Sebi extends deadline to Jan 2026 for angel funds to disclose allocation

Markets regulator Sebi on Wednesday extended the timeline to January 31, 2026, for disclosing the allocation methodology by angel funds in their Private Placement Memorandum (PPM).

Earlier, the deadline was October 15.

"Based on representation from the AIF industry requesting additional time to meet this requirement, it has been decided to extend the said timeline to January 31, 2026, for ease of compliance," Sebi said in its circular.

Accordingly, allocation of any investment made by existing angel funds post January 31, 2026, should be in accordance with the defined allocation methodology disclosed in their PPMs.

Under the Sebi's framework, angel funds will have to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment.

In September, the regulatory framework for angel funds was revised under AIF (alternative investment fund) norms.

As part of the revised framework to streamline fundraising, investment and compliance norms under the alternative investment funds rules, angel funds can raise capital only from accredited investors.

 

Sebi links ₹173 cr insider trading in IEX to CERC leaks  The Securities and Exchange Board of India (Sebi) on Wednesday passed an ex-parte interim order against eight entities for suspected insider trading in the scrip of Indian Energy Exchange Limited (IEX). The entities reaped ill-gotten gains of over ₹173 crore, which they have been ordered to disgorge, in what is one of the biggest insider trading crackdown.

The order comes after a suo-motu probe into a significant share price fall following a July 23 decision of the Central Electricity Regulatory Commission (CERC) on market coupling. Sebi’s probe found prima facie evidence that the noticees traded in IEX securities based on unpublished price sensitive information they received regularly fom “high-ranking CERC officials” relating to CERC’s directions on implementing market coupling —  a centralised framework inte­nded to unify the price discovery process across the country’s power exchanges.

 

The probe revealed that the UPSI concerned the impending CERC order expected to affect IEX’s dominant position in the Day-Ahead Market segment, triggering a sharp 30 per cent drop in IEX share price on July 24. The noticees allegedly received confidential CERC documents and minutes of committee meetings related to market coupling, directly from insiders within CERC.

Multiple communications on WhatsApp and other messaging platforms indicated that sensitive information was actively shared among the accused prior to being made public.  - BS Reporter

IPO fundmisuse: Nirman Agri, promoter face probe 

Sebi on Tuesday restrained Nirman Agri Genetics (NAGL) and its promoter Pranav Bagal from accessing the securities market, halted the company’s corporate actions, and prohibited the promoter from dealing in shares until further notice. NAGL had raised ₹20.30 crore through its SME IPO in March 2023. Sebi found that ₹18.9 crore of the funds were diverted to entities that were either fictitious or linked to the promoter and his family members. Sebi has called for a detailed investigation and given the company and promoter 21 days to file their objections.   - BS Reporter

 

HDFC AMC profit up 25%, announces bonus share issue 

HDFC AMC on Wednesday reported a net profit of ₹718 crore for the quarter ended September (Q2), a 25 per cent jump from the same quarter last year. Compared to the previous quarter (Q1), the net profit is down 4 per cent. Revenue from operations rose 16 per cent year-on-year to ₹1,027 crore. The third-largest fund house managed ₹8.8 trillion worth of assets during the quarter. It had a 11.4 per cent share in the industry assets. The company has announced bonus issue of shares in the ratio of 1:1 with the record date of November 26, 2025.  - BS Reporter 

Curie Money launches UPI pay through MFs; gets nod from NPCI

 

Curie Money has enabled UPI payments from liquid MF investments through partnerships with Bajaj Finserv AMC and ICICI Prudential AMC. “With ‘Pay with Mutual Fund’, investors’ money earns better returns in liquid funds, compared to a traditional savings account, and is instantly accessible for daily expenses,” said in a release, adding that the feature of instant redemption allows investors to withdraw funds directly into their bank account within seconds, unlike regular redemptions that take one or two business days. It received nod from National Payments Corporation Of India (NPCI) on Tuesday.