Sebi extends relaxation on dispatching hard copies of financial statements

Sebi's extension comes after Ministry of Corporate Affairs has also provided similar relaxations to companies dispatching physical copies of financial statements

The Securities and Exchange Board of India (Sebi) on Thursday extended the relaxation to listed companies from dispatching of physical copies of financial statements till September 30, 2023.

“Sebi has been receiving representations from listed entities seeking extension of the relaxations provided,” said the capital markets regulator in a circular.

The earlier extension was till December 31, 2022.Sebi’s extension comes after the Ministry of Corporate Affairs has also provided similar relaxations to companies dispatching physical copies of financial statements, including board’s report, auditor’s report or other documents to shareholders through a circular on December 28, 2022. However, firms will be required to send hard copy of annual reports to those shareholders who request for the same.

Sebi also requires companies to disclose the web-link  to  the  annual  report  so  as  to  enable shareholders to have access to the full annual report.