Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-MH-E-21032026-271045
EXTRAORDINARY
PART III-Section 4
PUBLISHED BY AUTHORITY
No. 182]
NEW DELHI, MONDAY, MARCH 16, 2026/PHALGUNA 25, 1947
1889 GI/2026
(1)
2
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART III-SEC.4]
“(2) Subject to sub-regulation (1), where lock-in of the specified securities cannot be
created, the depositories shall, upon receipt of instructions from the issuer, record such
securities as “non-transferable” for the duration of the applicable lock-in period.”
[PART III-SEC.4]
3
4
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART III-SEC.4]
"(C) Summary of Contingent Liabilities.
(D) Summary of Related Party Transactions.”;
"ANNEXURE – I
1 | Summary of the Primary business
Issuer (निर्गमकर्ता) के मुख्य कारोबार की संक्षिप्त जानकारी अधिक से
अधिक 500 शब्दों में दी जाए, और इस प्रकार दी जाने वाली जानकारी में
निम्नलिखित जानकारी भी दी जाए:
[भाग III- खण्ड 4]
5
1) | The business overview including products / services offered by
the Company;
2) | Description of industries served and typical customer/ clients
of the Company;
3) | Segment reporting details and their revenue contribution for
the reporting periods in a tabular form (where applicable);
4) | Key geographies served;
5) | Revenue concentration among top 5 customers;
6) | Key manufacturing or other facilities,
7) | Business strengths and strategies
2 | Summary of the industry
Summary of the industry in which the issuer operates, in not more than
250 words;
3 | Promoters
Brief details such as name, nature of entity and corporate information
(where applicable), experience and educational qualifications for each
promoter (where applicable), in not more than 100 words each;
4 | Objects of the issue
Summary for each object, in not more than 100 words per object in a
tabular format.;
5 | Pre and post offer shareholding of promoter(s), members of the
promoter group and top 10 shareholders
The aggregate shareholding, of each of the (i) Promoter(s), (ii)
members of the Promoter Group and (iii) top 10 Shareholders (other
than the Promoter and Promoter Group) as on the date of draft offer
document / offer document and as at allotment as per the below
mentioned format:
S. | Pre-Offer shareholding | Post-Offer
No. | | shareholding as at the
| | date of Allotment
Name of the | Number | Shareholding | At Floor Price and At
shareholder | of | (in %) | Cap Price
| Equity | | Number | Shareholding
| Shares | | of | (in %)
| | | Equity |
| | | Shares |
Promoter(s)
1. | [•] | [•] | [•] | [•] | [•]
Members of Promoter Group (who hold shares)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [•] | [•] | [•] | [•]
Public Shareholders (top 10 Shareholders)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [•] | [•] | [•] | [•]
3. | [•] | [•] | [•] | [•] | [•]
4. | [•] | [•] | • | [•] | [•]
5. | [•] | [•] | [•] | [•] | [•]
6. | [•] | [•] | [•] | [•] | [•]
7. | [•] | [•] | [•] | [•] | [•]
8. | [•] | [•] | [•] | [•] | [•]
9. | [•] | [•] | [•] | [•] | [•]
10. | [•] | [•] | [•] | [•] | [•]
Other Public Shareholders
11. | - | [•] | [•] | [•] | [•]
Total (aggregate) | [•] | 100.00% | [•] | [•]
Notes:
1) Includes all options that have been exercised until date of prospectus
and any transfers of equity shares by existing shareholders after the
date of the pre-issue and price band advertisements until date of
prospectus.
2) Based on the Issue price of ₹[•] and subject to finalization of the
basis of allotment.
