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<h1>Indian Companies Urged to Issue Quarterly Reports for Transparency and Engagement, Following Estimates Committee Recommendation.</h1> The circular addresses the recommendation from the Estimates Committee for companies engaged in production to issue quarterly reports to shareholders and stock exchanges. These reports should include a general survey of business development, comparative figures on production and sales, and current and future prospects. The aim is to foster a closer relationship between shareholders and companies, reduce market manipulation by rumors, and provide a sound basis for investment decisions. The practice of issuing such reports is common in countries like the USA and UK, and the government encourages Indian companies to adopt this practice to improve transparency and shareholder engagement.