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<h1>SEBI Updates Listing Agreement: New Accounting Standards, Mandatory Segment Reporting, and Consolidated Financial Statements Now Required.</h1> The Securities and Exchange Board of India (SEBI) has amended the Listing Agreement to align with new Accounting Standards from the Institute of Chartered Accountants of India. Key changes include mandatory segment reporting, compliance with the accounting standard for taxes on income, and the option for companies to publish consolidated quarterly financial results. Annual results must follow the same format as quarterly results. A revised format for the Limited Review Report is introduced. Companies are now required to publish and audit consolidated financial statements, disclose related party transactions, and comply with all ICAI-issued Accounting Standards. Stock exchanges must implement these changes immediately.