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TMI BlogRevised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference sharesX X X X Extracts X X X X X X X X Extracts X X X X ..... t securities and/or non-cumulative redeemable preference shares ( listed entities ). 2. In continuation to SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016, the listed entities are advised to comply with the following: Formats for disclosure of financial results: 2.1. This has reference to the disclosure of half yearly and annual financial results in terms of Regulation 52 (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( 'Listing Regulations '). 2.2. The existing formats prescribed in SEBI Circular dated November 27, 2015, for disclosure of half yearly and annual financial results, shall continue till the period ending on or before December 31, 2016. 2.3. For the perio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Audited * Clearly specify whether the figures are audited or unaudited 2.5.2. For the Balance Sheet, the figures for the following periods shall be disclosed: Particulars As at (current half year end / year end date) (dd/mm/yyyy) As at (Previous year end date) (dd/mm/yyyy) Audited / Unaudited* Audited * Clearly specify whether the figures are audited or unaudited Formats for publication of financial results: 2.6. The financial results to be published in the newspapers, in terms of Regulation 52 (8) of the Listing Regulations, shall be in the format as prescribed in Annexure I. Impl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omparative results have not been subjected to limited review or audit. The listed entity shall further disclose that the management has exercised necessary due diligence to ensure that the said comparative results provide a true and fair view of its affairs. Clarifications with regard to implementation of Ind AS and other issues: 2.9. The listed entities in order to comply with the requirements of paragraph 32 of Ind AS 101 - 'First time Adoption of Ind AS , shall provide a reconciliation of its equity and net profit / loss, in the following manner, for enabling the investors to understand the material adjustments to the Balance Sheet and Statement of Profit and Loss on account of transition from the previous Indian GAAP to In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or implementation of this circular while publishing the financial results, the listed entities, shall be guided by the relevant provisions of the Ind AS Rules / AS Rules, Schedule III to the Companies Act, 2013 and pertinent provisions/guidelines under the relevant Act/Statute under which the listed entity was created, and may make suitable modifications, as applicable. The listed entities shall also provide suitable explanations and clarifications, wherever felt necessary. 3. This Circular shall come into force with immediate effect and the contents of the Circular No. CIR/IMD/DF1/9/2015 dated November 27, 2015, shall stand modified to the extent stated under this Circular. 4. The Stock Exchanges are advised to bring the provisions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Net Profit / (Loss) for the period after tax (after Exceptional and/or Extraordinary items # ) 5. Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)] 6. Paid up Equity Share Capital 7. Reserves (excluding Revaluation Reserve) 8 Ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (s) and the listed entity. (URL of the filings). b) For the items referred in sub-clauses (a), (b), (d) and (e) of the Regulation 52 (4) of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015, the pertinent disclosures have been made to the Stock Exchange(s) (specify names of Stock Exchanges) and can be accessed on the URL (specify URL). c) The impact on net profit / loss, total comprehensive income or any other relevant financial item(s) due to change(s) in accounting policies shall be disclosed by means of a footnote. d) # - Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind AS Rules / AS Rules, whichever is applicable. e) * - The pertinent items need t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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