SEBI (Research Analysts, InvIT & REIT) Compliance Calendar — FY 2026‑27
This calendar consolidates the recurring regulatory filings for SEBI‑registered Research Analysts and Proxy Advisers under the 2014 Regulations (as amended in 2025), as well as Infrastructure Investment Trusts and Real Estate Investment Trusts under their respective 2014 frameworks. It covers half‑yearly periodic reports, annual compliance audits, quarterly and annual asset valuations, trustee reporting, and net‑worth certificates for the full FY 2026‑27.
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30 April 2026 (Thursday)
- RA/PA Periodic Report to RAASB (BSE) for half-year ending 31 March 2026, filed within 30 days of period-end. Applicability: Research Analysts (RAs) and Proxy Advisers (PAs) registered with SEBI. Reference: SEBI Circular on Periodic Reporting Format for RAs and Proxy Advisers (RAASB framework)
30 June 2026 (Tuesday)
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InvIT — Quarterly asset valuation as at 30 June (required only if consolidated borrowings/deferred payments exceed 49%); valuation report submitted with Q1 quarterly financial results. Applicability: InvITs with consolidated borrowings & deferred payments exceeding 49% — Investment Manager. Reference: Regulation 21(5A), SEBI (InvIT) Regulations 2014
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REIT — Manager to submit to Trustee: list of unitholders, SPV/HoldCo/Investment entity shareholding changes, and leverage-limit compliance confirmation (quarterly, quarter ending June 2026). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
30 September 2026 (Wednesday)
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InvIT — Half-yearly asset valuation as at 30 September (publicly offered InvITs); valuation report to be submitted to designated stock exchange(s) along with quarterly financial results for quarter ending September. Applicability: Publicly offered Infrastructure Investment Trusts (InvITs) — Investment Manager. Reference: Regulation 21(5), SEBI (InvIT) Regulations 2014 [as amended, w.e.f. 27‑Sep‑2024]
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InvIT — Valuation reports received by Investment Manager to be submitted to designated stock exchange(s) within 15 days of receipt (event-linked; illustrative anchor against half-yearly valuation). Applicability: Infrastructure Investment Trusts (InvITs) — Investment Manager. Reference: Regulation 21(6), SEBI (InvIT) Regulations 2014
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REIT — Net worth compliance certificate of the Manager (half-yearly, submitted to Trustee). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
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REIT — Manager to submit to Trustee: list of unitholders, SPV/HoldCo/Investment entity shareholding changes, and leverage-limit compliance confirmation (quarterly, quarter ending September 2026). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
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Research Analyst — Annual compliance audit for FY 2025‑26 (by ICAI/ICSI/ICMAI member); distinct from the RAASB periodic report. Exact statutory day not specified in bare Regulation text; illustrative date retained. Applicability: Research Analysts / Research Entities registered with SEBI. Reference: Regulation 25(3), SEBI (Research Analysts) Regulations, 2014 [date inferred, flagged]
30 October 2026 (Friday)
- RA/PA Periodic Report to RAASB (BSE) for half-year ending 30 September 2026, filed within 30 days of period-end. Applicability: Research Analysts (RAs) and Proxy Advisers (PAs) registered with SEBI. Reference: SEBI Circular on Periodic Reporting Format for RAs and Proxy Advisers (RAASB framework)
30 December 2026 (Wednesday)
- REIT — Manager to submit to Trustee: list of unitholders, SPV/HoldCo/Investment entity shareholding changes, and leverage-limit compliance confirmation (quarterly, quarter ending December 2026). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
31 December 2026 (Thursday)
- InvIT — Quarterly asset valuation as at 31 December (required only if consolidated borrowings/deferred payments exceed 49%); valuation report submitted with Q3 quarterly financial results. Applicability: InvITs with consolidated borrowings & deferred payments exceeding 49% — Investment Manager. Reference: Regulation 21(5A), SEBI (InvIT) Regulations 2014
30 March 2027 (Tuesday)
- REIT — Manager to submit to Trustee: list of unitholders, SPV/HoldCo/Investment entity shareholding changes, and leverage-limit compliance confirmation (quarterly, quarter ending March 2027). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
31 March 2027 (Wednesday)
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InvIT — Full (annual) asset valuation as at 31 March (by registered valuer, physical inspection of every project); valuation report to be submitted to designated stock exchange(s) along with annual financial results. Applicability: Infrastructure Investment Trusts (InvITs) — Investment Manager. Reference: Regulation 21(3), SEBI (InvIT) Regulations 2014 [as substituted by Third Amendment Regulations 2025, w.e.f. 03‑Sep‑2025]
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REIT — Net worth compliance certificate of the Manager (half-yearly, submitted to Trustee). Applicability: Real Estate Investment Trusts (REITs) — Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
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REIT — Net worth compliance certificate of Sponsor and Manager from a practicing Chartered Accountant (annual). Applicability: Real Estate Investment Trusts (REITs) — Sponsor and Manager. Reference: REIT Regulations 2014 — Trustee oversight provisions
How We Help
The SEBI calendar for Research Analysts, InvITs, and REITs mixes periodic reporting with asset‑level and entity‑level certifications. Research Analysts must lodge two half‑yearly RAASB reports and an annual compliance audit; InvITs carry quarterly and annual valuations tied to borrowing thresholds and public‑offering status; REITs run on a quarterly trustee‑reporting cadence with half‑yearly and annual net‑worth certificates. At Anuj Desai & Associates, we maintain a compliance dashboard that maps each obligation to the specific intermediary, coordinate with valuers and auditors, and file directly with the exchanges, SEBI, or the Trustee as required. If you would prefer not to track this multi‑regulation grid in‑house, get in touch with our SEBI compliance desk.