Commercial Handbook on SEBI (LODR) Regulations 2015 By Corporate Professionals Edition August 2026

This third edition of the Handbook on the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, updated through August 2026, serves as a comprehensive and practical reference for professionals, company secretaries, compliance officers, legal practitioners, corporate advisors, academicians, and students dealing with securities laws and listed entity compliance in India. The book brings together the updated SEBI (LODR) Regulations, 2015 along with relevant regulatory guidance, making it an essential resource for understanding and implementing the disclosure and governance framework applicable to listed companies.

The publication includes the updated SEBI (LODR) Regulations, 2015 together with:
• References to relevant SEBI Master Circulars and Circulars
• Extracts of relevant FAQs issued by SEBI
• Extracts of relevant clarifications and FAQs issued by stock exchanges
• Industry Standards issued by ISF
• Referenced provisions of other laws
• References to relevant informal guidance issued by SEBI
• Master Circulars, Circulars, Formats, and Informal Guidance
• Industry Standards issued by ISF for “Market Rumours”, “Regulation 30”, “BRSR Core” and “RPT Industry Standards”
• A concise reference on Corporate Governance, Disclosures, and Compliances

This edition is particularly suitable for:
• Company secretaries and compliance professionals responsible for listed entity compliance
• Legal practitioners and corporate advisors handling securities law matters
• Directors, key managerial personnel, and governance professionals overseeing disclosure obligations
• Finance professionals, auditors, and consultants involved in regulatory compliance

Designed as a practical and up-to-date handbook, this edition provides a structured reference to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, supported by important circulars, industry standards, and compliance guidance, making it a valuable resource for regulatory compliance and corporate governance.

Mr. Ankit Singhi has 20 years of experience providing advisory services in Corporate Laws, Due Diligence, Acquisitions, IPO, Corporate Governance, Foreign Exchange Laws, and Business Setup, among others. He leads the Corporate Affairs & Compliances Team of the Group and plays a pivotal role in providing value-added services to a significant number of large and medium-sized listed and unlisted clients. Additionally, he possesses sound IT knowledge and has been instrumental in successfully conceptualizing and creating innovative websites for the Group. He has acted as a guest speaker at various prestigious forums such as ICSI,

Mr. Manoj Kumar possesses over two decades of experience in M&A, Transaction Advisory, Valuations and Investment Banking. He is Partner & Head of the M&A, Transactions and Investment Banking Team of the Group. Manoj possesses exceptional financial skills coupled with in-depth understanding of corporate legal matters. He has successfully conceptualized and managed approximately 600 mergers/demergers.

Mr. Nitesh Latwal (ACS) is a Commerce and Law Graduate and Member of the ICSI. He has to his credit 15 years of experience. He has been mainly dealing with Corporate Advisory, Opinions, Streamlining the Complexities in Transactions. He has also been conducting Compliance Audit covering all laws including Industrial & Labour Laws, etc.

Mr. Sanchit Vijay, Bachelor of Commerce with Honours is a Chartered Accountant and a Certified Public Accountant (CPA) from Ireland. Furthermore, he possesses Diploma in Strategic Management from London School of Economics and Political Science. He has also attained Certifications in ‘Mutual Funds’ and ‘Equity Derivative’ from NSE Academy. Besides, he is an IBBI Registered Valuer for Securities and Financial Assets. He is presently Director of Corporate Professionals (Valuation) Services Pvt. Ltd. and Head – Deals & Valuations Services Earlier he served as Associate Consultant (Data and Analytics), Infosys Limited and as Equity Research Analyst at CapGrow Capital Advisors LLP.

Mr. Shivam Singhal (ACS, B.Com), Principal Associate- Research, Corporate Professionals is a Commerce Graduate and Member of ICSI possesses more than 10 years’ experience in academics. He has written several articles published in ICSI and ICAI journals. He has also won case study competitions three times, with his work published in ICSI journal. He acted as a guest speaker at various ICSI Chapters. He made a significant contribution in the drafting of the syllabus of ICSI curriculum (Syllabus 2017). He won the 15th All India Company Law Quiz organized by ICSI in 2015 at regional level & qualified for the national level. He has been the Chairman of the Modinagar Chapter of ICSI in 2021. He conceptualized and designed publications of Corporate Professionals.

Mr. Vinod Kumar Aggarwal possesses rich and diverse experience of over 50 years, with a forte in Company Law. He currently heads the Research Division of the Group. Previously, he served as the Principal Director of Academics, Professional Development and Publications and Director of Studies and Research at ICSI. Additionally, he held various positions, such as Dean at ICSI-Centre of Corporate Research and Training in Navi Mumbai, Officiating Secretary and Principal Advisor to ICSI. He was Member of various committees/Expert Groups set up by MCA, SEBI.

Ms. Anjali Aggarwal, an accomplished professional possesses 23 years’ experience of advising listed companies, undertaking different types of Merchant Banking, Stock Exchange and SEBI related matters. She has been an integral part of the CP Group for the last two decades, holding the position of Partner & Head-Capital Market Services. She has provided innovative solutions to various sectors such as Microfinance, Hospitality, Pharma, E-Commerce, Infra, Auto Ancillary and more.

Ms. Mohini Varshneya possesses over 19 years of expertise in providing end-to-end solutions for all kinds of share-based employee benefit plans, along with offering in-depth advisory, opinions, educational and technical sessions to the Board and other employees on Insider law matters. Mohini is currently heading the ESOP and SEBI Insider laws compliance Division of the Group. She played a key role in developing Web-based Techno-Legal Applications – ESOP Guardian (to manage ESOPs) & Insilysis (to comply with SEBI (Prohibition of Insider Trading) Regulations, 2015).