Shriram Subramanian on what Sebi disclosure norms means for listed companies

Sebi’s new disclosure norms for listed companies will put a further onus on companies, particularly smaller firms, to scour a range of media, and social media, for rumours or false news, says Shriram Subramanian, Founder & MD, InGovern. The regulations will require all rumours to be addressed, not only those raised by exchanges, within 30 minutes of appearance. Subramanian said this would suit companies with an individual in place to handle it, but also identified difficulties in identifying the materiality of obscure or fake news.