Compliances for Listed Company

The Business responsibility report shall be applicable to the top 1000 listed entities (by market capitalization), for reporting on a voluntary basis for Financial Year 2021 -22 and on a mandatory basis from Financial Year 2022–23.

Further as per Regulation 43A. the top five hundred listed entities based on market capitalization (calculated as on March 31 of every financial year) shall formulate a dividend distribution policy which shall be required to disclosed in their annual reports and on their websites.

The Company has to intimate to the Stock Exchange about the material events which will have a bearing on the performance / operations of the company as well as price sensitive information both at the time of occurrence of the event and subsequently after the cessation of the event.

The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information.

Regulation 30(1) and 30(2) - SEBI Takeover Regulations 2011

30(1) Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise twenty-five percent or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified.

30 (2) The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified.

The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the end of each financial year to;

Every stock exchange where the shares of the target company are listed; and the target company at its registered office.

Regulation 7(2) - SEBI (Prohibition of Insider Trading) Regulations, 2015.

7 (2) Continual Disclosures

(a) Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees or such other value as may be specified;

(b) Every company shall notify the particulars of such trading to the stock exchange on which the securities are listed within two trading days of receipt of the disclosure or from becoming aware of such information.

Provided that in case of listed entities that have listed their specified securities on SME Exchange, the above statements shall be submitted on a half-yearly basis within 21 days from the end of each half-year.

Provided that if the listed entity has subsidiaries, it shall, while submitting annual audited standalone financial results also submit annual audited consolidated financial results along with the audit report and Statement on Impact of Audit Qualifications (applicable for audit report with modified opinion).

Provided further that, in case of audit reports with unmodified opinion(s), the listed entity shall furnish a declaration to that effect to the Stock Exchange(s) along with the annual audited financial results.

For the purpose of this Financial Result regulations, any reference to 'quarterly/quarter' in case of listed entity which has listed their specified securities on SME Exchange shall be respectively read as 'half yearly'