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<h1>SEBI Issues New Guidelines for Disclosures in Buyback Offer Letters Under SEBI (Buy Back of Securities) Regulations, 1998.</h1> The circular from SEBI addresses guidelines for disclosures in the letter of offer related to the buyback of securities under the SEBI (Buy Back of Securities) Regulations, 1998. It emphasizes the need for companies to make specified disclosures in their offer letters, as outlined in Schedule III of the regulations. SEBI has developed a standard format for these letters, incorporating both required and additional disclosures, to ensure shareholders receive comprehensive information. Merchant bankers are instructed to use this standard format when preparing draft letters of offer, and the format is available on SEBI's website for reference.