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Capital Market and Securities Laws · Listing Obligations and Disclosure Requirements

Periodic Filings and Website Disclosures under SEBI LODR

Updated 11 October 2026 · Fact-checked

Periodic filings are the regular reports a listed entity must give stock exchanges: quarterly and annual financial results, shareholding pattern, corporate governance report and annual report. Website disclosures are the documents it must keep on its site. To answer, state the filing, the Regulation, the deadline, the filing route and the consequence.

Understand Periodic Filings and Website Disclosures

A listed entity raises money from the public. In return, it must keep investors informed on a fixed schedule. The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) set this schedule. Some disclosures are event-based (for example, a major acquisition). Periodic filings are different. They fall due at regular intervals whether or not anything unusual has happened.

There are four main periodic filings. First, financial results: quarterly (unaudited or audited, with limited review) and annual (audited), under Regulation 33. Second, the shareholding pattern under Regulation 31, filed every quarter, and also around events such as a listing or a capital change. Third, the corporate governance report under Regulation 27, filed quarterly. Fourth, the annual report under Regulation 34, sent to shareholders and filed with the exchanges.

The second layer is the website. Regulation 46 requires a listed entity to maintain a functional website with specified information. This includes its business, its policies, its board and committee details, contact details of the officers handling investor grievances, notices of meetings, and financial results. The website must be kept updated. Any change must be reflected within the time the Regulation allows.

Why does this matter in the exam? ICSI questions test whether you can match the filing to the Regulation and the deadline, and then reach a conclusion on compliance. Timelines are the favourite point. Learn them as a table in your head: which filing, which Regulation, how many days, and from which date.

You must work from the current text of the Regulations and SEBI circulars, because deadlines and formats are amended often. The Securities Contracts (Regulation) Act, 1956 and the SEBI Act, 1992 supply the base: SEBI may specify listing requirements under section 11A(2) of the SEBI Act, and rules and regulations made under these Acts are laid before Parliament. Failure to comply with LODR can attract penalties and action under the securities laws.

Key rules to remember

Quarterly financial results (Reg 33)
Filing deadline = 45 days from end of each quarter (except last quarter)
Results go to the stock exchange after the board approves them. The audit committee reviews them first. The auditor gives a limited review report for quarterly results.
Annual financial results (Reg 33)
Audited annual results = within 60 days from end of the financial year
Applies where results are filed with the audit report. The last quarter's results can be part of the annual filing. Check the current text for the exact conditions.
Shareholding pattern (Reg 31)
Quarterly filing = within 21 days from end of each quarter
Also required at other stages, such as before listing, and on capital changes. Check the current Regulation for the exact trigger points.
Corporate governance report (Reg 27)
Quarterly compliance report on corporate governance = within 21 days from end of each quarter
The listed entity files this with the stock exchange each quarter. Check the current format.
Annual report (Reg 34)
Annual report sent to shareholders, and filed with the exchanges, before the AGM
It includes the directors' report, the management discussion and analysis, the business responsibility and sustainability report for entities covered, and the corporate governance report.
Website disclosure (Reg 46)
Maintain a functional website with the specified information, and update it on any change
Includes policies, board details, investor contact points, notices, results and the annual report. Learn the heads, not every item.

How to solve Periodic Filings and Website Disclosures questions

Use this method for any question on periodic filings or website disclosures. It keeps your answer in ICSI style: the provision, the facts, then a conclusion.

  1. 1Identify the filing the question is about: results, shareholding pattern, governance report, annual report or website.
  2. 2Name the Regulation that governs it, such as Regulation 33 for results or Regulation 46 for the website.
  3. 3State the rule in plain words: what must be filed, by whom, and the deadline.
  4. 4Apply the dates in the facts. Count from the end of the quarter or year, not from the board meeting date.
  5. 5Check who must approve or review it first, such as the audit committee, board or auditor.
  6. 6Check the route: stock exchange filing, website upload, or sending to shareholders.
  7. 7Reach a clear conclusion: complied or not complied, and the likely consequence.
  8. 8Add a short line that SEBI can take action for non-compliance. Do not quote a penalty figure unless you are sure.

Quickest way: Filing, Regulation, days, route

When to use it: Use this when you have a short time and the question asks you to state or compute a due date.

  1. Write the four anchors: Reg 33 results 45 days (annual 60 days), Reg 31 shareholding 21 days, Reg 27 governance report 21 days, Reg 34 annual report before AGM.
  2. Find the end date of the quarter or year in the facts.
  3. Add the days and write the due date.
  4. Compare the due date with the actual filing date and state the conclusion in one line.

