SEBI fixed timeline for submission and publication of financial results by listed companies

Securities and exchange board of India fixed Timelines for submission and publication of financial results by listed entities

To streamline the submission of financial results by listed entities by making it uniform and to reduce the timeline for submission of the same to the stock exchanges, SEBI decided that listed entities shall disclose, on standalone or consolidated basis, their quarterly (audited or un-audited with limited review), financial results within 45 days of the end of every quarter.

Secondly, audited annual results on stand-alone as well as consolidated basis, shall be disclosed within 60 days from the end of the financial year for those entities which opt to submit their annual audited results in lieu of the last quarter unaudited financial results with limited review.

and With regard to publication of consolidated financial results alone, the following, viz.,(a) Turnover (b) Profit before tax and (c) Profit after tax on a stand-alone basis shall also be published

(Listing conditions-Amendments to the Equity Listing Agreement CIR/CFD/DIL/1/2010) source www.sebi.gov.in