The Securities and Exchange Board of India (SEBI) has granted a limited relaxation from the requirement of sending hard copies of the financial statement, including consolidated financial statement, Auditor’s report and other documents as specified under Section 136 of the Companies Act, 2013 to the holders of Non-convertible securities. This relaxation is effective immediately.
Entities that have listed its non-convertible securities and have not sent hard copies of the statement containing the salient features of all the documents as specified under Section 136 of the Companies Act, 2013 and rules made thereunder to the holders of non-convertible securities who have not registered their email addresses will not face penal action for non-compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the period October 01, 2024 to June 05, 2025.
A similar relaxation is granted for the period June 06, 2025 to September 30, 2025, provided that the advertisement issued under Regulation 52(8) of the SEBI (LODR) Regulations shall disclose the web-link to the statement containing the salient features of all such documents, as specified in Section 136 of Companies Act, 2013 and the applicable rules, so as to enable the holder of non-convertible securities to have access to the said the statement.
Refer the circular hyperlinked below for ease of reference.
Source: SEBI
