SEBI Modifies Reporting Timeline for Listed Commercial Papers

SEBI has revised the timeline for entities with listed commercial papers to report payment obligations within one working day of the due date. This change, aimed at aligning with non-convertible securities reporting rules, enhances transparency and ensures timely disclosures for stakeholders.

The Securities and Exchange Board of India (SEBI) announced a modification in the reporting timeline for entities with listed commercial papers. Effective immediately, these entities must report the status of their payment obligations within one working day of the due date, aligning with the reporting requirements for non-convertible securities.

This regulatory update comes as part of SEBI's efforts to enhance transparency for stakeholders and ensure timely disclosures by the entities involved. Previously, entities were required to submit a certificate confirming the fulfillment of payment obligations within two days of the due date.

According to SEBI's circular, the amendment in the Listing Obligations and Disclosure Requirements (LODR) rules aims to streamline the regulatory framework. This change will affect entities reporting the payment of interest, dividends, or the redemption of principal amounts.

(With inputs from agencies.)