New Delhi, Sebi on Friday amended the deadline for listed commercial paper entities to report the status of their payment obligations within one working day of the payment due date, bringing it in line with the reporting requirements for non-convertible securities. .

This step will increase transparency for stakeholders and ensure timely disclosures by entities.

SEBI said in its circular, LODR (Listing Obligations and Disclosure Requirements) rules require entities with listed non-convertible securities to report the status of their payment obligations (payment of interest or dividend or repayment or redemption of principal) within one working day. Make it mandatory for. Its payment is due.

Earlier, as per the rules, listed commercial paper issuers were required to submit a certificate confirming the fulfillment of their payment obligations within two days of payment becoming due.

Sebi said it has amended the rules to align the timelines for informing stock exchanges about the status of payment obligations for listed non-convertible securities and listed commercial paper.

This change will apply to entities reporting payments of interest, dividends, or redemption of principal amount.