6 | Summary of Restated Consolidated Financial Information
Following details as per the restated consolidated financial statements
for past 3 years and stub period in tabular format:
1) | Share capital
2) | Net Worth
3) | Revenue
4) | EBITDA
5) | Profit after tax
6) | Basic Earnings per share
7) | Diluted Earnings per share
8) | Return on Equity / Net Worth
6
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART III-SEC.4]
S. | Pre-Offer shareholding | Post-Offer
No. | | shareholding as at the
| | date of Allotment
Name of the | Number | Shareholding | At Floor Price and At
shareholder | of | (in %) | Cap Price
| Equity | | Number | Shareholding
| Shares | | of | (in %)
| | | Equity |
| | | Shares |
Promoter(s)
1. | [•] | [•] | [•] | [•] | [•]
Members of Promoter Group (who hold shares)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [•] | [•] | [•] | [•]
Public Shareholders (top 10 Shareholders)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [0] | [•] | [•] | [•]
3. | [•] | [•] | [•] | [•] | [•]
4. | [•] | [•] | • | [•] | [•]
5. | [•] | [•] | [•] | [•] | [•]
6. | [•] | [•] | [•] | [•] | [•]
7. | [•] | [•] | [•] | [0] | [•]
8. | [•] | [•] | [•] | [•] | [•]
9. | [•] | [•] | [•] | [•] | [•]
10. | [•] | [•] | [•] | [•] | [•]
Other Public Shareholders
11. | - | [•] | [•] | [•] | [•]
Total (aggregate) | [•] | 100.00% | [•] | [•]
Notes:
1) Includes all options that have been exercised until date of prospectus
and any transfers of equity shares by existing shareholders after the
date of the pre-issue and price band advertisements until date of
prospectus.
2) Based on the Issue price of ₹[•] and subject to finalization of the
basis of allotment.
6 | Summary of Restated Consolidated Financial Information
Following details as per the restated consolidated financial statements
for past 3 years and stub period in tabular format:
1) | Share capital
2) | Net Worth
3) | Revenue
4) | EBITDA
5) | Profit after tax
6) | Basic Earnings per share
7) | Diluted Earnings per share
8) | Return on Equity / Net Worth
[भाग III- खण्ड 4]
7
9) | Net Asset Value per equity share
10) | Total borrowings
11) | Cash flow from operating activities
12) | Cash flow from investing activities
13) | Cash flow from financing activities
7 | Summary of Key Performance Indicators
Summary of Key Performance Indicators (“KPIs”) used to determine
Basis for Offer Price for past 3 years and stub period, in tabular format
(to the extent not included in the summary of financial information in
section above)
8 | Risk Factors
The top 10 internal Risk Factors in the summarized form.
9 | The details of weighted average cost of acquisition of shares for
promoter and selling shareholders
Particulars | Number | Weighted | WACA per
| of | average | Equity
| Equity | cost of | Shares
| Shares | acquisition | acquired in
| held as | ("WACA") | last one
| on date* | per Equity | year*
| | Share (in |
| | ₹)* |
Promoter(s)
Promoter 1 | [•] | [•] | [•]
Promoter 2 | [•] | [•] | [•]
Selling Shareholder(s)
Selling Shareholder 1 | [•] | [•] | [•]
Selling Shareholder 2 | [•] | [•] | [•]
*Calculated after taking into account conversion of CCPS.
Weighted average cost of acquisition of all shares transacted in the one
year and three years preceding the date of draft offer document / offer
document.
10 | Board of Directors and Key Managerial Personnel
Names and designations of the members of the Board of Directors and
Key Managerial Personnel.
11 | Auditor qualifications
Provide a cross reference to the Auditor qualifications.
12 | Summary table of outstanding litigations.
"
8
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART III-SEC.4]
*Calculated after taking into account conversion of CCPS.
Weighted average cost of acquisition of all shares transacted in the one
year and three years preceding the date of draft offer document / offer
document.
10 | Board of Directors and Key Managerial Personnel
Names and designations of the members of the Board of Directors and
Key Managerial Personnel.
11 | Auditor qualifications
Provide a cross reference to the Auditor qualifications.
12 | Summary table of outstanding litigations.
