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of <h1>SEBI sets strict timelines for issuers to share security cover and guarantee details with debenture trustees</h1> SEBI prescribes timelines for issuers of listed or proposed-to-be-listed debt securities to furnish information to debenture trustees to facilitate continuous due diligence. Issuers must submit, within 60 days of each quarter-end (75 days for the last quarter), a security cover certificate in the prescribed format. Half-yearly, within 60 days, issuers must provide statements of value of pledged securities, Debt Service Reserve Account or other security, and net worth certificates of personal guarantors. Annually, within 60 days, financials or valuations of corporate guarantors must be submitted. Valuation and title search reports for immovable/movable assets are required once every three years. The circular applies from the quarter ending December 31, 2025.
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