On Feb. 28, IND SEBI notified re KPI disclosures in offer document.
IND SEBI said Industry Standards Forum (ISF) has developed industry standards for the uniform disclosure of KPIs in draft offer documents and offer documents.
These standards are formulated in consultation with IND SEBI to ensure consistency.
Uniform Disclosure
Industry associations (The Associated Chambers of Commerce and Industry of India, Federation of Indian Chambers of Commerce & Industry, and Confederation of Indian Industry) and stock exchanges will publish these standards on their websites.
Companies and merchant bankers are required to follow these industry standards to comply with SEBI (issue of capital and disclosure requirements) regulations, 2018.
Effectiveness
Applicable to all draft offer documents/offer documents filed on or after Apr. 1, 2025.
