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The Securities and Exchange Board of India (SEBI) has approved a revamped framework for the transmission of securities aimed at making the process faster and simpler for legal heirs and claimants of deceased investors.

The decision was taken at the regulator`s board meeting held on 19 June 2026.

As part of the reforms, SEBI has introduced a new Quick Transmission Processing (QTP) category for small-value claims. The facility will apply to claims of up to Rs 10,000 for physical holdings and up to Rs 30,000 for dematerialised holdings, enabling such cases to be processed with minimal documentation.

The regulator has also doubled the limits for simplified documentation. For physical holdings, the threshold has been increased to Rs 10 lakh per listed company from Rs 5 lakh earlier. For dematerialised holdings, the limit has been raised to Rs 30 lakh per beneficial owner from Rs 15 lakh.

SEBI has introduced several measures to simplify documentation requirements. The submission of PAN has been removed from the transmission process, as PAN details are already available while opening demat accounts.

The regulator has also dispensed with the mandatory requirement of probate of will in line with recent amendments to succession laws. In addition, claimants will now be allowed to submit a combined affidavit-cum-no objection certificate (NOC) instead of separate documents.

To simplify verification, SEBI has permitted the use of death certificates carrying QR codes alongside original or attested copies of death certificates.

For death certificates issued in foreign jurisdictions, the regulator has specified additional verification mechanisms through overseas branches of Indian banks and foreign banks having correspondent banking relationships with Indian banks.

SEBI said the revised framework is expected to facilitate faster transmission of securities, reduce costs and ease procedural burdens for claimants.

The regulator added that the proposals were finalised after consultations with the Industry Standards Forum for Registrars to an Issue and Share Transfer Agents, the Association of Mutual Funds in India and other stakeholders.

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The Securities and Exchange Board of India (SEBI) has approved the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) mechanism to accelerate the launch of Alternative Investment Fund (AIF) schemes.

The decision was taken through amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 at the regulator`s board meeting held on 19 June 2026.

SEBI said the move is aimed at reducing launch timelines and enabling faster deployment of capital by AIFs. The initiative builds on the regulator`s earlier measures announced on 30 April 2026 to streamline scheme launches.

Under the GARUDA mechanism, the launch timeline for non-accredited investor schemes, excluding Large Value Funds (LVFs), Accredited Investor-only schemes and Angel Funds, has been reduced to 10 working days.

The regulator said the move will allow regular AIF schemes to reach the market faster than under the earlier framework.

SEBI has also exempted Accredited Investor-only schemes and Angel Funds from the requirement of filing the Private Placement Memorandum (PPM) through a merchant banker.

Such schemes will now be permitted to launch immediately upon obtaining SEBI registration or filing the PPM with the regulator.

SEBI said the framework is intended to improve ease of doing business, enhance efficiency in capital deployment and reduce time-to-market for AIF products.

The proposals were discussed by the Alternative Investment Policy Advisory Committee (AIPAC) and were finalised after a public consultation process.

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The Securities and Exchange Board of India (SEBI) has approved amendments to the SEBI (Mutual Funds) Regulations, 2026. The changes allow mutual funds to avail intraday borrowings to manage temporary liquidity mismatches during the day.

The decision was approved at the regulator`s board meeting held on 19 June 2026.

Under the revised framework, mutual funds will be permitted to use intraday borrowings to bridge funding gaps arising from differences in settlement timings. These include pay-in and pay-out mismatches across asset classes, foreign exchange settlements and mark-to-market (MTM) payments on derivative positions.

SEBI said the facility will be in addition to the existing provision that allows mutual fund schemes to borrow up to 20% of their net assets to meet unitholder payouts such as redemptions.

The regulator said intraday borrowings will be capped at the value of receivables expected during the day. Borrowings above this limit will be permitted only for meeting unitholder payout obligations as specified under the regulations.

Asset management companies (AMCs) will be required to ensure that all intraday borrowings are repaid by the end of the day. Any borrowing that rolls over into an overnight position must remain within the existing regulatory limits and be used only for purposes permitted under the regulations.

