Dear Sir \ Madam
This Industry Standards Note has been published to:
Facilitate uniform approach and assist listed entities in complying with their obligations in respect of confirmation/ denial/ clarification of market rumours, as per the proviso to Regulation 30(11) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) (the “Rumour Verification Requirement”); and set out standard operating procedures for compliance with the Rumour Verification Requirement.
This Industry Standards Note has been prepared in consultation with SEBI. Any addition/ modification/ alteration to this Industry Standards Note shall be made only in consultation with SEBI. This Industry Standards Note is available on the websites of the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (collectively, the “Stock Exchanges”). Further, the same is hosted on the websites of the Federation of Indian Chambers of Commerce and Industry (FICCI) accessible at https://ficci.in/, the Associated Chambers of Commerce & Industry of India (ASSOCHAM), accessible at https://www.assocham.org/, and the Confederation of Indian Industry (CII), accessible at https://www.cii.in/.
The listed entities shall follow this Industry Standards Note to ensure compliance with the Rumour Verification Requirement.
The aforesaid note is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Ashok kumar Singh
DGM-Listing Compliance
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Shyam Bhagirath
Manager-Listing Compliance
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