEBI Circular No. SEBI/HO/DDHS/CIR/P/134/2019 dated 13.11.2019, are not applicable to the company. This means there is no requirement to open an escrow account for the quarter ended June 30, 2026. The company has requested this information be taken on record.
Key Highlights
- Company confirms no issuance of municipal debt instruments.
- SEBI regulations on municipal debt securities are not applicable.
- No escrow account required for the quarter ending June 30, 2026.
- This is a regulatory clarification regarding debt issuance compliance.
Price Impact
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