What Is This Module For?
The SEBI LODR module helps listed companies manage their continuous disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
Key Obligations
- Regulation 30 — Material events must be disclosed to stock exchanges within 24 hours of occurrence (or 30 minutes for events during market hours).
- Regulation 33 — Quarterly financial results within 45 days of quarter end (60 days for annual results).
- Regulation 46 — Website disclosure requirements — all governance documents must be publicly available.
Penalty: SEBI can impose penalties up to ₹25 crore or 3 times the profit for non-disclosure of material events.
Step-by-Step Guide
- Go to SEBI LODR in the sidebar.
- Set up your listing details — stock exchange(s), ISIN, and financial year.
- Track each quarterly results deadline — the calendar auto-populates based on your financial year.
- Log material event disclosures — enter the event, disclosure date, and BSE/NSE submission reference number.
- Track board meeting intimations (21-day advance notice required).
Common Mistakes to Avoid
- Missing the 24-hour disclosure window for material events — This is the most common SEBI LODR violation. Set up alerts in dcomply for any event that might be material.
- Not disclosing what is material — When in doubt, disclose. Under-disclosure is penalised more heavily than over-disclosure.
Frequently Asked Questions
Q: What qualifies as a "material event" under Regulation 30?
A: SEBI provides a non-exhaustive list including: acquisition, merger, fraud, change in key managerial personnel, litigation outcomes, regulatory orders, and credit rating changes. Any event that a reasonable investor would consider significant is material.