TaxTMI 
TaxTMI 
Financial Results
X X X X Extracts X X X X
X X X X Extracts X X X X
....thentication and publication of annual and ^17[quarterly] financial results: ^18[(a) Un-audited financial results on quarterly basis shall be accompanied by limited review report prepared by the statutory auditors of the listed entity, in the format as specified by the Board: Provided that in case of issuers whose accounts are audited by the Comptroller and Auditor General of India, the report shall be provided by any practising Chartered Accountant.] ^49[(b) The quarterly financial results submitted shall be approved by the board of directors.] ^50[(ba) The financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole time director or in the absence of all of them, it shall be signed by any other director of the listed entity who is duly authorized by the board of directors to sign the financial results.] (c) The audited results for the year shall be submitted to the recognised stock exchange(s) in the same format as is applicable for ^20[quarterly] financial results. ^21[(d) The annual audited standalone and consolidated financial results for the financial ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lts, shall disclose the following line items along with the financial results: (a) debt-equity ratio; (b) debt service coverage ratio; (c) interest service coverage ratio; (d) outstanding redeemable preference shares (quantity and value); (e) capital redemption reserve/debenture redemption reserve; (f) net worth; (g) net profit after tax; (h) earnings per share: (i) current ratio; (j) long term debt to working capital; (k) bad debts to Account receivable ratio; (l) current liability ratio; (m) total debts to total assets; (n) debtors' turnover; (o) inventory turnover; (p) operating margin percent; (q) net profit margin percent: Provided that if the information mentioned in sub-regulation (4) above is not applicable to the listed entity, it shall disclose such other ratio/equivalent financial information, as may be required to be maintained under applicable laws, if any.] ^30[****] (6) The listed entity which has listed its non convertible redeemable preference shares shall make the following additional disclosures as....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ong with the line items referred to in sub-regulation (4), in the newspaper ^47[:]] ^48[Provided further that listed entities may publish only a window advertisement in the newspapers that refers to a Quick Response Code and the link of the website of the listed entity and stock exchange(s), where such financial results are available and capable of being accessed by the investors subject to the following conditions: i. For non-convertible securities outstanding as on the date of notification of this proviso, the listed entity has obtained the prior approval from the debenture trustee; ii. In case of any issuances after the date of notification of this proviso, the listed entity shall either make a disclosure in the offer document regarding the window advertisement in the newspapers or obtain prior approval from the debenture trustee.] ************* NOTES:- 1 Substituted for 'either Form A for audit report with unmodified opinion, or Form B' by SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016, w.e.f. 01.04.2016. 2 Inserted by SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Re....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... [***]^6." 15. Omitted Vide Notification No. SEBI/LAD-NRO/GN/2021/42 dated 13-08-2021 before it was read as: "(a) credit rating and change in credit rating (if any); (b) asset cover available, in case of non convertible debt securities; (d) previous due date for the payment of interest/ dividend for non-convertible redeemable preference shares/ repayment of principal of non-convertible preference shares /non convertible debt securities and whether the same has been paid or not; and, (e) next due date for the payment of interest/ dividend of non-convertible preference shares /principal along with the amount of interest/ dividend of non-convertible preference shares payable and the redemption amount;" 16. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as "(1)The listed entity shall prepare and submit un-audited or audited financial results on a half yearly basis in the format as specified by the Board within forty five days from the end of the half year to the recognised stock exchange(s)." 17. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as "half....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ied by respective regulators." 30. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as "^13[(5) The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents.]" 31. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as "(a) profit for the half year and cumulative profit for the year;" 32. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was read as "(7) The listed entity shall submit to the stock exchange on a half yearly basis along with the half yearly financial results, a statement indicating material deviations, if any, in the use of proceeds of issue of non convertible debt securities and non-convertible redeemable preference shares from the objects stated in the offer document." 33. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 34. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 before it was ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ervice coverage ratio, ^27[****] and interest service coverage ratio shall not be applicable for banks or non banking financial companies ^28[/housing finance companies] registered with the Reserve Bank of India. ^29[****] ^26[(m) current ratio; (n) long term debt to working capital; (o) bad debts to Account receivable ratio; (p) current liability ratio; (q) total debts to total assets; (r) debtors turnover; (s) inventory turnover; (t) operating margin (%); (u) net profit margin (%); (v) sector specific equivalent ratios, as applicable.]" 42. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/103 dated 14-11-2022 before it was read as, "^32[(7) The listed entity shall within forty-five days from the end of every quarter submit to the stock exchange, a statement indicating the utilization of issue proceeds of non-convertible securities, which shall be continued to be given till such time the issue proceeds have been fully utilised or the purpose for which these proceeds were raised has been achieved.]" 43. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/103 dated 14-11-2022 before it was re....