Sebi gives 45-day relaxation to companies for filing Q4 results

In a bid to provide relief to companies amid the coronavirus pandemic, security markets regulator SEBI has relaxed compliance norms for listed companies and allowed them to file their fourth quarter and annual financial results by June 30. In general, companies have to report their earnings within one month of a quarter ending and if results get delayed, the companies have to inform the exchanges. In a statement on Thursday, the Securities and Exchanges Board of India (SEBI) said: "It has been declared a pandemic by the World Health Organization (WHO). Developments arising due to the spread of the virus have warranted the need for temporary relaxations in compliance requirements for listed entities." The regulator also extended the date of filing quarterly corporate governance report by one month and for releasing quarterly shareholding pattern by three weeks.