Exchanges warn listed firms against misleading or false publicity

Draw a list of dos and don'ts companies need to keep in mind while communicating with their shareholders

Listed companies have got a rap on the knuckles from the stock exchanges for issuing manipulative or distorted statements. Amid a boom in the stock market, stock exchanges have come out with a list of dos and don'ts companies need to keep in mind while communicating with their shareholders.

In a strongly-worded statement, exchanges warned companies exchanges said the listed entity should not make any statement, promise, or forecast which is untrue or misleading.

"The company can position itself as a leader, pioneer, expert, or any word indicating it as the best only based on factual data which is widely