Clarification7 Nov 2026, 02:30 pm
Ushakiran Finance: SEBI Municipal Debt Rules Not Applicable
AI Summary
Ushakiran Finance Limited has clarified 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, 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 for Ushakiran Finance to open an escrow account or create a lien for the quarter ended September 30, 2026. The company has requested this information be taken on record.
Key Highlights
- Company confirms no issuance of municipal debt securities.
- SEBI regulations on municipal debt securities are not applicable.
- No escrow account or lien creation required.
- Clarification pertains to the quarter ending September 30, 2026.
Price Impact
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