SEBI Update – Extension of timeline for verification of market rumours by listed entities

The proviso to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) inter-alia requires the top 100 listed entities by market capitalization with effect from October 1, 2023, and top 250 listed entities by market capitalization with effect from April 1, 2024, to mandatorily verify and confirm, deny or clarify market rumours.

It has been decided to extend the effective date of implementation of the provision to regulation 30(11) of the LODR Regulations for the top 100 listed entities by market capitalization, to February 1, 2024, and for the top 250 listed entities by market capitalization, to August 1, 2024.

Link – https://www.sebi.gov.in/legal/circulars/sep-2023/extension-of-timeline-for-verification-of-market-rumours-by-listed-entities_77488.html