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    <title>Clarifications with respect to circular on “Specifications related to International Securities Identification Number (ISINs) for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008”</title>
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    <description>Issuers may reissue additional debt securities under the same ISIN following exercise of call/put options for the remaining maturity period, provided the aggregate count of outstanding ISINs maturing in the financial year does not exceed prescribed limits. Conversions of partly paid to fully paid instruments do not create additional ISINs. Specified exemptions are available to certain refinancing institutions and infrastructure debt funds subject to minimum maturity and are time limited; further issuances under the same ISIN must be disclosed upfront, and required statements must be submitted half yearly.</description>
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      <description>Issuers may reissue additional debt securities under the same ISIN following exercise of call/put options for the remaining maturity period, provided the aggregate count of outstanding ISINs maturing in the financial year does not exceed prescribed limits. Conversions of partly paid to fully paid instruments do not create additional ISINs. Specified exemptions are available to certain refinancing institutions and infrastructure debt funds subject to minimum maturity and are time limited; further issuances under the same ISIN must be disclosed upfront, and required statements must be submitted half yearly.</description>
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