Now listed entities are not required to disclose information relating to credit rating in their financial statements: SEBI
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- Last Updated on 17 August, 2021
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NOTIFICATION NO. NO. SEBI/LAD-NRO/GN/2021/42, Dated 13.08.2021
The SEBI has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 wherein rule 52 has been amended. As a result, listed entities while submitting half-yearly/annual financial results, are not required to disclose the following information:
a) Credit rating and change in credit rating (if any),
b) Asset cover available, in case of non-convertible debt securities, and the previous due date for the payment of interest/ dividend.
c) the 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,
d) 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.
Read the Full Circular Here
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