a) SEBI vide circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/106 dated June 24, 2020 has provided further extension of time for submission of financial results for the quarter/half year/financial year ending 31stMarch 2020 due to the continuing impact of the CoVID-19 pandemic.
b) SEBI vide circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020and circular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020,had extended the timeline for submission of financial results under regulations33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) to June 30, 2020 (extension of one month) due to the impact of the CoVID-19 pandemic.
c) SEBI has received representations from listed entities, Chartered Accountant firms, and industry bodies/associations seeking further extension of time for preparation, finalization and submission of financial results for listed entities for the quarter/half year/financial year ending 31stMarch 2020,due to many reasons, like the continuing lockdown, subsidiaries and associates situated in containment zones making the audit process challenging and other operational challenges due to the CoVID-19 pandemic.
d) After taking into consideration the aforementioned issues, it has been decided to further extend the timeline for submission of financial results under Regulation 33 of the LODR Regulations, by a month to July 31, 2020,for the quarter and the year ending31stMarch 2020. Similarly, the timeline under Regulation 52 of the LODR for submission of half yearly and/or annual financial results for the period ending March 31,2020 for entities that have listed NCDs, NCRPS’, CPs, MDS is also extended to July 31, 2020.
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