Accordingly, for the highest 250 listed entities, it should come into impact from April 1, 2024.
The choice taken by the Sebi board on Wednesday was to carry extra transparency and to make sure well timed disclosure of fabric occasions or info by listed entities.
“Stricter timeline for disclosure of fabric occasions/info for which choice has been taken within the assembly of the board of administrators (inside half-hour) and that are emanating from inside the listed entity (inside 12 hours),” Sebi mentioned.
In the meantime, on Wednesday, Sebi chairperson
On March 2, the Supreme Court docket arrange an skilled committee amid the controversy arising out of a report by US short-seller
“We by no means touch upon entity-specific issues and on high of that, the matter is earlier than the Supreme Court docket. We by no means touch upon sub-judice issues,” Buch mentioned at a press convention after its board assembly.
“We are going to comply with the recommendation of the Supreme Court docket. We’re duty-bound to comply with regardless of the Supreme Court docket has mentioned,” she mentioned, including, “We are going to comply with the Supreme Court docket order in letter and spirit.”
The January 24 Hindenburg report alleged inventory manipulation and accounting fraud by the conglomerate. Over the previous few weeks because the Hindenburg report, share costs of most firms within the Adani Group have dropped considerably, although to various levels.
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