Once you list, the calendar owns you. LODR compliance is a year-round discipline — quarterly results, shareholding patterns, disclosures, board meetings — each with its own deadline and its own penalty for missing it. We run that calendar for you: prepared, filed and tracked, so the exchange never has to write to you twice.
The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — LODR — are the rulebook every listed company lives by. They cover what you must disclose (Reg 30), when you must file results (Reg 33), how your board must be composed (Reg 17), how related-party deals get approved (Reg 23), and dozens of other obligations spread across the year. A mid-size listed company faces well over a hundred filing and disclosure events annually.
Most of these deadlines are short and unforgiving. Thirty minutes for price-sensitive board outcomes. Twelve hours for litigation and regulatory developments. Twenty-four hours for other material events. The exchanges fine first and ask later — and repeat defaults draw SEBI's attention, which is the one thing a listed company never wants.
Our LODR practice takes the whole calendar off your desk. We track every deadline, prepare every filing, run the board and committee meeting cycle, and keep your website disclosures (Reg 46) and newspaper publications (Reg 47) current. You sign off; we handle the rest.
Any company listed on BSE or NSE needs this — it is not optional. But the companies that hire us usually fall into two groups: newly listed companies discovering that the compliance load is heavier than the IPO was, and established listed companies whose in-house team is drowning in the quarterly cycle.
SME-listed companies are a special case. The obligations are real but the internal bandwidth is thin — often one CFO juggling the entire LODR calendar alongside running the business. That is exactly where an outside practice earns its fee: a company secretary's office, on tap, for less than one full-time hire.
Onboarding takes two to four weeks: we map your current compliance status, close any open gaps, and build your calendar. After that it is a monthly rhythm — quarterly peaks around results season, steady the rest of the year. The first quarter is the heaviest; by the second, the system runs itself.
Fees depend on exchange (mainboard or SME), number of committees, and whether you need the full calendar or only parts of it. As a rough guide, full LODR management costs less than one experienced full-time company secretary — and unlike a hire, it comes with a practice behind it: backup, peer review, and someone who has seen your exact problem before.
It depends on the event. Board meeting outcomes on price-sensitive matters: within 30 minutes of the meeting ending. Litigation, regulatory actions and similar developments: within 12 hours. Other material events: within 24 hours. Your CS needs to be in the decision loop before the decision, not informed after it.
Reg 30 splits events into two lists. Para A events are deemed material — acquisitions, mergers, share splits, buybacks, dividends, changes in directors, KMPs or auditors, fraud by directors — disclosed without any materiality test. Para B events — new products, capacity additions, litigation, rating changes — are disclosed only if they cross the materiality thresholds.
For Para B events, an event is material if it crosses the lowest of: 2% of consolidated turnover, 2% of consolidated net worth, or 5% of the average absolute profit after tax of the last three years. The board must also adopt a materiality policy and disclose it.
Unaudited quarterly results: within 45 days of the quarter-end. Audited annual results: within 60 days of the financial year-end. The board must approve the results before filing, so your finance team’s real deadline is earlier than the statutory one.
The exchanges levy fines per day of delay under their standard operating procedure — late results under Reg 33 attract daily fines that add up fast. Repeated defaults get referred to SEBI, which can impose far heavier penalties. The fine is the small part; the signal to investors is the large one.
Within 21 days of each quarter-end. It sounds simple, but filings go wrong when promoter pledges, ESOP exercises or transfers during the quarter are not reconciled in time. The reconciliation should start before the quarter ends, not after.
Within 2 working days of the shareholder meeting — AGM, EGM or postal ballot. The filing goes to the exchanges with the scrutiniser’s report. Two working days leaves no room for drafting delays, so the report format should be ready before the meeting.
At least 7 working days’ notice to the exchanges before the record date for dividends, bonus issues, splits and similar corporate actions. Miss this and the entire corporate action timetable slips — the record date, the payment date, everything downstream.
A practicing company secretary issues it, and it must be filed with the exchanges within 60 days of the financial year-end. It certifies compliance with all applicable SEBI regulations — LODR, PIT, SAST and others — and deviations must be reported with corrective action.
A lighter framework applies on the SME platform, but the core discipline — results, disclosures, governance — still applies. Many SME companies underestimate this until the first fine arrives. The obligations scale down; they do not disappear.
No — companies on the SME platform file half-yearly results, not quarterly. But the filing discipline is the same: board approval, exchange filing within the deadline, and the same exchange fines for delay.
SEBI’s move to combine overlapping periodic filings into a single integrated filing, so companies do not report the same financial information in multiple formats across quarters. It reduces duplication but demands cleaner first-time data — one filing, one version of the truth.
It is strongly discouraged. Exchanges expect the announced timetable to hold; any change needs fresh notice and a clear reason, and repeated changes draw scrutiny. Set the record date only after the board and RTA have confirmed the full timetable.
Every listed company must disclose its related party transactions to the exchanges every half year, in the specified format, along with the financial results. Separately, Reg 23 requires audit committee approval for RPTs and shareholder approval for material RPTs — exceeding ₹1,000 crore or 10% of consolidated turnover, whichever is lower.
Fines vary by regulation under the exchanges’ standard operating procedure — delayed financial results, shareholding patterns and corporate governance reports each carry their own per-day fine slabs. The amounts compound quickly, and persistent default gets referred to SEBI for adjudication.
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