XBRL for delisted Company

Hi Rajendra,

For a delisted public limited company, the XBRL filing requirement depends on whether the company still meets the criteria prescribed by the Ministry of Corporate Affairs (MCA) for mandatory XBRL filing.

Key points:

• XBRL filing is mandatory for certain class of companies based on their paid-up capital, turnover, and net worth, regardless of whether they are listed or delisted.

• If the company does not meet the threshold criteria prescribed by MCA (e.g., paid-up capital less than Rs. 5 crore, turnover less than Rs. 100 crore, net worth less than Rs. 50 crore, etc. — thresholds may vary by notification), then XBRL filing may not be mandatory.

• The fact that the company is delisted does not automatically exempt it from XBRL filing if it meets the threshold limits.

• However, if the company is no longer listed and falls below MCA’s threshold limits, it can file its financials in non-XBRL format (i.e., normal PDF filing).

Recommendation:

• Check MCA notification dated 28th Feb 2020 (and any subsequent updates) for the latest XBRL filing thresholds.

• Verify your company’s financial parameters.

• If above thresholds, XBRL filing is required, even if delisted.

• If below thresholds, XBRL filing is not mandatory.

In summary:
Delisted status alone does not exempt a public limited company from XBRL filing. The key factor is whether it meets MCA’s XBRL filing thresholds.