Reg 29 prior intimation of a board meeting
Advance notice to the stock exchanges that the board will consider one of the proposals listed in Reg 29(1).
2 working days before the board meeting
Counted from the date fixed for the board meeting, counted backwards from that date
- SEBI
- SEBI events and governance
- Not specified
- 2026-09-01
Two working days, for every proposal in Reg 29(1). The intimation date and the meeting date are both excluded from the count. There is no longer a separate five-working-day notice for financial results and no eleven-working-day pre-intimation for changes to securities: both were removed with effect from 17 May 2024.
This obligation used to run on three periods and now runs on one. Before 17 May 2024 financial results carried five working days, most other proposals carried two, and alterations to securities or to interest and redemption dates carried an eleven-working-day pre-intimation under Reg 29(3). The LODR (Amendment) Regulations, 2024 collapsed all of that into a single two-working-day notice and omitted Reg 29(3). Any checklist still showing a five-day or eleven-day tier is out of date.
Deadlines counted from an event
At least two working days in advance of the board meeting, excluding the date of the intimation and the date of the meeting. One uniform period applies to every proposal listed in Reg 29(1), including financial results, buy-back, dividend, fund raising, voluntary delisting, alteration in the form or nature of listed securities, and alteration in the date of interest or redemption payment. Reg 29(2) requires the intimation to state the date of the meeting.
The rule
At least two working days in advance of the board meeting, excluding the date of the intimation and the date of the meeting. One uniform period applies to every proposal listed in Reg 29(1), including financial results, buy-back, dividend, fund raising, voluntary delisting, alteration in the form or nature of listed securities, and alteration in the date of interest or redemption payment. Reg 29(2) requires the intimation to state the date of the meeting.
Who must comply
- Every entity with specified securities listed on a recognised stock exchange
- Each proposal listed in Reg 29(1), including financial results, buy-back, dividend, raising of funds, voluntary delisting, alteration in the form or nature of listed securities, and alteration in the date on which interest or redemption is payable
- Intimation of the issue price for a qualified institutions placement is excused where the entity gives it under the ICDR Regulations.
Statutory basis
Before you file
- Fix the date of the board meeting.
- Identify which Reg 29(1) proposals are on the agenda.
- Count two working days backwards from the meeting date, and exclude both the meeting date and the intimation date.
- Check whether the ICDR route already covers a qualified institutions placement issue price.
How to file
- Prepare the intimation naming the Reg 29(1) proposals and the date of the meeting.
- Submit the intimation to each exchange where the securities are listed.
- Submit it at least two working days before the meeting.
- Save the acknowledgement for the compliance record.
Stock exchange electronic filing system
If you miss it
No per-day exchange fine is asserted here, because this provision is not on the fine table we have verified. SEBI adjudicates a late or missed disclosure under section 15A(b) of the SEBI Act, which reaches ₹1 lakh for each day the failure continues and is capped at ₹1 crore. Section 23E of the Securities Contracts (Regulation) Act is the other head, at not less than ₹5 lakh and up to ₹25 crore for a breach of listing conditions. Orders in this area normally land in lakhs rather than near the ceiling.
- The exchange records the default in the entity's compliance history, and a repeated default feeds SEBI's decision to adjudicate
- The disclosure still has to be made after the deadline passes, and it has to carry an explanation for the delay
- Disclosing favourable events on time while letting unfavourable ones slip is charged as a breach of Reg 4(1)(d) in its own right, alongside the specific provision
Recent changes affecting this
Relaxation from SEBI Master Circular for Minimum Public Shareholding Non-Compliance
Master Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities
Master Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper
Common questions
Is it still five working days for financial results?
No. The five-working-day tier was removed when Reg 29(1) and 29(2) were substituted with effect from 17 May 2024. Financial results now take the same two working days as everything else in Reg 29(1).
What happened to the eleven-working-day notice for altering securities?
The old Reg 29(3) was omitted on 17 May 2024. Alteration in the form or nature of listed securities, and alteration in the date on which interest or redemption is payable, moved into Reg 29(1) and now carry the two-working-day period.
Are the intimation date and the meeting date counted?
Neither is counted. Reg 29(1) excludes both, so a meeting on a Friday needs the intimation by the Tuesday at the latest in a week with no holidays.