"
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./758/2025-26]
Note: | The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018 was published in the Gazette of India on September 11, 2018, vide notification No. SEBI/LAD-
NRO/GN/2018/31, and was last amended on November 1, 2025 by the Securities and Exchange Board of
India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2025 vide
notification No. SEBI/LAD-NRO/GN/2025/271.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA
Date: 2006.03.21 10:06:12 +0530
[भाग III- खण्ड 4]
9
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 16th March, 2026
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE
REQUIREMENTS) (AMENDMENT) REGULATIONS, 2026
No. SEBI/LAD-NRO/GN/2026/299.—In exercise of the powers conferred under section 30 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 (Issue of Capital and Disclosure Requirements) Regulations, 2018,
namely: -
1. | These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) (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 (Issue of Capital and Disclosure Requirements) Regulations,
2018, -
I. | in Regulation 17, -
(i) | the existing regulation shall be numbered as sub-regulation (1);
(ii) | in the proviso thereto, the words "regulation" shall be substituted with the words and
symbol "sub-regulation";
(iii) | after the regulation so numbered as sub-regulation (1), the following sub-regulation shall be
inserted, namely,-
"(2) Subject to sub-regulation (1), where lock-in of the specified securities cannot be
created, the depositories shall, upon receipt of instructions from the issuer, record such
securities as “non-transferable” for the duration of the applicable lock-in period.”
II. | in Regulation 25 -
(i) | in sub-regulation (2), after clause (c), the following clause shall be inserted, namely,-
"(d) a draft abridged prospectus as per Part E of Schedule VI.";
(ii) | in sub-regulation (7), after the words "Copy of the offer documents", and before the words
"shall also be filed with the Board", the words "along with the abridged prospectus" shall
be inserted;
(iii) | in sub-regulation (8), the words “and the offer document" appearing after the words "draft
offer document" and before the words "shall also be furnished", shall be substituted with
the words and symbols ", the offer document, the draft abridged prospectus, and the
abridged prospectus".
III. | in Regulation 26,
(i) | in sub-regulation (1), after the words "sub-regulation (2) by hosting it" and before the
words "on the websites", the words "along with the draft abridged prospectus" shall be
inserted;
(ii) | in sub-regulation (4), after the words "the offer documents" and before the words "are
hosted on the websites", the words "and the abridged prospectus" shall be inserted.
IV. | in Regulation 34(2), the words "be accompanied by a copy of the abridged prospectus" shall be
substituted with the words "include a QR code and link to access the red herring prospectus, the
abridged prospectus, and the price band advertisement”.
V. | in Regulation 59C,
(i) | after sub-regulation (9), the following sub-regulation shall be inserted, namely,-
"(9A) Draft abridged prospectus as specified in Part E of Schedule VI, shall be submitted
along with the updated draft red herring prospectus-I, and shall be hosted on the websites
of the issuer, the Board, stock exchanges where specified securities are proposed to be
listed and lead manager(s) associated with the issue.";
10
THE GAZETTE OF INDIA: EXTRAORDINARY
[PART III-SEC.4]
(ii) | in sub-regulation (14), after the words "copy of the offer document" and before the words
"shall also be filed promptly", the words "along with the abridged prospectus" shall be
inserted;
(iii) | in sub-regulation (15), the words "and the offer document" appearing after the words "draft
offer document" and before the words "shall also be furnished", shall be substituted with
the words and symbols ", the offer document, the draft abridged prospectus, and the
abridged prospectus".
VI. | in Regulation 123,
(i) | in sub-regulation (2), after clause (d), the following clause shall be inserted, namely,-
"(e) | a draft abridged prospectus as per Part E of Schedule VI.";
(ii) | in sub-regulation (7), after the words "Copy of the offer documents", and before the words
"shall also be filed with the Board", the words "along with the abridged prospectus" shall
be inserted;
(iii) | in sub-regulation (8), the words "and the offer document" appearing after the words "draft
offer document" and before the words "shall also be furnished", shall be substituted with
the words and symbols ", the offer document, the draft abridged prospectus, and the
abridged prospectus".
