Zomato may not choose to do conference calls, but every phone call they do with an investor or a prospective investor must be announced (pre or post) and soon, SEBI rules mean a recording needs to be made public.
SEBI march 2021 board meeting had approved this, but the notification hasn't yet come: sebi.gov.in/sebi_data/meet…
sebi.gov.in/sebi_data/meet…
(voluntary for a year, mandatory after, 5 years archive of recordings, permanent record of transcripts)
sebi.gov.in/sebi_data/meet…
(voluntary for a year, mandatory after, 5 years archive of recordings, permanent record of transcripts)
Correction: this has been notified, thanks to @subodh for the info:
- All earnings/qtry calls to be recorded and placed on website in 24 hours, archived 5 years
- transcript in 5 days, retained forever.
- Compulsory from April 1, 2022
- All earnings/qtry calls to be recorded and placed on website in 24 hours, archived 5 years
- transcript in 5 days, retained forever.
- Compulsory from April 1, 2022
HT @subhodh also for this:
Any unpublished price sensitive information - even in one-on-one meetings or a group meeting - needs to have an audio recording/transcript disclosed.
Any unpublished price sensitive information - even in one-on-one meetings or a group meeting - needs to have an audio recording/transcript disclosed.
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