[ad_1]
Sebi on Friday extended by one year, until September 30, 2025, the relaxation given to listed companies in sending physical copies of financial statements to shareholders for annual general meetings (AGMs).
The relaxation was valid until September 2024.
Click here to join us on WhatsApp
The new decision comes after the Ministry of Corporate Affairs (MCA), through a circular dated September 19, 2024, extended the relaxation in sending physical copies of financial statements (including board report, the auditor’s report or other documents) to shareholders, for AGMs held until September. 30, 2025.
Besides, the Securities and Exchange Board of India (Sebi) had received representations seeking to extend the relaxation.
In this context, the market monitoring body has decided to relax until September 30, 2025 the LODR (Listing Obligations and Disclosure Requirements) regulations, relating to the sending of paper copies to shareholders.
LODR rules require listed companies to send a hard copy of the declaration containing the main features of all documents (financial statements, board of directors’ report, auditor’s report) to shareholders who have not registered their address e-mail.
However, Sebi said listed entities are required to send hard copies of complete annual reports to shareholders who request them.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First publication: October 4, 2024 | 7:14 p.m. STI