HO/38/13/11(3)2025-MIRSD-POD/I/1102/2025 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR HO/38/13/11(3)2025-MIRSD-POD/I/1102/2025 To, All Listed Companies All Registrars to an Issue and Share Transfer Agents Madam / Sir, Sub: Ease of doing investment Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 dated May 25, 2022, read with Para 22 of Master Circular for Registrars to an Issue and Share Transfer Agents ('RTAs') dated June 23, 2025 ('master circular') , prescribed the documentary, procedural requirements and threshold for such issuance . With the objective of further simplifying the procedure of issuance of duplicate securities and to make it more efficient and investor friendly , it was decided to review the threshold and to simplify the documentation for issuance of duplicate securities certificates. To facilitate ease of doing investment for investors, it has been decided to increase the threshold for simplified documentation from the current Rs. Five Lakhs to Rs. Ten Lakhs; To simplify the documentation , it has been decided to: 4.1. prescribe a standardised Affidavit-cum-Indemnity bond; 4.2. rationalise the documentation for securities having value of more than Rs. Ten Lakhs; and 4.3. do away with notarisation of the Affidavit-cum-Indemnity bond for cases involving securities with value up to Rs. Ten Thousand. These measures aim at ease of investments for investors and facilitate restitution of investor rights in securities. As duplicate securities issued would necessarily be in demat mode, this will result in increased dematerialisation . December 24, 2025 The listed company/RTA shall process all requests for issuance of duplicate securities strictly in accordance with the procedure laid down here . The pr