Regulation 10 of SEBI Listing Regulations, 2015 requires all listed entities to file all reports, statements, documents, filings and any other information to the Exchange on the specified electronic platform. The Exchange has designated (Listing Centre) as the specified electronic platform for filing. Image result for bse india

It has been observed that PDF documents, filed by companies on the Listing Centre, as Corporate Announcements, are not ‘Machine Readable’ or ‘Searchable’.  This causes considerable hardships to the investors at large and also regulators for searching the company filings using the relevant keywords for various purposes.

In this regard, as advised by SEBI, the listed companies are directed to henceforth file all corporate announcements in machine readable format only, i.e. searchable PDF format only. Image files that are presently being submitted as attachments will not be accepted and only searchable pdf files should be attached. As further advised by SEBI, the listed entities are required to comply with this direction immediately, but not later than 7 days of this circular.

It is further observed that some companies are not filing the Corporate Announcements under the appropriate head even where the option is clearly available in the Listing Centre drop downs and instead are using the omnibus option of ‘Updates’. It is hereby advised that only the respective relevant Options that are available under the tab ‘Corporate Announcements’ may be utilized for filing of the announcements. Filing under the incorrect head may attract appropriate action by the Exchange.

All the listed companies are advised to please take note of the above and ensure compliance.