In exercise of the powers conferred by subsection (1) of Section 30 read with subsection (1) of Section 11, clause (ba) and clause (c) of subsection (2) of Section 11 and subsection (1) and (1B) of Section 12 of the Securities and Exchange Board of India

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-18042026-271895 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 277] NEW DELHI, THURSDAY, APRIL 16, 2026/CHAITRA 26, 1948 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th April, 2026 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2026 No. SEBI/LAD-NRO/GN/2026/303.— In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-section (2) of Section 11 and sub-section (1) and (1B) of Section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely, 1. These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2026. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, – I. In the third proviso to regulation 10(c), the words “two lakh" shall be substituted with the words "one thousand". II. In regulation 29, a. in sub-regulation (7), after the words "satisfying all liabilities", the words and symbol ", subject to conditions as may be specified by the Board from time to time" shall be inserted. b. after sub-regulation (10) and before sub-regulation (11), the following new sub- regulation shall be inserted, namely, - "(10A) An Alternative Investment Fund may be tagged as an inoperative fund, in such manner and subject to conditions as may be specified by the Board from time to time." AMIT PRADHAN, Executive Director [ADVT.-III/4/Exty./46/2026-27] Note: The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 was published in the Gazette of India on May 21, 2012 vide notification No. SEBI/LAD-NRO/GN/2012- 13/04/11262 and was last amended on November 19, 2025 by the Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2025 vide notification No. SEBI/LAD- NRO/GN/2025/274.