SEBI Revised Formats for filing Financial information for issuers of non-convertible securities

Last updated: 07 October 2021

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The Securities and Exchange Board of India (SEBI) has revised the formats for companies issuing non-convertible securities. This circular mandates quarterly financial disclosures, including assets, liabilities, and cash flows, and introduces specific changes to financial result line items. The updated formats apply to standalone and consolidated financial results, as well as statements of assets and liabilities and cash flows on a half-yearly basis.

Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS/CIR/2021/0000000637 October 5, 2021 To, Listed entities(whose non-convertible securities are listed)Recognized Stock Exchanges Madam/ Sir, Sub: Revised Formats for filing Financial information 1. Vide notification dated September 07, 2021, Regulation 52 of theSEBI (Listing Obligations and Disclosure Requirements), Regulations 2015(Listing Regulations) were amended,inter-alia, mandating entities that have listed

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FAQ :

The circular introduces revised formats for filing financial information by entities that have listed non-convertible securities, as per amendments to Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Listed entities with non-convertible securities must disclose financial results on a quarterly basis, including statements of assets & liabilities and cash flows, along with specific changes in line items.

Yes, the circular provides revised formats for standalone financial results on a quarterly basis and for both standalone and consolidated financial results on an annual basis.

The Statement of Assets and Liabilities, to be disclosed on a half-yearly basis, must contain items as prescribed in the format of the Balance Sheet in Schedule III of the Companies Act, 2013.

The Statement of Cash Flows, also to be disclosed on a half-yearly basis, should be prepared under the indirect method as per Accounting Standard-3/Indian Accounting Standard 7.

If a listed entity fails to submit or delays submitting financial results, it must disclose detailed reasons to the stock exchanges within one working day of the due date.