Disclosure of reasons for delay in submission of financial results by listed entities

SEBI has issued circular dated November 19, 2018 regarding disclosure of detailed reasons for delay in submission of financial results in accordance with the timelines specified in Regulation 33 of Listing Regulations. In case of delay, the listed entity directed to disclose detailed reasons for such delay to the stock exchanges within one working day of the due date of submission for the results as required under Regulation 33.

However, if the decision to delay the results was taken by the listed entity prior to the due date, the listed entity shall disclose detailed reasons for such delay to the stock exchanges within one working day of such decision