Regulation 30 disclosures: which events a listed company must announce, and the deadline for each

Most guides to Regulation 30 stop at three numbers: 30 minutes, 12 hours and 24 hours. This article reads the current regulation text itself (SEBI’s consolidated copy, amended up to 14 July 2026). It lists the events in Schedule III Part A, shows which ones are deemed material and which depend on a materiality test, and records the item-specific deadlines that override the general ones.

The structure in one paragraph

Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations makes a listed company announce to the stock exchanges any event or information that its board considers material. Schedule III Part A then lists events in four paragraphs. Para A events are deemed material: no materiality test applies. Para B events are announced only after the company applies the materiality criteria in Regulation 30(4). Para C is a catch-all for other major developments. Para D allows further disclosures that SEBI specifies from time to time.

The general deadlines (Regulation 30(6))

Situation	Time limit
Decision taken at a board meeting	30 minutes from the closure of the meeting
Board meeting closes after normal trading hours, and more than three hours before the next trading day begins	3 hours from the closure of the meeting
Board meeting runs over more than one day	Financial results are disclosed within the same 30-minute or 3-hour limit, counted from the close of the day on which they were considered
Event arises inside the company	12 hours from the occurrence
Event arises outside the company	24 hours from the occurrence
Claims in litigation or dispute (other than tax), if all relevant information is kept in the company’s structured digital database under the insider trading rules	72 hours from receipt of the notice

Two further rules sit in the same sub-regulation. Where Schedule III Part A itself gives a deadline for an event, that deadline applies. A disclosure made after the applicable time limit must carry an explanation for the delay.

The 3-hour and 72-hour provisions were added by an amendment effective 13 December 2024; the 30-minute, 12-hour and 24-hour structure dates from 15 July 2023. Both dates are given in the footnotes of the consolidated text.

Para A: events deemed material

These are the entries, summarised in the order of the schedule.

1. Acquisitions, schemes of arrangement and restructuring. This covers acquisitions (including agreements to acquire), mergers and demergers, and the sale of units, divisions, the whole or substantially the whole of an undertaking, or a subsidiary. For acquisitions of shares or voting rights, the text defines the triggers: acquiring control; reaching 20 per cent or more of the shares or voting rights of a company; a change of more than 5 per cent from the last disclosure; or a cost above the threshold in Regulation 30(4)(i)(c). Acquisitions of 5 per cent or more in an unlisted company, and later changes of more than 2 per cent, are reported quarterly in a prescribed format instead.
2. Securities. Issuance or forfeiture, splits and consolidations, buybacks, restrictions on transfer, and changes in the terms of existing securities.
3. Credit ratings. New ratings and revisions.
4. Outcome of board meetings. See the next section.
5. Agreements that are binding and outside the normal course of business, such as shareholder, joint venture and family settlement agreements (to the extent they affect management and control) and contracts with media companies. Item 5A separately covers agreements among shareholders, promoters, directors, key managerial personnel or others that affect management or control of the company, whether or not the company is a party.
6. Fraud or default by the company, its promoter, director, key managerial personnel, senior management or a subsidiary, and arrests of key managerial personnel, senior management, promoters or directors, in India or abroad. For this item, “default” means non-payment of interest or principal in full on the due date.
7. Changes in directors, key managerial personnel, senior management, auditor and compliance officer, with sub-items on resignations (deadlines below).
8. Appointment or discontinuation of the registrar to an issue and share transfer agent.
9. Loan resolution or restructuring steps, from the decision to start a resolution to implementation.
10. One-time settlement with a bank.
11. Winding-up petitions filed by any party or creditor.
12. Notices, resolutions and circulars sent to shareholders, debenture holders or creditors, or advertised in the media.
13. Proceedings of annual and extraordinary general meetings.
14. Amendments to the memorandum and articles of association, in brief.
15. Analyst and institutional investor meets, and earnings-call materials (deadlines below).
16. Insolvency resolution (CIRP) events of a listed corporate debtor, from the filing of an application to the approval of a resolution plan.
17. Initiation of a forensic audit, and the final report when received (except for audits initiated by regulators or enforcement agencies).
18. Statements on social media or mainstream media by directors, promoters, key managerial personnel or senior management about a material event that the company has not already made public.
19. Regulatory or judicial actions initiated, covering search or seizure, re-opening of accounts under section 130 of the Companies Act, 2013, and investigations under Chapter XIV of that Act.
20. Regulatory or judicial actions taken, such as suspension, fines or penalties, settlement, debarment, disqualification, closure of operations and warnings.
21. Voluntary revision of financial statements or the board’s report under section 131 of the Companies Act, 2013.

