Rediff.com | 06/06/2020 01:25 PM | Click to read full article
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. At least 25 companies across sectors have come out with disclosures in separate filings, but they have given a general business update, without specifying the financial impact.
"Investors can hold a company accountable if a disclosure is made prematurely which could impact its stock price. Which is why there is a level of caution with these Covid disclosures."