CIRCULAR
SEBI/HO/DDHS/CIR/2021/0000000637 October 5, 2021
To,
Listed entities (whose non-convertible securities are listed)
Recognized Stock Exchanges
Madam/ Sir,
Sub: Revised Formats for filing Financial information
1. Vide notification dated September 07, 2021, Regulation 52 of the SEBI (Listing
Obligations and Disclosure Requirements), Regulations 2015 (‘Listing
Regulations’) were amended, inter-alia, mandating entities that have listed non-
convertible securities to disclose financial results on a quarterly basis, including
assets & liabilities and cash flows as well as requiring certain changes in the line
items in the financial results. Accordingly, this circular provides the revised formats
for reporting of financial information.
Formats for filing financial information:
A. Formats for Standalone financial results on a quarterly basis and
Standalone and consolidated financial results on an annual basis (to be
submitted to Stock Exchanges and placed on listed entity’s website -
regulations 52(1) and (2) of the Listing Regulations):
a) Content: Financial results shall contain the items mentioned in the
Statement of Profit and Loss (excluding notes and detailed sub-
classification) as prescribed in Schedule III of the Companies Act, 2013
and the extent and nature of security created and maintained in case of
secured non-convertible debt securities, details of which are required as
per regulation 54(3) of Listing Regulations.
b) Format: The financial results shall be disclosed in the following format:
Correspond
Year to date Year to
Precedin ing 3
3 figures for date for Previous
g 3 months
months current previous year
months ended
ended period year ended
ended previous
Partic (dd/mm/ ended ended (dd/mm/y
(dd/mmy year
ulars yyyy) (dd/mm/yyy (dd/mm/yy yyy)
yyy) (dd/mm/yyy
y) yy)
y
Audited/ Audited/ Audited/
Audited/ Audited/ Audited/
Unaudite Unaudite Unaudite
Unaudited* Unaudited* Unaudited*
d* d* d*
*Specify whether figures are audited or unaudited
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Notes:
 In case the listed entity does not have corresponding quarterly financial results
for the four quarters ended September 2020, December 2020, March 2021 and
June 2021, the column on corresponding figures for such quarters will not be
applicable.
 The financial results shall also include line items specified under regulation
52(4) of the Listing Regulations.
B. Format for Statement of assets and liabilities on half yearly basis (to be
submitted to Stock Exchanges and placed on listed entity’s website -
regulation 52(2)(f) of the Listing Regulations):
a) Content: Statement of assets and liabilities shall contain the items
mentioned in the format of Balance sheet (excluding notes and detailed
sub-classification) as prescribed in Schedule III of the Companies Act,
2013.
b) Format: The statement of assets and liabilities shall be in the following
format:
Particulars As at (Current half year end/ year As at (Previous year end
end date) dd/mm/yyyy date) dd/mm/yyyy
Audited/ Unaudited* Audited/ Unaudited*
*Specify whether figures are audited or unaudited
In case the listed entity does not have corresponding statement of assets and
liabilities for the half year ended September 2020, the column on
corresponding figures will not be applicable.
C. Format for Statement of cash flows on half yearly basis (to be submitted
to Stock Exchanges and placed on listed entity’s website - regulation
52(2)(f) of the Listing Regulations):
a) Content: The Statement of Cash Flows shall be prepared under the
indirect method as prescribed in Accounting Standard-3/ Indian Accounting
Standard 7, mandated under Section 133 of the Companies Act, 2013 read
with relevant rules framed thereunder or by the Institute of Chartered
Accountants of India, whichever is applicable, in the following format:
b) Format: The statement of Cash Flows shall be in the following format:
As at (Current half year
As at (Corresponding half year end/
end/year end date)
Particulars Previous year end date) dd/mm/yyyy
dd/mm/yyyy
Audited/ Unaudited* Audited/ Unaudited*
*Specify whether figures are audited or unaudited
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In case the listed entity does not have the corresponding cash flow statement
for the half year ended September 2020, the column on corresponding figures
will not be applicable.
2. Banking Companies and Insurance Companies shall disclose financial information
as per the formats prescribed under the respective Acts/ Regulations as specified
by their Regulators.
3. Format for financial results in newspapers: The format of financial results to be
published in newspapers, in terms of Regulation 52 (8) of the Listing Regulations,
is prescribed in Annex - I.
4. Reasons for delay in disclosure of financial results (to be submitted to Stock
Exchanges and placed on listed entity’s website):
a. In case of non-submission/ delayed submission of financial results within the
timelines prescribed under regulation 52 of the Listing Regulations, the listed
entity shall disclose detailed reasons for such non-submission/ delay to the
stock exchanges within one working day of the due date of submission of the
financial results.
b. In case the decision to delay the results was taken by the listed entity prior to
the due date, the listed entity shall disclose detailed reasons for such delay to
the stock exchanges within one working day of such decision.
5. Stock Exchanges are advised to bring the provisions of this circular to notice of the
listed entities and disseminate it on their websites. The circular is issued in exercise
of the powers conferred under section 11 (1) of the Securities and Exchange Board
of India Act, 1992 read with regulations 52 and 101 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015. The circular is available on
SEBI website at www.sebi.gov.in under the category 'Legal->Circulars'.
Yours faithfully,
Pradeep Ramakrishnan
General Manager
Department of Debt and Hybrid Securities
+91–022 2644 9246
pradeepr@sebi.gov.in
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Annex – I
Format for publishing financial results in newspapers
[Regulation 52 (8), read with Regulation 52 (4) of the SEBI (Listing and Other
Disclosure Requirements) Regulations, 2015 (LODR Regulations)]
Qtr.
ending/ Corresponding Qtr. Previous
S.
Particulars Current for the previous year
No.
year year ended ended
ended
1. Total Income from Operations
Net Profit / (Loss) for the period
2. (before Tax, Exceptional and/or
Extraordinary items#)
Net Profit / (Loss) for the period
3. before tax (after Exceptional and/or
Extraordinary items#)
Net Profit / (Loss) for the period
4. after tax (after Exceptional and/or
Extraordinary items#)
Total Comprehensive Income for
the period [Comprising Profit/
5. (Loss) for the period (after tax) and
Other Comprehensive Income
(after tax)]
6. Paid up Equity Share Capital
Reserves (excluding Revaluation
7.
Reserve)
8. Securities Premium Account
9. Net worth
Paid up Debt Capital/ Outstanding
10.
Debt
Outstanding Redeemable
11.
Preference Shares
12. Debt Equity Ratio
Earnings Per Share (of Rs. ___/-
each) (for continuing and
13. discontinued operations) -
1. Basic:
2. Diluted:
14. Capital Redemption Reserve
15. Debenture Redemption Reserve
16. Debt Service Coverage Ratio
17. Interest Service Coverage Ratio
# - Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in
accordance with Ind AS Rules / AS Rules, whichever is applicable.
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Notes:
a) The above is an extract of the detailed format of quarterly/ annual financial results
filed with the Stock Exchanges under Regulation 52 of the LODR Regulations. The
full format of the quarterly/ annual financial results is available on the websites of
the Stock Exchange(s) and the listed entity (URL of the filings).
b) For the other line items referred in regulation 52 (4) of the LODR Regulations,
pertinent disclosures have been made to the Stock Exchange(s) (specify names of
Stock Exchanges) and can be accessed on the URL (specify URL).
c) The impact on net profit/ loss, total comprehensive income or any other relevant
financial item(s) due to change(s) in accounting policies shall be disclosed by
means of a footnote.
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