SEBI REIT Second Amendment 2026: 75% vote rule, sponsor exit, DRs
SEBI Amendment REIT Unitholder voting 15 October 2026 SEBI has amended its REIT Regulations, 2014, with effect from 14 October 2026, the date of Gazette publication. Unitholder approvals under regulation 22 will now be tested on votes cast, with related parties' votes excluded, instead of on unitholders by value. The amendment also permits depository receipts on REIT units and gives dissenting unitholders an exit when one sponsor leaves a multi-sponsor REIT. In short Regulation 22(6A) and 22(8)(a): approval needs at least 75% of the total votes cast, excluding votes of parties related to the transaction New regulation 14(12A): depository receipts may be issued on REIT units, in the manner the Board specifies New regulation 22(8)(b)(iv): on a sponsor's exit from a multi-sponsor REIT, dissenting unitholders get an option to exit Regulation 18(5)(k) is omitted, and some words are removed from regulation 2(1)(zi) In force from 14 Octobe...