Top 1,000 companies by m-cap to have dividend distribution policy: Sebi

The Sebi board also approved amendments to delisting regulations with an objective to make the delisting process more transparent and efficient

In an action packed board meeting, market regulator Securities and Exchange Board of India on Thursday approved several amendments to Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Requirement for formulation of dividend distribution policy by the existing top 500 listed companies has been extended to the top 1,000 listed companies on the basis of market capitalisation.

In case of board meetings held for more than one day, the financial results must be disclosed by the listed entities within 30 minutes of end of the board meeting for the day on which the financial results are considered.

The market regulator also made it