VII. | in Regulation 124,
(i) | in sub-regulation (1), after the words "sub-regulation (2) by hosting it" and before the
words "on the websites", the words "along with the draft abridged prospectus" shall be
inserted;
(ii) | in sub-regulation (4), after the words "the offer documents" and before the words "are
hosted on the websites", the words “and the abridged prospectus” shall be inserted.
VIII. | in Regulation 131(2), the words “be accompanied by a copy of the abridged prospectus" shall be
substituted with the words "include a QR code and link to access the red herring prospectus, the
abridged prospectus, and the price band advertisement”.
IX. | in Regulation 246,
(i) | in sub-regulation (3), after the words "in Form G of Schedule V" and before the words
"along with the draft", the words and symbol ", and the draft abridged prospectus as per
Part E of Schedule VI" shall be inserted;
(ii) | in sub-regulation (5), after the words "The offer documents" and before the words "shall
also be furnished", the words and symbols "and the abridged prospectus," shall be inserted.
X. | in Regulation 247,
(i) | in sub-regulation (1), after the words "by hosting it" and before the words "on the
websites", the words “along with the draft abridged prospectus” shall be inserted;
(ii) | in sub-regulation (4), after the words "the offer documents" and before the words "are
hosted on the websites", the words "and the abridged prospectus" shall be inserted.
XI. | in Regulation 255(2), the words "be accompanied by a copy of the abridged prospectus" shall be
substituted with the words "include a QR code and link to access the red herring prospectus, the
abridged prospectus, and the price band advertisement”.
XII. | in Schedule VI, -
(i) | in Part A, -
(a) | clause (4) shall be omitted;
(b) | in clause (6), after sub-clause (B), the following sub-clauses shall be inserted,
namely,-
"(C) Summary of Contingent Liabilities.
(D) Summary of Related Party Transactions.”;
(ii) | in Part E,
[भाग III- खण्ड 4]
11
(a) | in the heading, after the words "Disclosures in" and before the words "an Abridged
Prospectus", the words "a draft Abridged Prospectus and", shall be inserted;
(b) | in the General Instructions,
(1) | item (III) shall be omitted;
(2) | existing item (IV) shall be renumbered as item (III);
(3) | item (V) shall be omitted;
(4) | after item (III) so renumbered, following items shall be inserted, namely,
"(IV) The front outside cover page of the draft offer document / offer document
shall serve as the first page of the draft abridged prospectus and the abridged
prospectus.
(V) For each of the sections of the Annexure - I, cross reference to the relevant
section of the draft offer document / offer document to be provided.
(VI) QR code and link shall be included for access to the draft offer document /
offer document. Further a QR Code and link to access the draft abridged
prospectus / abridged prospectus to be included in all public announcement
relating to the IPO.
(VII) All disclosures shall be in clear, simple and easily understandable
language."
(c) | Annexure - I shall be substituted with the following, namely,
" | ANNEXURE - I
1 | Summary of the Primary business
Summary of the primary business of the issuer, in not more than 500
words; The summary shall include the following matters as relevant:
1) | The business overview including products / services offered by
the Company;
2) | Description of industries served and typical customer/ clients
of the Company;
3) | Segment reporting details and their revenue contribution for
the reporting periods in a tabular form (where applicable);
4) | Key geographies served;
5) | Revenue concentration among top 5 customers;
6) | Key manufacturing or other facilities,
7) | Business strengths and strategies
2 | Summary of the industry
Summary of the industry in which the issuer operates, in not more than
250 words;
3 | Promoters
Brief details such as name, nature of entity and corporate information
(where applicable), experience and educational qualifications for each
promoter (where applicable), in not more than 100 words each;
4 | Objects of the issue
Summary for each object, in not more than 100 words per object in a
