Extended compliance period for large corporates who have issued debt securities to the extent of 25% of their incremental borrowings in a financial year

SEBI vide circular dated March 31, 2023 has extended the compliance period for large corporates who have issued debt securities to the extent of 25% of their incremental borrowings in a financial year. It has been decided that the contiguous block of two years over which large corporates need to meet the mandatory requirement of raising minimum 25% of their incremental borrowings in a financial year through issuance of debt securities will be extended to a contiguous block of three years (from the present requirement of two years) reckoned from FY 2021-22 onwards.