Over 1,300 listed companies did not file annual results; here's why

The ministry of corporate affairs (MCA) has identified 1,313 ‘listed’ companies that have not filed their annual results. Of these, 911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses.

Sources told Business Standard these companies took the MCA’s permission to file Draft Red Herring Prospectus (DRHP) and then come up with an Initial Public Offering (IPO) on the bourses. 

The sources said while the 402 firms sought permissions for listing and got them, they later did not file the IPO.  But since they sought