In the view of the second wave of COVID-19 cases, market regulator Securities and Exchange Board of India (SEBI) on Thursday eased various compliance requirements, giving listed companies time till June 30 to file their financial results for January-March quarter and fiscal year 2020-21.
In a circular, SEBI said it received representations from listed entities, professional bodies, industry associations, market participants, among others, requesting extension of timelines for various filings and relaxation from certain compliance obligations due to the ongoing second wave of COVID-19 pandemic and restrictions imposed by various state governments.
Accordingly, the regulator agreed to extend the timeline for filing quarterly and annual financial results till June 30.
Normally, companies have to file their quarterly results within 45 days from the end of the quarter, which is May 15 for March quarter, and annual results within 60 days from the end of the financial year, which is May 30.
News Source: businesstoday