SMD/Policy/Cir-11 /02
May 10, 2002


The Executive Director/Managing Director Of all the Stock Exchanges Dear Sir/Madam,

SUB: Amendment to the Listing Agreement

The Accounting Standards Committee of SEBI has recommended certain amendments in the Clause 41 of the Listing Agreement.

It has been decided to implement the following recommendations of the Committee:

Amendment to Clause 41 of the Listing Agreement

Disclosure of audit qualifications:

i.Audit qualifications shall be disclosed in the un-audited/audited financial results published by companies under Clause 41 of the Listing Agreement alongwith the impact of audit qualifications on the profit or loss when there is an audit qualification in the accounts of a listed company, the stock exchange shall ask the company to explain Why there is audit qualification in their accounts,why the company failed to publish accounts without audit ualifications and when the company will remove the qualifications and publish account without qualifications.

The Exchanges are advised to incorporate the above amendments in the Listing Agreement immediately and also confirm compliance.

Yours faithfully,

Encl.: as above.



(Rs. in Lakhs)
Particulars (1)Figures for the 9 months (2)Figures for the last quarter (3)Figures for the corresponding quarter of the previous year (4)Audited figures for the current year (5)Audited figures for the previous year
1. Net Sales/Incomefrom Operations
  1. Other Income
Total Expenditure

  1. Increase/decrease in stock in trade
  2. Consumption of raw materials
  3. Staff cost
  4. Other expenditure

(Any item exceeding 10% of the total expenditure to be shown separately).

  1. Interest
Profit (+)/Loss(-) before tax (1+2-3-4-5)
Provision for taxation
Net Profit (+)/Loss (-) (6-7)
Paid-up equity share capital (face value of the share shall be indicated)
Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5)
Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)
(Applicable for half yearly financial results)aggregate of non promoting shareholding*

no. of shares

percentage of shareholding

*Non promoters shareholding- as classified under category B in the shareholding pattern in the Clause 35 of Listing Agreement


All the notes applicable to the format of un-audited quarterly financial results specified under Clause 41 of the Listing Agreement shall also be applicable to this format.

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