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of <h1>SEBI Mandates Industry Standards for KPI Disclosure in Offer Documents Effective April 2025, Aligning with ICDR Regulations 2018.</h1> The circular issued by SEBI mandates the adoption of industry standards for disclosing Key Performance Indicators (KPIs) in draft offer documents and offer documents, in line with SEBI's ICDR Regulations, 2018. These standards were developed by the Industry Standards Forum, comprising representatives from ASSOCHAM, CII, and FICCI, under the guidance of stock exchanges. Issuer companies and merchant bankers must comply with these standards for documents filed on or after April 1, 2025. Stock exchanges are instructed to inform stakeholders and ensure adherence to these requirements. The circular is issued under SEBI's regulatory powers and is accessible on SEBI's website.
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