India Inc takes cautious approach to Covid disclosures mandated by Sebi

Most firms not indicating financial impact

Corporate India is going slow on Covid-related disclosures mandated by the Securities and Exchange Board of India (Sebi) last month. At least twenty-five companies across sectors have come out with disclosures in separate filings to the stock exchanges, but they have given a general business update, without specifying the financial impact of the coronavirus crisis on their operations.

In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt.

Instead, companies have spoken about the number of plants,