Archive · 24 Sep 2025
SEBI: Disclosures by Listed Firms Do Not Impose Liability
SEBI, the market regulator, told the Bombay High Court that when a company shares details about an agreement, it doesn't mean they're legally bound by it.
This came after companies from the Kirloskar group challenged some of SEBI's rules.
The court allowed the companies to withdraw their petitions.
This means listed companies don't have to follow agreements just because they share them, which protects businesses from unintended obligations.
The Kirloskar group filed petitions challenging the disclosure-related regulations by SEBI.
The Bombay high court allowed the companies to withdraw their petition.
SEBI clarified that disclosing agreements doesn't create liability for listed firms.
The clarification followed petitions from Kirloskar group entities.
The challenge focused on disclosure-related regulations by Sebi.
The Bombay high court allowed the companies to withdraw their petition.
SEBI stated that disclosing agreements does not imply the company is bound.
- Who
- SEBI, Kirloskar group
- What
- SEBI clarified that agreement disclosures don't create liabilities for listed firms.
- When
- December 2024 (related to a direction by SEBI)
- Where
- Bombay High Court
- Why
- To clarify the implications of disclosing agreements under LODR regulations.
- Event
- SEBI clarifies disclosure regulations
- Parties Involved
- SEBI, Kirloskar Group, Bombay High Court
- Regulation
- Listing Obligation and Disclosure Requirements (LODR)
- Court
- Bombay High Court
- Kirloskar Group Entities
- KOEL, Kirloskar Ferrous, Kirloskar Pneumatic, GG Dandekar, Kirloskar Industries
