17 September 2025 · Xenia Sapanidi
SEBI’s Market Rumor Verification Rule: A New Era for Corporate Disclosure
On December 31, 2024, the Securities and Exchange Board of India (SEBI) introduced a significant update to the Listing Obligations and Disclosure Requirements. Regulation 30(11) now makes it mandatory for the top 250 listed companies to verify market rumors linked to material price movements (MPM) within 24 hours. This change reshapes the responsibilities of boards and CEOs. Market chatter has always influenced price, but now it is officially a regulated disclosure event.
