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Sebi said in a circular that an investor seeks both financial as well as non-financial information to take a well-informed investment decision. Photo: Abhijit Bhatlekar/Mint
Sebi said in a circular that an investor seeks both financial as well as non-financial information to take a well-informed investment decision. Photo: Abhijit Bhatlekar/Mint

Sebi asks top 500 listed firms to voluntarily adopt ‘integrated reporting’

Integrated report aims to provide a concise communication about how organisation's strategy, governance, performance and prospects create value over time, says Sebi

Mumbai: The Securities and Exchange Board of India or Sebi, on Monday, said the country’s top 500 listed companies may voluntarily adopt a policy to put out their so-called integrated reports from the financial year beginning on 1 April, which may essentially include information about the company’s business and non-business activities so that there is more clarity in the public about the company’s dealings.

At present, it is compulsory for top 500 listed firms to submit their business responsibility report (BRR), which basically requires the company to disclose how its dealings affect areas such as environment, governance, stakeholder’s relationships and so on.

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Sebi said in a circular that an investor seeks both financial as well as non-financial information to take a well-informed investment decision. “An integrated report aims to provide a concise communication about how an organisation’s strategy, governance, performance and prospects create value over time," Sebi said.

The integrated report by a company should include insight into the organization’s strategy and how it relates to the organization’s ability to create value. Such information should also explain the possible impact on the company’s capital due to its strategies, said Sebi.

Also, an integrated report should provide insight into the nature and quality of the organization’s relationships with its key stakeholders, including how and to what extent the organization understands, takes into account and responds to their legitimate needs and interests.

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