SEBI Circular

Master Circular for Debenture Trustees — May 2026

Consolidated master circular covering all extant requirements for debenture trustees, replacing prior circulars from 2020-2025.

Reference
SEBI/HO/MIRSD/CRADT/CIR/P/2026/45
Issued by
SEBI
Issue date
01 May 2026
Effective from
01 Jun 2026

About this document

The Securities and Exchange Board of India has issued this Master Circular consolidating all extant directions, rules, and regulations applicable to debenture trustees registered with SEBI.

Key updates include enhanced asset cover monitoring requirements, mandatory disclosure timelines, and revised default resolution mechanisms.

This circular supersedes Master Circular dated 31 March 2025 (Ref: SEBI/HO/MIRSD/CRADT/CIR/P/2025/97).

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