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The Tax PublishersCircular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/7, dt. 25-01-2024
Extension of timeline for verification of market rumours by listed entities
1. The proviso to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations') inter-alia requires top 100 listed entities by market capitalization and thereafter the top 250 listed entities by market capitalization to mandatorily verify and confirm, deny or clarify market rumours from the date as may be specified by SEBI. Further, SEBI vide Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/162 dt. 30-09-2023, has made the said provision applicable to top 100 listed entities by market capitalization from 01-02-2024 and to top 250 listed entities by market capitalization from 01-08-2024.
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