Disclose fallout from covid-19, Sebi tells firms
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New Delhi, May 21 -- India's markets regulator on Wednesday directed companies that have publicly traded securities, including shares and bonds, to disclose broad-ranging details about the financial fallout from the coronavirus pandemic.
The Securities and Exchange Board of India (Sebi) found that listed companies have only offered sketchy details related to shutdown of operations and, in some cases, updates about sanitation and safety measures at offices under the listing obligation and disclosure requirements (LODR).
"The number of entities that have disclosed the financial impact is, however, small," Sebi said.
Listed entities, Sebi said, should ensure that all investors have access to timely, adequate and updated information. Follo...
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