SEBI clarified that intraday borrowings cannot be used as a source of leverage. Mutual funds will also be required to maintain adequate documentation and adopt a policy governing the use of the facility, subject to approval by the AMC board and trustees.

The regulator said the proposal was finalised after public consultation in May 2026 and discussions with the Mutual Fund Advisory Committee (MFAC), industry associations and other stakeholders.

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The Securities and Exchange Board of India (SEBI) has approved amendments to the SEBI (Buy-back of Securities) Regulations, 2018, reintroducing open market buybacks through stock exchanges from 1 August 2026.

The decision was taken at the regulator`s board meeting held on 19 June 2026.

SEBI said the move follows changes in the taxation framework and feedback received from stakeholders. The amendments are aimed at providing greater flexibility in undertaking buybacks, reducing procedural complexity and strengthening investor protection.

Under the revised framework, companies will be able to undertake buybacks through the stock exchange route in addition to the existing tender offer and open market book-building routes.

The regulator said companies undertaking buybacks through stock exchanges will be required to complete the process within 66 working days from the opening of the buyback. At least 40% of the earmarked funds must be utilised during the first half of the buyback period.

SEBI has also mandated electronic dissemination of information relating to open market buybacks to shareholders, in addition to newspaper advertisements.

The regulator said open market buybacks through stock exchanges will be treated as normal trading transactions. Consequently, the requirement for a separate trading window and disclosure of the company`s identity as the purchaser on the trading screen has been removed.

To prevent inadvertent dealings during the buyback period, shares and other specified securities held by promoters and their associates will remain frozen at the ISIN level throughout the buyback period.

The amended framework also requires buybacks to comply with minimum public shareholding norms. Further, the interval between two buybacks has been aligned with the provisions of the Companies Act, 2013.

In a move aimed at reducing compliance costs and improving ease of doing business, SEBI has made the appointment of a merchant banker optional for companies undertaking buybacks. Where a merchant banker is not appointed, the related responsibilities will be handled by the company, compliance officer, statutory auditor, secretarial auditor and stock exchanges.

SEBI said the amendments are intended to streamline the buyback framework, improve operational efficiency and facilitate ease of doing business while strengthening investor protection.

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Max Healthcare Institute has fixed 03 July 2026 as record date for determining the members entitled to receive the final dividend for the financial year 2025-26, if approved.

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Nestle India has fixed 10 July 2026 as record date for determining entitlement of the members to the final dividend for the financial year 2025-26 and special dividend 2026, if any.

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Welspun Corp has fixed 30 June 2026 as record date for payment of dividend for FY 2026. The dividend, if approved, shall be paid on or after 20 July 2026.

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Artemis Medicare Services has fixed 10 July 2026 as record date for purpose of final dividend.

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PTL Enterprises has fixed 10 July 2026 as record date for payment of final dividend.

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Ugar Sugar Works has fixed 29 July 2026 as record date for purpose of payment of final dividend for FY 2025-26.

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BSE Index Services, a wholly owned subsidiary of BSE, has launched the BSE Saatvik 100 Index, India`s first Saatvik-themed equity index.

The index comprises 100 companies from the BSE 500 universe that align with Saatvik principles. It has a base value of 1,000, with 20 June 2005 as the first value date, and will be reconstituted semi-annually in June and December.

As of 29 May 2026, the BSE Saatvik 100 Index has delivered annualised total returns of 12.22% over the last three years, 11.11% over five years and 13.70% over 10 years.

Ashutosh Singh, managing director and chief executive officer of BSE Index Services, said the launch reflects growing investor interest in aligning investment decisions with ethical, cultural and philosophy-driven considerations alongside traditional financial metrics.

He added that the index provides a credible foundation for developing passive and structured investment products aligned with Saatvik principles.

According to BSE, the index can be used for passive investment strategies such as exchange-traded funds (ETFs) and index funds. It can also serve as a benchmark for portfolio management services (PMS), mutual fund schemes and investment portfolios.

