The circular reinforces SEBI’s requirement that issuers must keep the centralized corporate bond database updated with all changes in cash-flow information relating to interest, dividend, or redemption of debt securities during their tenure.

The circular reinforces that issuers of debt securities must keep the SEBI-mandated centralized corporate bond database updated by reporting every redemption event through NSDL’s Corporate Action system. Issuers must submit complete redemption details—whether the redemption is by face value or by quantity—before executing the redemption so the database reflects accurate cash-flow information throughout the security’s tenure.

NSDL specifically directs issuers to execute the corresponding corporate action within the depository system itself, ensuring real-time and system-verified updates. This prevents mismatches between issuer disclosures, depository records, and the centralized SEBI database.

Registrars and Transfer Agents are instructed to actively notify and guide their issuer clients, ensuring they have proper internal processes to (i) identify upcoming redemptions, (ii) prepare and submit the required data correctly, and (iii) complete the corporate-action execution on time. The circular effectively removes any ambiguity by making timely submission and execution a compliance expectation rather than a best practice.