SEBI extends timeline for verification of market rumors’ by listed entities

SEBI vide circular dated January25, 2024 has provided extension of timeline for verification of market rumours by listed entities. As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) top 100 listed entities by market capitalization and thereafter the top 250 listed entities by market capitalization to mandatorily verify and confirm, deny or clarify market rumours.

It has been decided to extend the timeline for effective date of implementation of the requirement to June 1, 2024 and for top 250 listed entities by market capitalization, to December 1, 2024.

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