The Securities and Exchange Board of India (SEBI) has made a pivotal regulatory change by raising the limit for issuing duplicate securities certificates to ₹10 lakh. This adjustment, effective immediately, affects a wide range of stakeholders, including listed companies and their investors.
Detailed in SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2025/123, published on December 26, 2025, the new procedures simplify the process for investors needing duplicate certificates. Previously, the lower threshold often delayed resolutions for investors dealing with lost or damaged securities.
