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<h1>Regulation 25: Pay Refixation Process on Promotion in SEBI Employee Regulations 2001 Explained</h1> The Securities and Exchange Board of India (Employees' Service) Regulations, 2001, under Regulation 25, outlines the pay refixation process upon an employee's promotion. Initially, an employee's pay is set at the minimum of the new higher grade scale. If this amount is less than the employee's previous substantive pay, the difference is considered personal pay. Upon confirmation in the higher grade, the employee's pay is adjusted to the next stage above their previous substantive pay, provided it exceeds the pay at confirmation.