BSE Index Services, formerly known as Asia Index, manages and publishes a range of indices, including the benchmark Sensex, for domestic and global investors.

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SEBI has proposed a review of the Margin Trading Facility (MTF) framework to strengthen risk management and improve operational efficiency for brokers amid rising margin-funded trading volumes.

The regulator has proposed increasing the minimum net-worth requirement for brokers offering MTF to Rs 5 crore from Rs 3 crore. It has also suggested allowing brokers structured as limited liability partnerships (LLPs) to offer the facility.

SEBI has proposed expanding funding avenues for brokers by permitting borrowing through non-convertible debentures (NCDs) and other debt instruments.

The regulator has also proposed revising exposure limits. Under the proposal, MTF exposure would not exceed borrowed funds and available net worth. A portion of the broker`s capital would remain ring-fenced for core broking operations, while the remaining net worth could be deployed for MTF within prescribed limits.

Further, SEBI has proposed allowing all forms of collateral accepted by clearing corporations in the cash market to be used for MTF transactions. It has also suggested fungibility between clients` regular trading and MTF accounts, enabling easier transfer of excess funds and securities.

In addition, brokers may get a 30-day window to rebalance positions if securities funded under MTF lose their eligibility status.

SEBI said the review was necessitated by the growing volumes of trades under the MTF segment. The regulator has invited public comments on the proposals until 9 July 2026 before finalising the revised framework.

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DCM Shriram International has fixed 06 July 2026 as record date for purpose of determining the members entitled to receive dividend for the financial year 2025-26.

Ratnamani Metals & Tubes has fixed 11 August 2026 as record date for purpose of payment of dividend, if declared.

NSE Indices has announced the exclusion of Taj GVK Hotels & Resorts from the Nifty India Corporate Group Index - Tata Group, effective 30 June 2026. The change will take effect at the close of trading on 29 June 2026.

According to a decision taken by the Index Maintenance Sub-Committee (Equity) of NSE Indices, Taj GVK Hotels & Resorts will be removed from the index. No replacement stock will be added following the exclusion.

The index provider said no changes have been made to the Nifty India Corporate Group Index - Aditya Birla Group, Nifty India Corporate Group Index - Mahindra Group, Nifty India Select 5 Corporate Groups (MAATR), and Nifty Conglomerate 50 indices.

NSE Indices, a subsidiary of the National Stock Exchange, manages a wide range of benchmark, sectoral, thematic, strategy and customised indices under the Nifty brand.

NSE Indices, a subsidiary of the National Stock Exchange, has launched two new thematic indices - Nifty Sugar & Ethanol and Nifty Small Finance Banks & Microfinance Institutions (MFIs) - to track the performance of key sectors within the Indian economy.

The Nifty Sugar & Ethanol Index comprises 15 stocks from the FMCG sector that are directly engaged in sugar or ethanol manufacturing and production. The index is designed to track the performance of the largest eligible companies based on six-month average free-float market capitalisation.

The Nifty Small Finance Banks & Microfinance Institutions Index includes 10 listed small finance banks and microfinance institutions and aims to capture the performance of the most liquid stocks in the segment.

For both indices, the weight of each constituent is based on free-float market capitalisation, subject to a maximum cap of 15% per stock. The indices have a base date of 31 March 2021 and a base value of 1,000.

As of 29 May 2026, the Nifty Sugar & Ethanol Index delivered a total return of 18.98% since inception (31 March 2021). Over the past five years, the index generated a total return of 11.24%. However, it declined 9.42% on a one-year basis.

The Nifty Small Finance Banks & Microfinance Institutions Index posted a total return of 5.37% since inception (31 March 2021). The index delivered a one-year return of 14.79%, while its five-year return stood at 7.07%.

The indices will be reconstituted semi-annually and rebalanced quarterly in March, June, September and December. NSE Indices said the benchmarks are expected to support the development of passive investment products such as exchange-traded funds (ETFs), index funds and structured products, while also serving as reference benchmarks for asset managers.

