Summary: Listed companies in India must adhere to various event-based compliances under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT). Key events that trigger these compliances include changes in directors, auditors, or key management personnel (KMP), and significant corporate actions like the issuance of notices, press releases, or investor presentations. Compliance must be completed within specific timelines, ranging from 12 to 24 hours for most events. For instance, changes in directors or KMP, amendments to the Memorandum and Articles of Association (MOA and AOA), and rating revisions require notification within 12 hours. Similarly, events such as the resignation of auditors or initiation of forensic audits must be reported within 24 hours. Companies must also maintain transparency in dealings with shareholders and regulatory bodies by providing timely updates on meetings, contracts, and new business ventures. Non-compliance with these regulations can result in penalties, making it crucial for companies to follow the correct reporting procedures and formats, including both PDF and XBRL submissions.
| Particulars | PDF Format | XBRL Format | Regu-lation | Fre-quency | All Months |
| Change in Directors/ KMP/ Auditor / Compliance Officer | Yes | Yes | Reg 30 –
Clause 7 (Sch III) |
Event based | Within 12 hours *
(except in case resignation); Within 24 hours (in case of resignation) |
| Appointment of Director | Yes | Reg 30 –
Clause 7 (Sch III) |
Event based | Within 12 Hrs of event (appointment) | |
| Cessation of Director (Term completion) | Yes | Reg 30 –
Clause 7 (Sch III) |
Event based | Within 12 Hrs of event (on term completion) | |
| Resignation of KMP, senior management, Compliance Officer or director and independent director | Yes | Reg 30 – Clause 7A (Sch III) | Event based | Within 7 days from date of resignation with letter & detailed reason for such event | |
| Resignation of auditor | Yes | Reg 30 – Clause 7A (Sch III) | Event based | Within 24 Hrs of event alongwith Detailed reasons for resignation of auditor, as given by the said auditor | |
| New Rating or Revision in Rating | Yes | Reg 30 –
Clause 3 (Sch III) |
Event based | Within 24 Hrs of event (revision in rating) | |
| Initiation of Forensic Audit | Yes | Reg 30 –
Clause 3 (Sch III) |
Event based | Within 24 Hrs (if initiated by external agency) or Within 12 hours (if initiated by the listed entity) | |
| Intimation of Loss of Share Certificate/ Issue of Duplicate Share Certificate | Yes | Yes | Reg 39(3) | Event based | Within 2 working days of receiving intimation of approved cases from RTA and XBRL within 24 Hrs of upload of PDF |
| Amendments to MOA and AOA of listed entity | Yes | Reg 30 | Event based | Within 12 Hours | |
| Schedule of analysts or institutional investors meet and presentations made by the listed entity to analysts | Yes | Reg 30 | Event based | Intimation at least two working days in advance (excluding the date of the intimation and the date of the meet) * meet” shall mean group meetings or group conference calls conducted physically or through digital means. | |
| Audio or video recordings and transcripts of post earnings / quarterly calls, by whatever name called, conducted physically (investors meet) or through digital means | Yes | Reg 30 | Event based | Presentation and the audio/video recordings (investors meet) shall be promptly made available on the website and stock exchange (by mentioning link of website in pdf disclosure), before the next trading day or within twenty-four hours from the conclusion of such calls, whichever is earlier;
Transcripts of such calls shall be made available on the website and stock exchange (by attaching PDF with cover letter) within five working days of the conclusion of such calls |
|
| Press Release in relation to any event or information which is material for the listed entity | Yes | Reg 30 | Event based | Within 24 hours or 12 hours based upon the materiality | |
| Action(s) taken or orders passed by any regulatory authority or judicial body against the listed entity in respect of the following:
(a) suspension; (b) Imposition of fine (c) settlement of proceedings; (d) debarment; (e) disqualification; (f) closure of operations |
Yes | Reg 30 | Event based | Within 24 Hours of receiving the intimation | |
| Awarding, bagging / receiving, amendment or termination of awarded / bagged orders/ contracts not in the normal course of business | Yes | Reg 30 | Event based | Within 24 hours | |
| 1) Adoption of new line(s) of business
2) Capacity addition or product launch |
Yes | Reg 30 | Event based | Within 12 hours | |
| Issuance of notices, call letters, resolutions and circulars sent to shareholders | Yes | Reg 30 | Event based | Within 12 hours | |
| Newspaper Advertisement- Financials / issuance of notice
(AGM & postal ballot) |
Yes | Reg 30 & 47 | Event based | Within 48 hours of conclusion of the meeting of board of directors in case of financials and within 48 hours of dispatch of notice to shareholders | |
| Prior Intimations- Meeting of the board of directors
1. Financial results viz. quarterly, half yearly, or annual 2. Buyback of securities 3.Voluntary delisting 4. Fund raising by way of FPO, rights issue, preferential issue 5. declaration/ recommendation of dividend |
Yes | Yes | Reg 29 | Event based | It shall be given at least 2 working days in advance, excluding the date of the intimation and date of the meeting and date of meeting needs to be mentioned in intimation(*amendment in May 2024) |
| Any cancellation or termination of proposal for issuance of securities including reasons thereof | Yes | Yes | Reg 30 Para A Part A of Sch III | Event based | Within 12 hours |
| Outcome of Board Meeting for Dividend/ cancellation of dividend, financial results, Buyback, Bonus Issue and decision on voluntary delisting by the listed entity | Yes | Yes | Reg 30 Para A Part A of Sch III | Event based | Within half hour of BM |
| Notice of Shareholders Meeting (AGM & postal ballot) | Yes | Yes | Reg 30 | Event based | Not later than the day of commencement of dispatch to its shareholders. |
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