Guidance on filing Announcements through BSE listing centre pursuant to the SEBI (Listing Obligation and Disclosure Requirement) (Second Amendment) Regulations, 2023 (“Amended Regulations”)

• Notice No: 20230714-34
• Notice Date: 14 Jul 2023
• Category: Circulars Listed Companies
• Segment: General

The Company Secretary

All Listed Entities 

SEBI vide its Notification No. SEBI/LAD-NRO/GN/2023/131 dated June 14, 2023 further amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’). The Amended Regulations provides for various amendments and additions in the existing disclosure requirements.

In order to bring more transparency and ensure timely disclosure of material events / information by listed entities, SEBI vide its Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘Circular’) has provided further guidance w.r.t the disclosure requirements under Regulation 30 and 30A of SEBI LODR.

In view of the above, all listed entities are required to take note of the below key points while filing the disclosure of events/information under Regulation 30 of SEBI LODR:

(i)         In case of any event emanating from a decision taken in a meeting of board of directors, the listed entities shall:

(a)    In case the prior intimation is not required (under necessary provisions) for said meeting of Board of Directors, Company is required to:

file the disclosure in the PDF form “General Announcement/ General Updates” > and mention subject as “Outcome of Board Meeting”

(b)   Mention the Start & End time of the Meeting of the Board of Directors

(c)    Modify the Announcement Text accordingly specifying the subject of event

(ii)       The listed entities shall mandatorily mention the Date & Time of occurrence of the event/information in all the PDF disclosures filed with the Exchange under Regulation 30.

(iii)     In case of any delayed submission, the listed entity shall ensure that the PDF disclosure filed specifies the reason of delay.

The listed entities are requested to take note of the aforementioned disclosure requirements and exercise abundant precaution while filing the disclosure/announcement under Regulation 30 of SEBI LODR.

Ashok kumar Singh   DGM- Listing Compliance

Shyam Bhagirath   Manager-Listing Compliance