MANU/SSMD/0008/2016

Ministry : Securities and Exchange Board of India

Department/Board : Corporation Finance Department

Circular No. : CIR/CFD/FAC/62/2016

Date : 05.07.2016

Notification/ Circulars Referred : Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015 MANU/SSMD/0028/2015

Citing Reference:
Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015 MANU/SSMD/0028/2015  Referred

To

All Listed Entities
All Recognized Stock Exchanges

Dear Sir / Madam,

Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities

1. SEBI vide Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015, has prescribed formats for publishing financial results.

2. SEBI, in consultation with the market participants viz. Listed Entities, Stock Exchanges and Members of the Institute of Chartered Accountants of India ('ICAI'), has now decided the following:

Formats:

2.1. The existing formats prescribed in SEBI Circular dated November 30, 2015 for Unaudited/Audited quarterly financial results i.e. Statement of Profit and Loss and the Unaudited/Audited Half-Yearly Balance Sheet to be submitted by the listed entities, with the stock exchanges, shall continue till the period ending December 31, 2016.

For the period ending on or after March 31, 2017, the formats for Unaudited/Audited quarterly financial results i.e. Statement of Profit and Loss and the Unaudited/Audited Half-Yearly Balance Sheet to be submitted by the Listed Entities, with the stock exchanges, shall be as per the formats for Balance Sheet and Statement of Profit and Loss (excluding notes and detailed sub-classification) as prescribed in Schedule III to the Companies Act, 2013. However, Banking Companies and Insurance Companies shall follow the formats as prescribed under the respective Acts/Regulations as specified by their Regulators.