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of <h1>Regulation 167A permits promoters to pledge locked-in securities as loan collateral, maintaining the lock-in period.</h1> Regulation 167A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, allows promoters to pledge locked-in specified securities, excluding SR equity shares, as collateral for loans from certain financial institutions. These loans must be for financing the issuer's projects, and the pledge of securities must be a loan condition. Despite the pledge, the lock-in period remains in effect, and the entity invoking the pledge cannot transfer the securities until the lock-in period expires. This regulation was introduced via a notification in January 2022.
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