Amendments to the Equity, IDR and SME Equity Listing Agreements
Summary
This SEBI circular mandates amendments to Equity, IDR, and SME Equity Listing Agreements to enhance disclosure quality. It requires listed entities to disclose preceding quarter financials, submit unaudited results with limited review reports, and supply annual reports via soft copies or abridged hard copies. Additionally, it introduces a new clause requiring the disclosure of voting results within 48 hours for top 500 listed entities.
Text
Listed entities shall disclose figures in respect of immediately preceding quarter as well in addition to the existing requirements.
Listed entities shall also submit the last quarter results along with the audited annual results.
Submission of unaudited results shall be accompanied by the limited review report of the auditors.
Listed entities shall supply soft copies of full annual reports to shareholders with registered email addresses, hard copy of abridged annual reports to others, and hard copies of full annual reports upon request.
Listed entities shall disclose their voting results in the prescribed format to exchanges and websites within 48 hours from the conclusion of the shareholders’ meeting.
Provisions of Paras 2(a), 2(b) and 2(c) shall be applicable with effect from the quarter/financial year ending on December 31, 2011.
Provisions of Para 2(d) shall be applicable for all the shareholders’ meetings, for which notices are issued on or after January 01, 2012.
The words 'captured in depository’s database' may be replaced by the words 'last available address as per company’s/registrar’s record'.
Clause 32 is substituted to require supply of soft copies of full annual reports to email-registered shareholders, hard copy of salient features statement to others, and hard copies of full reports upon request.
Issuer agrees to submit voting results details including shareholder attendance and voting breakdown in the specified format within 48 hours of General Meeting conclusion.
Unaudited financial results shall be subjected to limited review by statutory auditors and submitted within forty-five days from the end of the quarter.
Issuer shall submit audited financial results for the entire financial year within sixty days and include last quarter results as balancing figures.
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Source: SecMarx — Amendments to the Equity, IDR and SME Equity Listing Agreements. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.