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SEBI has made key amendments in the Equity Listing, IDR and SME Equity Listing Agreements

SEBI has made key amendments in the Equity Listing, IDR and SME Equity Listing Agreements

The SEBI has made the following key amendments in the Equity Listing, IDR and SME Equity Listing Agreements:

  1. In addition to the existing requirements, each listed entity will also disclose figures in respect of immediately preceding quarter.
  1. In case an issuer opts to submit unaudited financial results, these results should be accompanied by the limited review report at the time of submission to the stock exchange.
  1. Listed entities will also submit the last quarter results along with the audited annual results.
  1. Listed entities will supply soft copies of annual reports to all the shareholders who have registered their email addresses for this purpose.
  1. Listed entities will disclose their voting results, in the prescribed format, to the exchanges and also place the same on their websites, within 48 hours from the conclusion of the concerned shareholders’ meeting.Currently, this requirement will be applicable to top 500 listed entities based on market capitalization computed at the date of this amendment (5 October 2011).

Amendments at 1 to 4 above are applicable from the quarter/ financial year ending 31 December 2011. Amendment at 5 above is applicable to all shareholders’ meetings for which notices are issued on or after 1 January 2012.

Detailed circular is attached.

1Circular(1)