ZF Commercial Vehicle Control System India has fixed 24 June 2026 as record date for purpose of issue of bonus shares in ratio of 5:1.

Team Lease Services has fixed 03 July 2026 as record date for buyback of shares.

West Coast Paper Mills has fixed 10 August 2026 as record date for purpose of dividend. The dividend, if approved, shall be paid on or after 21 August 2026.

Sumitomo Chemical India has fixed 17 July 2026 as record date for the purpose of ascertaining eligibility of the shareholders for payment of dividend at the rate of Rs 1.30 per share.

The Securities and Exchange Board of India (SEBI) has issued a new framework for exchange-traded funds (ETFs), revising norms related to base price determination, price bands, pre-open call auctions and close-out procedures.

The regulator said the changes are aimed at addressing issues arising from the one-day lag in ETF base prices and the mismatch between existing price bands and movements in underlying assets.

Under the new framework, the base price for ETFs will be the previous day`s closing price, calculated as the last 30-minute volume weighted average price (VWAP). If no trades occur during the last 30 minutes, the last traded price will be used. If there are no trades on the previous day, the latest available net asset value (NAV) will serve as the base price.

SEBI said stock exchanges and mutual fund houses should work towards using the previous day`s closing NAV as the base price from 1 April 2027.

For equity ETFs and debt ETFs, excluding overnight and liquid ETFs, SEBI has introduced dynamic price bands. The initial price band will be set at 10% and can be expanded up to 20% after a 15-minute cooling-off period if prices hit the upper or lower thresholds.

The regulator said the revised norms were finalised after recommendations from stock exchanges, discussions in SEBI`s Secondary Market Advisory Committee and feedback received through public consultation.

The new framework is intended to improve price discovery, align ETF trading mechanisms more closely with underlying asset movements and enhance market efficiency.

Pilani Investment & Industries Corporation has fixed 06 July 2026 as record date for the purpose of determining the entitlement of Members to receive the aforesaid dividend for the financial year ended 31 March 2026.

J K Cements has fixed 10 July 2026 as record date for determining the entitlement of shareholders to the final dividend for the financial year 2025 -26.

Dynamic Cables has fixed 10 July 2026 as record date for the purpose of determining the member`s eligible to receive the dividend for the financial year ended 31 March 2026.

Balaji Amines has fixed 03 July 2026 for determining entitlement of Members to final dividend for the financial year ended 31 March 2026.

Raymond Realty has fixed 03 July 2026 as record date for payment of dividend of Rs 2 per equity share for FY 2026.

Kajaria Ceramics has fixed 29 June 2026 as record date for the purpose of determining the entitlement and name of shareholders of the Company, who will be eligible to participate in the Buyback.

NSE Indices, the index services subsidiary of the National Stock Exchange (NSE), has launched 11 new sectoral indices to broaden coverage of India`s evolving economy and provide more granular benchmarks for investors.

The newly launched indices are Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance and Nifty Insurance.

With the addition of these indices, the total number of sectoral indices under the Nifty umbrella has increased to 34.

NSE Indices said the expanded suite is designed to offer deeper representation across both established and emerging sectors of the economy. The new indices are expected to serve as performance benchmarks for asset managers and could form the basis for passive investment products such as exchange-traded funds (ETFs), index funds and structured products.

The launch comes amid rising investor interest in sector-specific investment strategies and the growing adoption of passive investment vehicles in India.

NSE Indices, a subsidiary of NSE, manages a wide range of indices under the Nifty brand, including the benchmark Nifty 50. Its offerings span broad-market, sectoral, thematic, strategy, fixed-income and customised indices that are widely used by investors, fund managers and market participants in India and overseas.

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EIH Associated Hotels has fixed 28 July 2026 as record date for final dividend for FY 2026. The dividend will be paid on or before 31 August 2026.

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JSW Infrastructure has fixed 18 June 2026 as record date for etermining entitlement of Members to final dividend of Rs 0.90 per share for the financial year ended 31 March 2026.

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