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Below the Comment on PAN freezing becoming applicable to immediate relatives of designated persons of all listed entities from October 1, 2025 by Makarand M Joshi, Founder MMJC & Associates a corporate compliance officer

The Securities and Exchange Board of India (SEBI) has extended the trading window closure period to include immediate relatives of Designated Persons (DPs) for all equity listed entities in India with effect from October 1. This initiative, which began in september 2022 with Sensex and Nifty DPs, now covers all listed entities on recognised stock exchanges. The PAN freezing mechanism has reduced inadvertent trades during financial results and significantly eased the tracking burden on compliance officers of listed entities. As of now, this applies to approximately 3,000+ listed companies in India. DPs need to keep the data relating to IR now updated with the listed entity on a regular basis.

The next step will be to see if SEBI extends this framework of PAN freezing to cover Unpublished Price Sensitive Information (UPSI) beyond financial results and for fiduciaries DPs and their immediate relatives as well

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