SEBI vide circular dated March 23, 2020 specified guidelines for relaxation from compliance with certain provisions of the SEBI LODR Regulations and other SEBI Circulars due to the COVID -19 virus pandemic.
In partial amendment to the aforesaid circular, it has been decided to extend the relaxation provided in the circular for issuers who intend/propose to list their NonConvertible Debentures (NCDs) /Non-Convertible Redeemable Preference Share (NCRPS) /Commercial Papers (CPs) for disclosure of financial results for another one month.
Accordingly, Clause 5 of the circular stands modified as under:
“In order to enable listed issuers who intend/propose to list their NCD/NCRPS/CPs, it has been decided to grant the following relaxations in timelines:
| Particulars | Available Financials | Date for issuance | Extended date for issuance | Period of relaxation |
| Cut-off date for issuance of NCDs/NCRPS /CPs | As on September 30, 2019 | On or before March 31, 2020 | On or before June 30, 2020 | 91 days |
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