Enhancing disclosures

Sebi's directive on family agreements will improve transparency

In a circular issued last week, the Securities and Exchange Board of India (Sebi) clarified certain amendments to the Listing Obligations and Disclosure Requirements Regulations (LODR) pertaining to the disclosure of material events. This extends the definition of material events listed companies must disclose, along with a timeline for disclosure. A listed entity should also disclose the number of agreements in existence as of the date of notification, including a link to a webpage where the details of such agreements are made available. This clarification follows the amendments to the LODR in March, when the regulator broadly extended the number