COVID-19 outbreak: Sebi relaxes AGM deadline for certain companies

Providing compliance relaxation amid the coronavirus pandemic, markets regulator Sebi on Thursday gave time till September-end to certain companies for conducting their annual general meetings.

Relaxing the provisions of LODR norms, Sebi in a circular said, "The top-100 listed entities by market capitalisation whose financial year ended on December 31, 2019, may hold their AGM within a period of nine months from the closure of the financial year (i.e., by September 30, 2020)."