InvestorQ : Why do companies want to postpone results announcements for the June 2020 quarter? I understand many companies have written to SEBI?
Mahima Roy made post

Why do companies want to postpone results announcements for the June 2020 quarter? I understand many companies have written to SEBI?

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Aditi Sharma answered.
8 months ago
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You are right that many companies have approached SEBI to permit them to either postpone their financial results for the Jun-20 quarter or merge them with the September numbers. There are wide concerns that huge losses due to the shutdown between April and June could unsettle investors and put off banks. This may impact investor sentiments and also the willingness of banks and bond markets to commit money to these companies. Even industry bodies like FICCI and CII have urged SEBI and the government to relax rules pertaining to results announcement and also on delisting of companies and pricing of preferential offers. The view is that while lower sales and profits are factored in by analysts, the actual situation could be a kind of shock and lead to a sell-off.

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