Sebi: Sebi tightens disclosure standards for newly listed companies

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed tightening the financial results disclosure standards of newly listed companies.

Currently, public companies are required to report financial results within 45 days of the end of each quarter.

“In cases where companies are listed close to the required schedule for reporting financial results, they would be required to report the first financial results within a very short period of time after listing. Because financial results are price-sensitive information, such disclosures must be made promptly, and the post-listing can have a major impact on the company’s share price even before the price of its scrip has stabilized post-listing,” Sebi said in a discussion paper on Tuesday.

The regulator said to give newly listed companies ample time.

https://economictimes.indiatimes.com/markets/stocks/news/sebi-to-tighten-disclosure-norms-for-newly-listed-companies/articleshow/98135426.cms Sebi: Sebi tightens disclosure standards for newly listed companies

Luke Plunkett

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