Sebi directs companies to tell investors impact of covid-19 on businesses
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MUMBAI, May 20 -- Securities and Exchange Board of India (Sebi) on Wednesday asked companies to tell investors the impact of covid-19 on their businesses. Listed entities should endeavour to ensure that all investors have access to timely, adequate and updated information, Sebi said in a circular. Companies will now have to evaluate and disclose impact of the pandemic on their performance and financials, both qualitatively and quantitatively, the capital markets regulator said.
The disclosures will have to cover the impact on capital and financial resources, profitability, liquidity, ability to service debt and other financial liabilities, assets, internal financial controls, supply chain, demand for products and services, existing contr...
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