NSE seek comment on XBRL for submission of Announcements pertaining to all notices of Shareholders Meeting

National stock Exchange of India

Circular Ref No: NSE/CML/2023/04 Date: January 10, 2023

The Company Secretary
All Listed Companies

Subject: Seeking of comments / feedback on the XBRL being introduced for submission of Announcements pertaining to all notices of Shareholders Meeting in phase manner

1. OBJECTIVE:

The objective of this document is to seek comments / feedback on the proposal to migrate from Portable Document Format (PDF) to eXtensible Business Reporting Language (XBRL) format for submitting corporate announcements pertaining to all notices of shareholders meeting as required under the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) read alongwith SEBI Circular dated September 09, 2015, as amended from time to time and such applicable laws.

2. BACKGROUND:

Listed entities are required to submit periodical compliance filings to Stock Exchange(s) within prescribed timelines as laid down in SEBI Listing Regulations and accordingly it was mandated to report XBRL based filings for financials from year 2015 onwards.

Over the period, Stock Exchanges in phase manner has been aiming to convert filings made under SEBI Regulations from PDF to XBRL. Listed entities file various disclosures under Regulation 30 of LODR with such details as are sought under the applicable Regulations/Circulars. With an objective to standardise securities market data it was deliberated that XBRL would be implemented for all corporate filings.

Accordingly, Stock Exchanges have implemented XBRL based compliance filing mechanism featuring identical and homogenous compliance data structures which will not only ease the compliance burden on listed entities but also will enable analysis on the data submitted by the listed entities.

Hence in this regard, filing of announcement pertaining to all notices of shareholders meeting, would require listed entities to file the same in XBRL exclusively in the phase manner as per below, formats of which are made available in para 4 hereinbelow:

Phase I – Details of only the agenda heading will be captured

Phase II – All the details forming part of the notice will be captured

3. ISSUES AND DELIBERATIONS:

Please note that the details required are typically descriptive in nature and based on the LODR provisions and applicable SEBI Circular. Accordingly, listed entities can provide their comments/feedback/suggestions/observations pertaining to any additions/modifications in the fields of the attached format for Phase I.

Further circular related to Phase II will be issued at a later stage.

4. COMMENTS FROM LISTED ENTITIES

Considering the implications of the XBRL filing by listed entities, comments in respect of the subject are solicited. Comments may be sent by email to DL-Announcement@nse.co.in  in the following format:

Phase – I – Details of only the agenda heading will be captured

While sending email, kindly mention the subject as “Comments / Feedback on the XBRL being introduced for notice of shareholders meeting”

The comments may be sent by email to DL-Announcement@nse.co.in latest by January 12, 2023.

Enclosed is the draft format for the XBRL being introduced.

Yours faithfully,

For National Stock Exchange of India Limited

Dhaval Shah

Manager – Listing

Encl: Draft Format for XBRL being introduced for Notice of Shareholders Meeting

Annexure I

Ordinary Resolution category

Adoption of Financial Statements

Appointment of Statutory Auditors

Appointment of Branch Auditors

Appointment/ Re-appointment of Director

Issue of Bonus Shares

Cessation of Directorship

Change in Authorized Capital

Change in terms of appointment of a Director

Approval for appointment under Casual Vacancy

Confirmation of Dividend Paid

Declaration of Dividend

Donation to Charitable trusts

Office of Profit

Promoters Re-classification

Remuneration of Statutory Auditors

Ratification of appointment of Statutory Auditors

Ratification of Remuneration of Cost Auditors

Related Party Transaction

Stock Split

Removal Of Director

Acceptance of Deposits

Payment of Royalty

Retiring Director not seeking re-appointment

Approval for remuneration of Chairman of the Bank

Appointment of Cost Auditors

Grant of ESOP options to Directors

Special Resolution category

Alteration in Memorandum of Association / Articles of Association

Appointment of Director

Approval/ Ratification of ESOP Scheme

Approval of ESOPs to employees of Subsidiaries/ Holding Company

Capital Reduction

Change in Name of Company

Change in Objects Clause

Change in Registered Office

Continuation of Non-executive Director above 75 years of age

Approval for authorization to ESOP Trust for Secondary Acquisition

Loan to ESOP Trust for ESOP Scheme

Continuation of Independent Director above 75 years of age

Conversion of Loan into Equity

Creation of Charge on Company’s Assets

Debt Restructuring

Delisting of Shares

Disposal of Shares in Subsidiary

ESOP Repricing

Fee for Service of Document

FII Investment Limit

Increase in Board strength

Increase in Borrowing Limits

Inter-Corporate Loans/ Guarantees/ Investments

Issue of Equity shares

Issue of non-convertible debt securities

Issue of Preference shares

Issue of Securities

Place for keeping registers & documents

Removal of Statutory Auditors

Remuneration/ Revision in remuneration of Executive Directors

Sale of Assets

Share Buy back

Variation in terms of IPO Proceeds

Waiver of Excess Remuneration

Continuation of Executive Director above 70 years of age

Acquisition of shares

Ordinary / Special Resolution category

Changes due to Shareholders Agreement

Change in Designation of Director

Payment of Commission to Independent Directors

Payment of Commission to Non-Executive Directors

Scheme of Arrangement

Appointment / Re-appointment of Executive Directors (Including Remuneration)

Appointment/ Re-appointment of Non-Executive Director (Including Remuneration)