Common mistakes in Periodic Filings and Website Disclosures

  • Counting the 45 days from the board meeting date.

    Students link the filing to the meeting where the results were approved.

    Fix: Count from the end of the quarter. The board meeting must happen within that outer limit.

  • Applying the 45-day limit to the annual audited results.

    Students remember one number for all results.

    Fix: Quarterly results: 45 days. Annual audited results: 60 days. Write both next to each other when you revise.

  • Mixing up Regulation 31 and Regulation 27.

    Both are quarterly and both have a 21-day limit, so they blur together.

    Fix: Regulation 31 is shareholding pattern. Regulation 27 is the governance compliance report. Link each to its subject.

  • Treating website disclosure as a one-time upload.

    Students think of a website as a notice board.

    Fix: Regulation 46 needs a functional website that is kept updated. State that changes must be reflected on the site.

  • Skipping the audit committee and auditor in a results question.

    Students focus only on the deadline.

    Fix: Mention audit committee review, board approval and the auditor's limited review or audit report, before the filing.

  • Quoting a deadline without checking whether it was amended.

    Notes and old guides copy older timelines.

    Fix: Use the latest text of LODR and SEBI circulars. If unsure, state the rule and mention the Regulation.

Worked examples

Example 1

A listed company's quarter ended on 30 September. Its board approved the unaudited results on 10 November, and it filed them with the stock exchange on 16 November. Has it complied with Regulation 33? Take the 45-day limit.

Show the solution
  1. Provision: under Regulation 33, a listed entity must file quarterly financial results within 45 days of the end of the quarter.
  2. Quarter end: 30 September. Days left in the count: October has 31 days, so 31 days take you to 31 October.
  3. Add 14 days of November: 31 + 14 = 45 days, so the due date is 14 November.
  4. Actual filing date: 16 November. That is 2 days after the due date.
  5. Review: the audit committee review, board approval and the auditor's limited review should also have been complete before filing.

Answer: The company has not complied. The last date was 14 November, and it filed on 16 November, which is 2 days late. The board meeting date does not extend the period. The company is exposed to action under the securities laws for delay.

Example 2

Explain the periodic filings by a listed entity under Regulations 31 and 27, and its website obligation under Regulation 46, for a new CS Executive answer.

Show the solution
  1. Provision on shareholding pattern: Regulation 31 requires the listed entity to file its shareholding pattern with the stock exchange every quarter, within 21 days of the quarter end, and at other stated stages.
  2. Provision on governance report: Regulation 27 requires a quarterly compliance report on corporate governance, within 21 days of the quarter end.
  3. Website: Regulation 46 requires the entity to keep a functional website and display specified information, such as its policies, board and committee details, investor contact points, notices and financial results.
  4. Updates: the website must be kept current, so any change in the specified information must be reflected.
  5. Purpose: these filings let investors and SEBI track ownership and governance on a regular basis.

Answer: A listed entity must file the shareholding pattern (Reg 31) and the corporate governance report (Reg 27) with the stock exchange every quarter, each within 21 days of quarter end. Under Reg 46 it must run an updated website carrying the specified disclosures. Failure can lead to action by SEBI and the stock exchange.

Exam tips

  • Write the Regulation number in the first line of your answer. It signals precision to the examiner.
  • Always show your day count in date problems. Marks go to the working, not just the date.
  • Give the structure: provision, facts, conclusion. A conclusion line is often a separate mark.
  • For website questions, list the heads of disclosure rather than trying to recall every item.
  • If you are unsure of an amended timeline, state the rule and the Regulation, and say it is as per the latest LODR text.

Practice questions from Listing Obligations and Disclosure Requirements

Periodic Filings and Website Disclosures in other exams

The same ground in other exams, if you are preparing for more than one or want another angle on it.

Periodic Filings and Website Disclosures: frequently asked questions

What is the timeline for quarterly financial results under Regulation 33?

A listed entity must file its quarterly results within 45 days of the end of each quarter. The annual audited results are due within 60 days of the year end. Check the latest Regulation text for any amendment.

How often is the shareholding pattern filed under Regulation 31?

It is filed every quarter, within 21 days of the quarter end. It must also be filed at certain other stages, such as before listing and on certain capital changes.

What must a listed entity show on its website under Regulation 46?

It must maintain a functional website with specified information. This covers its business, policies, board and committee details, investor contacts, notices and financial results. The information must be kept updated.

Does the annual report form part of periodic filings?

Yes. Regulation 34 requires the annual report to be sent to shareholders and filed with the stock exchanges. It includes the directors' report, management discussion and analysis, and the corporate governance report.