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of <h1>SEBI Updates Disclosure Rules: New Requirements for Dematerialized Securities, Including Non-Disclosure and Fully Diluted Shares</h1> The Securities and Exchange Board of India (SEBI) issued a circular modifying the disclosure requirements for the holding of specified securities in dematerialized form. Amendments to the shareholding pattern formats include the disclosure of Non-Disclosure Undertaking, other encumbrances, and fully diluted shares. Additionally, a footnote was added to Table II regarding promoters with nil shareholding. These changes aim to enhance transparency and will be effective from the quarter ending June 30, 2025. Stock exchanges and depositories are instructed to update their systems and inform listed companies of these updates.
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