SEBI Revised Disclosure Rules for REITs and InvITs

8 May 20251 min read

Why in the news

SEBI tightened offer document disclosures to raise transparency and protect investors.

Based on a Working Group under the Hybrid Securities and Advisory Committee (HySAC).
Follow-on offers by entities under 3 years old show financials for their actual existence plus stub period.
Initial offers carry audited combined financials.
Auditors must be peer-reviewed ones approved under REIT/InvIT rules.

HySAC and the six-month stub period trigger.

1. SEBI's May 2025 revised disclosure norms for REITs and InvITs came from the recommendations of a working group under which committee?

The working group functioned under the Hybrid Securities and Advisory Committee.

2. Under SEBI's revised norms, stub period financials are needed if the latest audited figures are older than how long?

Stub period financials are required if audits are over 6 months old.

3. For how many past financial years must REITs and InvITs disclose audited financials in offer documents under the new norms?

The norms require audited financials for the past 3 financial years.

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