Sebi Issues Format for Financial Results Disclosure

Capital markets regulator Sebi on Friday issued a format for companies, which have listed their debt securities and non-cumulative redeemable preference shares on the exchanges, for disclosing financial results.
The listed companies need to submit the half yearly financial results, year-to-date figures details for the current fiscal along with comparative figures for the year ago period. All figures should be in lakh.

Under the format, firms will have to disclose about net sales, net profit, expenditures, exceptional items, paid-up capital, earnings per share, among others.

Apart from these disclosure, banks and NBFCs will have to make submission about non-performing assets (NPA) and capital adequacy ratios.

"In order to enable investors make well-informed investment decisions, timely, adequate and accurate disclosure of financial results on a periodical basis is critical," Securities and Exchange Board of India (Sebi) said in a circular.

"At the same time, to ensure comparability, uniformity and parity in disclosures made by listed entities across stock exchanges, is essential," it added.

Source : NDTV