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<h1>SEBI Updates Filing Requirements for Draft Letters of Offer Under SAST Regulations 2011, Aligns with Companies Act 2013.</h1> The Securities and Exchange Board of India (SEBI) issued a circular revising the requirements for filing draft letters of offer (DLOF) under the Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The changes align with record-keeping provisions of the Companies Act, 2013, and affect offers filed after the circular's date. Amendments include omitting certain clauses and updating compliance and capital structure reporting requirements for the acquirer and promoter group over the current and preceding eight financial years. The circular mandates adherence to the revised format and instructions for DLOF submissions.