Frequently Asked Questions on Integrated Filing (Financials) for quarter ended December 31, 2024. - MMJC

Q1. What all quarterly filings are required to be filed as part of Integrated Filing (Financials)?

Integrated Filing (Financials)comprises of

• Financial results and financial statements submitted to stock exchanges under Regulation 33 of SEBI (LODR).
• Statement of Related Party Transactions as per reg. 23(9) of SEBI LODR.
• Statement of Impact of Audit Qualifications
• Statement of deviations or variations in use of funds raised as per reg. 32 of SEBI LODR.
• Quarterly disclosure of outstanding default on loans/debt securities

Q2. For disclosures which are forming a part of Integrated filing (Financials) is XBRL utility required to be filed if yes within how many days?

XBRL utility shall continue to be filed wherever applicable is stated out by stock exchanges in its circular January 2, 2025.

So XBRL Filings need to be done as follows:

Q3. Integrated Filing (financials) in new format is required to be filed within what time and in what form?

Integrated filing (financials) in Pdf form has to be filed within 24 hours of outcome of Board Meeting.

Q4. Format of financial results to be disclosed as part of Board outcome and that forming part of Integrated Filing (Financials) in new format would it be same or different?

As per Integrated Filings (financial) format of disclosure of financials results shall be as per prescribed in schedule III to Companies Act 2013 along with publishing of periodic figures as per paras of Section III A of Sebi Master Circular dated 11 November 2024.

While submitting the outcome of the board meeting to the stock exchange financial results will have to be published along with audit report its review report, statement of cash flows, statement of assets and liabilities and segmented review details.

Financial Result components that need to be disclosed in Integrated filing financials and as part of outcome of BM may be as follows:

Q5. Whether Integrated filing financials is applicable to SME Listed entities and purely debt listed entities?

Integrated filing financials comprises of compliances under Regulation 23(9) [disclosure of related party transactions], Regulation 33[disclosure of quarterly financial results], Quarterly disclosures of outstanding default on loan /debt securities and Regulation 32 [disclosure of statement of deviation or variation], if any.

These provisions are also applicable to entities who have their specifiedsecurities listed on SME Exchange. So integrated filing financials is applicable to SME listed entities.

Frequency at which this has to be filed needs to be clarified by stock exchanges.

Purely debt listed entities are not governed by regulation 23(9) [disclosure of related party transactions], regulation 33 [disclosure of quarterly financial results], disclosure by listed entity of defaults on payment of interest / repayment of principal amount on loans[1] and regulation 32 [disclosure of statement of deviation or variation] of SEBI (LODR). Hence debt listed entities are not required to file Integrated filing (financials).

[1] https://www.sebi.gov.in/legal/master-circulars/nov-2024/master-circular-for-compliance-with-the-provisions-of-the-securities-and-exchange-board-of-india-listing-obligations-and-disclosure-requirements-regulations-2015-by-listed-entities_88388.html – Section V-B, Point 3