SEBI asks depositories to implement ISIN-level freeze framework for promoter holdings by Aug 1

SEBI has directed depositories to implement an ISIN-level freeze framework for promoter holdings by August 1, 2026. Under the framework, promoter and promoter group holdings, including those held by associates, will remain frozen from the date of board or shareholder approval of a buyback until closure of the offer. Promoters will still be permitted to tender shares in buybacks through the tender offer route, while encumbrances created before the buyback period may be invoked or released, subject to the freeze continuing on the affected shares.