SEBI - ICDR Regulations Amendment of March 2025: Key changes from Rights Issue perspective

On March 3, 2025, the Securities and Exchange Board of India (SEBI) has introduced several changes to the existing rights issue framework, process and disclosure requirements through significant amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). This amendment, read with the SEBI circular dated 11 March 2025, wherein the revised timelines for completion of the rights issue process has been notified (Rights Issue Circular, together the Rights Issue Amendments 2025), aims to streamline the rights issue process, reduce turnaround times, and enhance the efficiency of capital raising by listed companies.