IFSCA Amends Listing Regulations, 2025: Extends Financial Disclosure Timelines and Updates Compliance Periods [Read Notification]

The revised regulations come into effect from the date of their publication in the Official Gazette. According to the notification, the new regulations extend several key deadlines that companies must follow while disclosing financial information or complying with listing requirements.

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The amendment primarily aims to improve operational flexibility for listed entities and to align disclosure norms with global standards practiced in major international financial hubs.

One of the major changes introduced by the IFSCA is the extension of financial disclosure timelines. Under Regulation 16(8) of the Listing Regulations, the period for certain financial submissions has been increased from 135 days to 180 days. This adjustment allows listed entities additional time to prepare and finalize accurate financial data before making it public.

The Authority has also extended compliance periods in several other areas. The timelines mentioned in Regulations 25(2), 52(3), and 65, which earlier required completion within five years, have now been extended to eight years.

This change provides a longer compliance window for entities operating in the IFSC, ensuring that they can manage regulatory obligations more efficiently without compromising on quality or accuracy.

The IFSCA has revised half-yearly financial reporting requirements. Under Regulations 96(2) and 107(2), listed entities are now required to disclose their financial statements for the first half of the financial year immediately after approval by their board of directors but no later than 45 days after the end of the first half-year. This change standardizes the disclosure process and enhances transparency for investors and regulators alike.

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