20th February 2017
NOTICE
Sub:
Integrated Reporting by Listed Entities
To all Listed companies
Attention of such aforesaid
listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/CFD/CMD/CIR/P/2017/10 dated February 06, 2017 (copy available at CSE web-site at www.cse-india.com and SEBI
web-site at www.sebi.com) wherein
“SEBI has mandated the
requirement of submission of Business Responsibility Report (‘BRR’) for top 500
listed entities under Regulation 34(2)(f) of SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 ("SEBI LODR"). The key
principles which are required to be reported by the entities pertain to areas
such as environment, governance, stake holder’s relationships, etc.”
“The International Integrated Reporting Council
(‘IIRC’) has prescribed Integrated Reporting Framework at following web link:
http://integratedreporting.org/wp-content/uploads/2015/03/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf.”
“It has been observed that certain listed entities
in India and other jurisdictions have been making disclosures by following the
principles of integrated reporting. Towards the objective of improving
disclosure standards, in consultation with industry bodies and stock exchanges,
the listed entities are advised to adhere to the following:
a. Integrated Reporting may be adopted on a voluntary basis from the
financial year 2017-18 by top 500 companies which are required to prepare BRR.
b. The information related to Integrated Reporting may be provided in
the annual report separately or by incorporating in Management Discussion &
Analysis or by preparing a separate report (annual report prepared as per IR
framework).
c. In case the company has already provided the relevant information in
any other report prepared in accordance with national/international requirement
/ framework, it may provide appropriate reference to the same in its Integrated
Report so as to avoid duplication of information.
d. As a green initiative, the companies may host
the Integrated Report on their website and provide appropriate reference to the
same in their Annual Report.”
This is for information & necessary action.
CS Chandrani Datta
Executive-Listing