Second Covid-19 wave: Fewer companies to avail Q4 filing relaxation

Experts say Sebi's move to extend the deadline is a welcome step

Fewer companies will take advantage of Sebi’s deadline relaxation for filing March quarter financials compared to last year when the pandemic first took hold. An analysis done using Capital Line’s data showed 501 companies had filed their fourth-quarter results before the original deadline of May 15. In comparison, only 159 had managed to file their fourth-quarter results last year by May 15.

On April 29, Sebi in a circular said the deadline to file the March quarter and annual financial results has been extended to June 30. The regulator had given a similar extension last year as well, as companies and