SEBI UPDATES : Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares

Securities and Exchange Board of India (SEBI) has issued Circular CIR/IMD/DF1/69/2016 dated August 10, 2016 to all listed entities and all recognized stock exchanges regarding Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares. 

The circular states that  listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares, adopting the Indian Accounting Standards (hereinafter referred as ‘Ind AS’) in terms of Ind AS Rules, while publishing the half yearly/annual financial results under Regulation 52 (1) of the Listing Regulations, shall ensure that the comparative financial results, filed along with the said half yearly/annual financial results, are also Ind AS compliant.