Top 250 Listed Cos. must Promptly Address Media Rumours on Specific Material Events w.e.f. the Date Specified by SEBI
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Notification No. SEBI/LAD-NRO/GN/2023/155, Dated: 09.10.2023
SEBI has notified an amendment in the proviso to Reg 30(11) of LODR Regulations, 2015. As per the amended norms, the top 250 listed entities must confirm, deny or clarify any market rumours w.e.f the date specified by SEBI. Earlier, the top 250 listed entities were required to confirm the rumours w.e.f. 01.04.2024. The same has been omitted. Further, verification by the top 100 listed co(s) shall remain effective from 01.10.2023.
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