CIRCULAR
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/162 September 30, 2023
To,
All listed entities
All Recognized Stock Exchanges
Madam / Sir,
Sub: 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 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.
2. It has been decided to extend the effective date of implementation of the proviso to regulation
30(11) of the LODR Regulations for top 100 listed entities by market capitalization, to
February 1, 2024 and for top 250 listed entities by market capitalization, to August 1, 2024.
3. This Circular is issued in exercise of the powers conferred under Section 11 of the Securities
and Exchange Board of India Act, 1992 read with Regulation 101 of the LODR Regulations.
4. This Circular is available at www.sebi.gov.in under the link “LegalCirculars”.
Yours faithfully,
Raj Kumar Das
Deputy General Manager
Corporation Finance Department
Policy and Development-2
+91-22-26449253
rajkd@sebi.gov.in
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