tabular format.;
5 | Pre and post offer shareholding of promoter(s), members of the
promoter group and top 10 shareholders
12
THE GAZETTE OF INDIA: EXTRAORDINARY
[PART III-SEC.4]
The aggregate shareholding, of each of the (i) Promoter(s), (ii)
members of the Promoter Group and (iii) top 10 Shareholders (other
than the Promoter and Promoter Group) as on the date of draft offer
document / offer document and as at allotment as per the below
mentioned format:
S. | Pre-Offer shareholding | Post-Offer
No. | | shareholding as at the
| | date of Allotment
Name of the | Number | Shareholding | At Floor Price and At
shareholder | of | (in %) | Cap Price
| Equity | | Number | Shareholding
| Shares | | of | (in %)
| | | Equity |
| | | Shares |
Promoter(s)
1. | [•] | [•] | [•] | [•] | [•]
Members of Promoter Group (who hold shares)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [•] | [•] | [•] | [•]
Public Shareholders (top 10 Shareholders)
1. | [•] | [•] | [•] | [•] | [•]
2. | [•] | [0] | [•] | [•] | [•]
3. | [•] | [•] | [•] | [•] | [•]
4. | [•] | [•] | • | [•] | [•]
5. | [•] | [•] | [•] | [•] | [•]
6. | [•] | [•] | [•] | [•] | [•]
7. | [•] | [•] | [•] | [0] | [•]
8. | [•] | [•] | [•] | [•] | [•]
9. | [•] | [•] | [•] | [•] | [•]
10. | [•] | [•] | [•] | [•] | [•]
Other Public Shareholders
11. | - | [•] | [•] | [•] | [•]
Total (aggregate) | [•] | 100.00% | [•] | [•]
Notes:
1) Includes all options that have been exercised until date of prospectus
and any transfers of equity shares by existing shareholders after the
date of the pre-issue and price band advertisements until date of
prospectus.
2) Based on the Issue price of ₹[•] and subject to finalization of the
basis of allotment.
6 | Summary of Restated Consolidated Financial Information
Following details as per the restated consolidated financial statements
for past 3 years and stub period in tabular format:
1) | Share capital
2) | Net Worth
3) | Revenue
4) | EBITDA
5) | Profit after tax
6) | Basic Earnings per share
7) | Diluted Earnings per share
8) | Return on Equity / Net Worth
[भाग III- खण्ड 4]
13
9) | Net Asset Value per equity share
10) | Total borrowings
11) | Cash flow from operating activities
12) | Cash flow from investing activities
13) | Cash flow from financing activities
7 | Summary of Key Performance Indicators
Summary of Key Performance Indicators (“KPIs”) used to determine
Basis for Offer Price for past 3 years and stub period, in tabular format
(to the extent not included in the summary of financial information in
section above)
8 | Risk Factors
The top 10 internal Risk Factors in the summarized form.
9 | The details of weighted average cost of acquisition of shares for
promoter and selling shareholders
Particulars | Number | Weighted | WACA per
| of | average | Equity
| Equity | cost of | Shares
| Shares | acquisition | acquired in
| held as | ("WACA") | last one
| on date* | per Equity | year*
| | Share (in |
| | ₹)* |
Promoter(s)
Promoter 1 | [•] | [•] | [•]
Promoter 2 | [•] | [•] | [•]
Selling Shareholder(s)
Selling Shareholder 1 | [•] | [•] | [•]
Selling Shareholder 2 | [•] | [•] | [•]
*Calculated after taking into account conversion of CCPS.
Weighted average cost of acquisition of all shares transacted in the one
year and three years preceding the date of draft offer document / offer
document.
10 | Board of Directors and Key Managerial Personnel
Names and designations of the members of the Board of Directors and
Key Managerial Personnel.
11 | Auditor qualifications
Provide a cross reference to the Auditor qualifications.
12 | Summary table of outstanding litigations.
"
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./758/2025-26]
Note: | The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018 was published in the Gazette of India on September 11, 2018, vide notification No. SEBI/LAD-
NRO/GN/2018/31, and was last amended on November 1, 2025 by the Securities and Exchange Board of
India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2025 vide
notification No. SEBI/LAD-NRO/GN/2025/271.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA
Date: 2006.03.21 10:06:12 +0530
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