Amid COVID-19 Lockdowns, SEBI Allows Companies To Report Q4, FY20 Results By 30 June

On Thursday, the Securities and Exchange Board of India (SEBI) relaxed certain listing disclosure obligations to provide a breather to companies compile amid coronavirus-related shutdowns.

Among other things, the markets regulator allowed listed companies to submit their March-ended quarter and fiscal 2019-20 results by 30 June, instead of 15 May.

The period of filing the shareholding pattern was relaxed by three weeks, and the time period for filing the quarterly corporate governance report was eased by a month.

"The Covid-19 virus has hit populations around the world and has restricted free movement of people, thereby hampering businesses and day-to-day functioning of companies," Sebi said in a release.

"Developments arising due to the spread of the virus have warranted the need for temporary relaxations in compliance requirements for listed entities," it added.