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Market regulator Sebi is reviewing the framework for monitoring and disclosing utilisation of issue proceeds to improve timely disclosures and streamline the compliance process, Sebi Chairman Tuhin Kanta Pandey said on Saturday. Addressing the Institute of Directors' Annual Directors' Conclave 2026, Pandey said transparency is not merely about the volume of information disclosed by a company but about whether the information helps investors understand what matters. "We are reviewing the framework for monitoring and disclosure of utilisation of issue proceeds, with the objective of improving timely disclosures and streamlining the compliance process," Pandey said. He said a company making a disclosure does not necessarily mean it has become transparent. "True transparency is not the volume of information. It is the quality, timeliness and usefulness of information," the Sebi chairman said. Pandey said the regulator has progressively strengthened the framework for disclosure of mate
Prasanta Mahapatra has taken charge as Executive Director of markets regulator Sebi and will handle the Corporation Finance Investigation Department and the Recovery and Refund Department. Before his elevation as Executive Director, Mahapatra was the Chief General Manager at the Securities and Exchange Board of India (Sebi), the regulator said in a statement on Monday. Mahapatra, who joined Sebi in April 1999, has handled diverse responsibilities across several departments during his over 27-year stint with the regulator. He has served in the Market Regulation Department, Investigation Department, Enquiries and Adjudication Department, Market Intermediaries Regulation and Supervision Department, Corporation Finance Department and Investment Management Department. He has also served at Sebi's Eastern Regional Office in Kolkata. Besides, Mahapatra has been a member of various domestic policy-making and advisory committees dealing with areas of mutual interest and cooperation with ..
Sebi has disposed of a little over 5,000 complaints through its online grievance redressal platform SCORES in June, according to a notice by the capital markets regulator. As many as 17 complaints were pending for more than three months on SCORES as of June-end involving entities such as Aditya Birla Money Ltd, Finolex Industries, and HBL Power Systems, according to Sebi data. The regulator's grievance platform received 5,035 fresh complaints in June, while 5,037 complaints were disposed of during the month. As a result, the number of pending complaints declined from 5,537 to 5,524 as of June 30, 2026, Sebi said in a notice on Wednesday. The markets watchdog also reported that entities took an average of four days to submit the action taken reports (ATRs) on investor complaints during June, while the average resolution time for first-time level review complaints stood at eight days. Sebi clarified that the pending complaints figure also includes complaints where entities or design