Para A item 4: board outcomes, and how they link to our news

Item 4 lists the decisions whose outcome must be announced after a board meeting: dividends recommended or declared (and the payment date), cancellation of a dividend, buybacks, fund-raising decisions, bonus issues, reissue of forfeited shares, other alterations of capital, financial results, and a decision on voluntary delisting. Because Regulation 30(6) ties these to the close of the meeting, the 30-minute or 3-hour clock is the one that governs the filings behind most results and corporate-action news.

This is why a news item on results, a dividend or a buyback is typically time-stamped close to the end of the board meeting. For the pre-meeting side of the same process, see what a board meeting intimation is. For how the results themselves are filed, see the results calendar guide.

Para A: the item-specific deadlines

Some entries carry their own deadline, which overrides the general ones.

Item	Deadline in the text
Auditor resigns (7A)	Reasons given by the auditor: not later than 24 hours from receipt
Independent director resigns (7B)	Within 7 days from the date of resignation: the letter, detailed reasons, the director’s confirmation that there are no other material reasons, and names of other listed entities where the director sits on boards
Key managerial personnel, senior management, compliance officer or non-independent director resigns (7C)	Letter and detailed reasons within 7 days from the date the resignation takes effect
Managing Director or CEO unavailable (7D)	Disclosure when the person was indisposed or unavailable for more than 45 days in any rolling 90-day period, with reasons; this clause states no separate time limit
Analyst or institutional investor meet (15)	Schedule at least two working days in advance (names optional); presentations before the event begins
Earnings-call recordings and transcripts (15)	Audio: before the next trading day or within 24 hours of the call, whichever is earlier. Video, if any: within 48 hours. Transcript: within five working days, with simultaneous submission to the exchanges
Fines and penalties (20)	Fine of Rs 1 lakh or more from a sectoral regulator or enforcement agency, or Rs 10 lakh or more from another authority or court: within 24 hours. Smaller amounts: reported quarterly in a prescribed format

Para B: events that depend on materiality

These are announced only when they pass the company’s materiality test: the start or postponement of commercial production; strategic, technical, manufacturing or marketing tie-ups, new lines of business, and closure of a unit, division or subsidiary; capacity additions and product launches; orders or contracts outside the normal course of business; binding agreements outside the normal course (including loan agreements); operational disruption from natural calamity, force majeure, strikes or lockouts; effects of regulatory changes; pending litigation or disputes or their outcomes; frauds or defaults by employees that have or may have an impact; stock option schemes; guarantees, indemnities or suretyship for a third party; grant, withdrawal, surrender, cancellation or suspension of key licences or approvals; and delay or default in paying fines, penalties and dues to authorities.

Regulation 30(4) sets out how materiality is judged. An omission may count as material if it would alter or discontinue information already public, if it would be likely to cause a significant market reaction when it later came to light, or if its value or expected impact crosses the monetary threshold in Regulation 30(4)(i)(c). That threshold is the lowest of three figures, all on consolidated statements: 2 per cent of turnover, 2 per cent of net worth (not applicable where net worth is negative), and 5 per cent of the average absolute value of profit or loss after tax over the last three audited financial years. If none of these applies, the board’s own opinion decides. Every company must have a board-approved materiality policy on its website, and the board authorises one or more key managerial personnel to decide materiality and make the disclosures.

Other rules in Regulation 30

• Material developments must be updated on a regular basis until the event is resolved or closed.
• Disclosures made to the exchanges must also be placed on the company’s website and kept there for at least five years.
• Events at subsidiaries that are material for the listed company must be disclosed.
• The company must give specific and adequate replies to exchange queries.

What this does not cover

Schedule III Part A is the schedule for equity and other specified securities. Part B of the schedule applies to non-convertible securities under Regulation 51, and Part C to Indian depository receipts. They are separate lists and are not covered here. The regulation is amended often, so check the date on the consolidated text before relying on any figure.

Basis of these figures

All deadlines, thresholds and entries come from SEBI’s consolidated LODR Regulations, 2015, amended up to 14 July 2026, specifically Regulation 30 and Schedule III Part A. The Rs 1 lakh and Rs 10 lakh fine thresholds and the 20 per cent and 5 per cent acquisition triggers are as printed in that text at that date. The 14 July 2026 amendment did not alter Regulation 30 or Schedule III Part A; it is the latest amendment shown on SEBI’s page for this text as of 2 October 2026. This is a general description of the rule, not a statement about any particular company’s compliance.