Covid-19: India Inc gets a month's extension to hold AGMs due to lockdown

Sebi has also granted three-month extension for yearly committee meetings and has provided temporary exemption to listed firms from publishing newspaper ads

Market regulator Sebi on Thursday granted listed companies a month's extension to hold their annual general meetings (AGM) due to the Covid-19 induced lockdown.

Under the existing rules, the top 100 companies have to conclude their AGMs within a period of five months from the financial year closing. As most companies have March year-ending, they have to hold their AGMs on or before August 31.

Sebi has extended this date to September 30 due to the disruptions caused by the coronavirus pandemic. The regulator has also granted a three-month extension to carry out yearly committee meetings on remuneration, risk management and stakeholder