Underwriting devolvement statement format clarifies required fields and rejection reasons for underwriting obligations and timelines. Specifies the standard format for an underwriting devolvement statement requiring identification of the lead manager(s)/designated exchange, issuer, and issue size, plus a statement of non-acceptance of devolvement. Prescribes a table listing each underwriter with amount underwritten, amount devolved, date of any notice of devolvement, and reasons for not accepting devolvement, and notes the insertion and effective date by SEBI notification.