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SEBISEBI events and governance

Reg 31(1)(a) shareholding pattern before listing

Filing the shareholding pattern with the exchange one day before the securities are listed.

How this is timed

1 day before listing

Counted from the date of listing of the securities, counted backwards

Regulator
SEBI
Category
SEBI events and governance
Form
Not specified
Last verified
2026-09-01

One day prior to the listing of the securities. This is a one-off filing tied to the listing date and is separate from the quarterly shareholding pattern under Reg 31(1)(b), which is due within 21 days of the quarter end.

Deadlines counted from an event

These have no calendar date. The clock starts when the event happens.

1 day before listingfrom the date of listing of the securities, counted backwards

One day prior to the listing of the entity's securities on the stock exchange, submit the shareholding pattern to the exchange. Reg 31(1)(a) covers this pre-listing filing; the recurring quarterly filing is Reg 31(1)(b).

The rule

Stated as the law states it, so you can work out any period yourself.

1 day before listing

One day prior to the listing of the entity's securities on the stock exchange, submit the shareholding pattern to the exchange. Reg 31(1)(a) covers this pre-listing filing; the recurring quarterly filing is Reg 31(1)(b).

Who must comply

  • An entity whose specified securities are being listed on a recognised stock exchange

Statutory basis

Read the provision here where we hold it, or on the regulator's site.

Before you file

  • Get the final allotment and shareholding data from the registrar and transfer agent.
  • Confirm the listing date with the exchange.
  • Prepare the shareholding pattern in the format the exchange specifies.

How to file

  1. 1Prepare the shareholding pattern as at the day before listing.
  2. 2Submit it to the exchange one day before the listing date.
  3. 3Start the quarterly Reg 31(1)(b) cycle from the first quarter after listing.

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

From the regulator's own circulars and notifications.

sebi07 Apr 2026Circular

Relaxation from SEBI Master Circular for Minimum Public Shareholding Non-Compliance

The Securities and Exchange Board of India (SEBI) has granted a one-time relaxation from penal provisions regarding Minimum Public Shareholding (MPS) requirements. This relief applies to listed entities whose compliance deadline falls between April 1, 2026, and September 30, 2026. Stock exchanges and depositories are directed to refrain from taking penal actions, such as levying fines or freezing promoter shareholding, for non-compliance during this period. Furthermore, any penal actions already initiated against such entities for non-compliance occurring between April 1, 2026, and the date of this circular must be withdrawn. This measure is in response to market volatility caused by geopolitical tensions in the Middle East.

Common questions

Is this the same as the quarterly shareholding pattern?

No. Reg 31(1)(a) is a one-off filing one day before listing. The quarterly filing is Reg 31(1)(b), due within 21 days of the quarter end, and it belongs with the periodic filings.

Last verified 2026-09-01. Confirm against the official source before you rely on it.