SEBI vide Circular no. CIR/IMD/DF1/69/2016 dt. 10.08.2016 and in continuation of Circular dt. 05.07.2016, Revised formats for Financial Results & Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares.
Formats for disclosure of half yearly & annual financial results:
The existing formats shall continue till the period ending on or before December 31, 2016 and for the period ending after December 31, 2016, the disclosure shall be as prescribed in Schedule III to the Companies Act, 2013.
Formats for publication of financial results:
To be published in the newspapers in the format as prescribed in Annexure I of the said Circular.
Implementation of Ind AS:
Listed entities adopting Ind AS Rules, while publishing the half yearly/annual financial results shall ensure that the comparative financial results are also Ind AS compliant.
Further, Relaxations are being given for the first half year of the adoption of Ind AS regarding extension of timeline for submitting the said financial results by 1 month (i.e. within 75 days from the end of the half year). Also, reconciliation of Equity for the previous year (year immediately before Ind AS adoption), shall be provided while submitting the annual financial results for the first year of adoption and reconciliation of net profit / loss shall be provided only for the corresponding half year in the preceding year.
For detailed information, the said Circular available at the following link:SEBI Circular dt 10.08.2016_Revised format for Financial results