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An analysis of the September 2025 amendments to the SEBI SBEB regulations and SEBI ICDR regulations

Submitted by yvonne on Fri, 09/19/2025 - 18:44

On September 8, 2025, the Securities and Exchange Board of India (SEBI) amended the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB Regulations), to permit employees of to-be listed companies who are identified as promoters in the draft offer documents of the respective companies to continue to hold options, stock appreciation rights or any other benefits under any schemes, that were granted at least one year prior to the filing of the draft offer document. 

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