SEBI

On 11th August 2026, SEBI relaxed the timelines for municipalities with listed municipal debt securities to submit financial results to stock exchanges.

Listed municipalities will now have to submit half-yearly unaudited financial results within 60 days of the first half-year, compared with the earlier 45-day deadline.
Annual audited financial results must now be submitted within 90 days from the end of the financial year, against the earlier 60-day deadline.
SEBI said the relaxation considers practical challenges faced by municipalities in data collection, interdepartmental coordination and meeting disclosure requirements.
SEBI introduced a two-step escrow account mechanism for pooled finance vehicles or special purpose vehicles established under the Government’s Pooled Finance Development Fund Scheme.