BSE guidance note on communications by Listed Entities

BSE through circular dated 11 Jun 2021 has issued a Guidance note on communications by Listed Entities. BSE has noticed that Key Managerial Personnel or any other person representing the listed entity is seen disclosing the company’s prospects, future plans, etc while being interviewed. The company shall ensure that no price sensitive information is disclosed unless the same has been first disclosed to the stock exchanges. Following things that shall be kept in mind by the listed entities while publicizing the company:

1. The statement made shall be truthful, fair, evidence-based and shall not be manipulative or deceptive or distorted and the listed entity shall not make any statement, promise, or forecast which is untrue or misleading.
2. The information shall contain clear, concise, and understandable language.
3. If the listed entity presents any financial data, data for the past three years shall also be included along with particulars relating to sales, gross profit, net profit, share capital, reserves, earnings per share, dividends, debts, and the book values. The companies should also provide a link to the company’s website where the details are available and can be verified.