The Securities and Exchange Board of India through notification dated 7th September, 2021 has issued the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021. The amendment provides that the listed entity shall give prior intimation to the stock exchange of at least two working days in advance, excluding the date of the intimation and the date of the meeting of the board of directors, about the Board meeting in which any of the following proposals is to be considered:
- An alteration in the form or nature of non-convertible securities that are listed on the stock exchange or in the rights or privileges of the holders thereof;
- An alteration in the date of the interest/ dividend/redemption payment of non-convertible securities;
- Financial results viz. quarterly or annual, as the case may be;
- Fund raising by way of issuance of non-convertible securities; or(e) any matter affecting the rights or interests of holders of non-convertible securities.
The amendment also provides that the annual audited standalone and consolidated financial results for the financial years shall be submitted to the stock exchange(s) within sixty days from the end of the financial year along with the audit report.
