The Securities and Exchange Board of India has notified Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
with the aim to consolidate and streamline the provisions of the existing Listing
Agreement thereby ensuring better enforceability and bringing the basic framework
governing the regime of Listed Entities in line with the Companies Act, 2013.
regulations require every listed Company to disclose on its website all such events
or information which has been disclosed to the Stock Exchange(s) and such disclosures
shall be hosted on the website of the Company for a minimum period of five years
and thereafter as per the Archival Policy of the Company.
The securities presently covered by the Regulations are equity and convertible securities,
non convertible preference shares, debt securities, securitized debt instruments,
IDRs and units of mutual funds.
The Company shall host all the disclosures on its website for a minimum period of
5 years. After completion of 5 years from the date of being put on the website,
all such disclosures shall be preserved in a secured server of the Company.
These disclosures, unless otherwise mentioned in the Act itself, shall be hosted
on the website for the specified period and thereafter shall be moved/transferred
to Archives folders under the respective heads / sub-folders, in a way so that these
can be searched easily as and when required by any person. The documents/disclosures
shall be kept in the archive folders till such time as may be required by law.
Such disclosures shall be preserved in a logical manner viz. as per nature of disclosures,
date of disclosures etc. under the heading “Past Events/ Information/ Data” and
shall be retrievable from the server as and when required. The Disclosures would
be retained on the website of the Company for the prescribed period/such period
as may be decided by the 3 Chairman cum Managing Director / Vice Chairman/Whole-time
Director& CFO of the Company who can delegate such powers to any Director or KMP
of the Company.
The disclosures shall be in a non-editable format and can be deleted from the server
permanently with the approval of Whole- time Director& CFO of the Company.
Acquisition(s) (including agreement to acquire), Scheme of Arrangement
(amalgamation/ merger/ demerger/restructuring), or sale or disposal of any unit(s),
division(s) or subsidiary of the listed entity or any other restructuring.
Explanation:-For the purpose of this sub-para, the word 'acquisition' shall
acquiring control, whether directly
or indirectly; or,
acquiring or agreeing to acquire shares
or voting rights in, a company, whether directly or indirectly, such that –
the listed entity holds shares or
voting rights aggregating to five per cent or more of the shares or voting rights
in the said company, or;
there has been a change in holding
from the last disclosure made under subclause (a) of clause (ii) of the Explanation
to this sub-para and such change exceeds two percent of the total shareholding or
voting rights in the said company.
Issuance or forfeiture of securities, split or consolidation of
shares, buyback of securities, any restriction on transferability of securities
or alteration in terms or structure of existing securities including forfeiture,
reissue of forfeited securities, alteration of calls, redemption of securities etc.
Outcome of Meetings of the Board of Directors: The listed entity
shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting,
held to consider the following:
dividends and/or cash bonuses recommended
or declared or the decision to pass any dividend and the date on which dividend
shall be paid/dispatched;
any cancellation of dividend with reasons
the decision on buyback of securities;
the decision with respect to fund raising
proposed to be undertaken.
increase in capital by issue of bonus
shares through capitalization including the date on which such bonus shares shall
reissue of forfeited shares or securities,
or the issue of shares or securities held in reserve for future issue or the creation
in any form or manner of new shares or securities or any other rights, privileges
or benefits to subscribe to;
. short particulars of any other alterations
of capital, including calls;
decision on voluntary delisting by
the Company from the Stock Exchange(s).