Capital markets regulator Sebi's chairperson, Madhabi Puri Buch, announced on Monday that listed companies will soon be required to make a single disclosure on one stock exchange, which will automatically be uploaded to other exchanges.
Speaking at a CII event, Buch detailed that this change follows recent proposals by Sebi, based on recommendations from a committee led by S.K. Mohanty, a former whole-time member of Sebi. She confirmed, "A single filing with the exchange will be a reality very soon."
Under the new system, a filing made on one exchange will be automatically collated on other exchanges, streamlining the disclosure process for listed companies.
Additionally, Buch revealed that investors will soon be able to start Systematic Investment Plans (SIPs) with a minimum investment of Rs 250 per month. "We are on the way of Rs 250 SIP becoming a reality," she said.
Buch also addressed concerns related to Real Estate Investment Trusts (REITs), noting that while she refrained from commenting on specific regulations due to potential conflicts of interest—given her husband Dhaval Buch’s senior advisory role at Blackstone—there are ongoing efforts to simplify REIT regulations.
The remarks come amid allegations from US short-seller Hindenburg Research, which questioned Buch’s impartiality and suggested that recent amendments to REIT regulations may have benefited a particular financial conglomerate.
Both Madhabi Puri Buch and Sebi have denied these claims.
Buch highlighted Sebi's plans to make IPO documents available in multiple languages to enhance investor accessibility and awareness.
She emphasised the importance of technology adoption in markets, ensuring the right products for the right investors, and the need for collaboration with the industry.
"It is not because the regulator is magnanimous, it’s out of sheer necessity, which will actually serve the market," she said.
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