Format for financial results for listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares
Summary
This circular mandates specific formats for the disclosure of half-yearly and annual financial results by listed entities. It distinguishes between general companies, banks, and NBFCs, requiring adherence to Annexures I through V for various reporting components. The directive aims to ensure uniformity, comparability, and timely disclosure to facilitate informed investment decisions. This section provides standardized formats for submitting half-yearly financial results and limited review reports for listed companies. Annexure III details the specific line items required in the financial statement format for non-banking entities. Annexures IV and V prescribe the mandatory content and structure for the limited review reports issued by Chartered Accountants.
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In order to enable investors to make well-informed investment decisions, timely, adequate and accurate disclosure of financial results on a periodical basis is critical. At the same time, to ensure comparability, uniformity and parity in disclosures made by listed entities across stock exchanges, is essential.
Towards this end, Regulations 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "the Listing Regulations, 2015"), has prescribed various disclosures to be filed under various provisions contained therein, in the formats as may be specified by the Board.
The half yearly financial results shall be presented in the format prescribed at Annexure I for companies other than banks and Non-Banking Financial Companies (NBFCs)
The half yearly financial results shall be presented in the format prescribed at Annexure II for Banks and NBFCs.
Manufacturing, trading and service companies... may furnish the half-yearly financial results in the alternative format given in Annexure III... However it may be noted that the alternative format can be used only if such format is used consistently from the first half-year of the financial year.
The limited review report shall be presented in the format prescribed at Annexure IV for companies other than banks and NBFCs
The limited review report shall be presented in the format prescribed at Annexure V for Banks and NBFCs.
Annual audited financial results shall be in the format as is applicable to half yearly financial results.
Regulation 52(3)(a) prescribes that the listed entity shall submit audit financial results along with and either Form A (for audit report with unmodified opinion) or Form B (for audit report with modified opinion). The Listed Entity shall submit form A or form B in formats as prescribed under regulation 33(4) of Listing Regulations.
The Stock Exchanges are advised to bring the provisions of this circular to the notice of Listed Entity and also to disseminate the same on its website. This circular shall come into force on December 01, 2015.
Format for submitting the half yearly financial results by companies other than Banks and NBFCs eligible for alternative format
Lists specific particulars including Net Income from Sales, Gross Profit, Operating Profit, Net Profit, EPS, Debt Equity Ratio, and coverage ratios to be disclosed in the half-yearly results.
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Source: SecMarx — Format for financial results for listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.