Sebi advises India Inc to make enhanced disclosures on Covid-19 biz impact

Market regulator observed that while many have made qualitative disclosures like shutting down and sanitation measures undertaken, only a few have dwelt on financial impact

The Securities and Exchange Board of India (Sebi) has advised India Inc to make enhanced disclosures pertaining to the virus impact on their businesses, and provide both quantitative and qualitative aspects of the same.

“Listed entities should endeavour to ensure that all investors have access to timely, adequate, and updated information. To this end, entities are encouraged to evaluate the impact of Covid-19 on their business, performance and financials — both qualitative and quantitative — to the extent possible, and disseminate the same,” the market watchdog said in a notification. 

Sebi pointed out that while Indian listed entities have already been making