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SEBI asks top 100 market listed companies to be clear on disclosures surrounding significant or material events
(30-Mar-2023, 14:46 Hours IST)  
Securities and Exchange Board of India or SEBI has asked the top 100 market listed companies to be clear on disclosures surrounding significant or material events. It has asked them to confirm or deny market rumours that impact share prices to bring more transparency and ensure timely disclosure of “material events”. This requirement will start from October 1, 2023 for the top 100 companies in terms of market capitalisation and from April 1, 2024 for the top 250 companies. Sebi noted that material events and disclosures emerging from a board of directors meeting must be disclosed to exchanges within 30 minutes.

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