Post-IPO, companies must comply with continuous disclosure mandates under SEBI LODR, including financial reporting, PIT, and related-party transaction approvals.
Ongoing Compliance After Market Listing
After an IPO, listed companies face ongoing obligations under the SEBI (LODR) Regulations, 2015, including quarterly financial disclosures, board reporting, and filing of shareholding patterns. Timely disclosure of price-sensitive information (PSSIs) under the PIT framework is mandatory.
Entities must obtain prior shareholder approval for material related-party transactions and file disclosures with stock exchanges within prescribed timelines. Other requirements include updating investor charters, freezing PANs of promoters, and maintaining a functional grievance redressal system.
Non-compliance can attract penalties and regulatory action. Legal teams should institute internal compliance calendars, conduct periodic audits, and train board members on disclosure duties to ensure sustained adherence to listing conditions.
Citations
- SEBI (LODR) Regulations, 2015