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SEBI further extended due date for submission of financials for March'20 to 31st July 2020

Furth

er e

xtension of time for submission of financial results for the quarter

/half

year

/financial

year ending 31

st

March 2020

due to

the continuing impact of the

CoVID

-

19 pandemic

1.

SEBI

,

vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020

and

c

ircular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020

,

had extended

the timeline for submission of financial results under

r

egulation

s

33

and 52

of

the

SEBI

(

Listing Obligations and Disclosure Requirements) Re

gulations

, 2015 (

L

ODR

Regulations

)

to June 30, 2020 (extension of one month) due to

the impact of the

CoVID

-

19 pandemic.

2.

SEBI has received representations from listed entities, Chartered

Accountant

firms,

and i

ndustry

b

odies

/

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 31

st

March 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.

3.

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

end

i

ng

31

st

March 2020.

Similarly,

the

timeline

under Regulation 52 of the LODR

for

submission of half yearly and/or annual financial results for

the period end

i

ng

March


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