Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Reverse Book Building in SEBI Delisting: How It Works
Reverse book building sets the delisting price from shareholder bids: the 90 percent test, the 75 and 50 percent counteroffer rule, fixed price. Not advice.
How to Track Analyst Meets on NSE and BSE (2026)
How to track analyst meets: the prior schedule, the recording within 24 hours, and the transcript within five working days. Where each lands. Not advice.
How to Read a Block Deal Disclosure (2026 Rules)
Read an NSE or BSE block deal disclosure correctly: the fields, the 25 crore minimum, the 3 percent band, and what the client column hides. Not advice.
Corporate Results Calendar India: How Dates Are Set
An Indian corporate results calendar is built from board meeting intimations and the 45 and 60 day deadlines. How the dates appear. Not investment advice.
Promoter Pledge Tracker India: What a Good One Shows
A promoter pledge tracker follows encumbrance disclosures across Indian listed companies. The columns that matter, the events, and the traps. Not advice.
What is an event of default on a debt security?
SEBI recognises default at the first instance of delay in servicing interest or principal, and reckons an event of default at the ISIN level. How it works.
Debenture holder consent for enforcing security
SEBI uses negative consent to enforce security and positive consent to sign an ICA, with a 15 day window and a 75 percent by value threshold. How it runs.
What is an inter-creditor agreement (ICA)?
An ICA binds lenders to a common resolution plan for a stressed borrower. SEBI's conditions for a debenture trustee signing one, and the 180 and 365 day limits.
What happens to a defaulted bond after maturity?
Trading in a defaulted debt security stays restricted until the trustee reports payment status. The nine working day rule, the April reset, the database.
How to complain to a debenture trustee
Where to lodge a bondholder complaint, what details to include, the 21 calendar day limit in the regulations, and how escalation to SCORES works. From SEBI.
What is the debenture trustee Investor Charter?
SEBI's Investor Charter for debenture trustees lists services, timelines and bondholder rights. It became a regulatory duty under Regulation 14C in 2025.
What activities can a debenture trustee undertake?
Regulation 9C lets a debenture trustee run other financial-sector work through separate business units at arms length. What changed on 27 October 2025.
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