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SEBI issued a circular mandating simplification of operational processes for non-convertible securities trading. The circular introduces two key modifications: (1) yield to price computation for securities traded on RFQ platform will be based on due payment dates without day count convention adjustments, and (2) mandatory disclosure of comprehensive cash flow schedules in centralized corporate bond database. Issuers must submit detailed payment information including due dates and payment dates according to day count convention. The new requirements will apply to prospective debt security issuances and existing listed securities with residual maturity, becoming effective from August 18, 2025. The directive aims to enhance transparency and standardize information disclosure in securities market transactions.