The Securities Exchange Board of India (SEBI) on February 28, 2025, notified regarding the Industry Standards on Key Performance Indicators (“KPIs”) Disclosures in the draft Offer Document and the Offer Document.
The following has been stated namely: -
• It states that to ensure uniform identification and disclosure of Key Performance Indicators (KPIs), the Industry Standards Forum (ISF), comprising ASSOCHAM, CII, and FICCI under the guidance of stock exchanges, has developed industry standards in consultation with SEBI.
• It states that the Issuer Companies and Merchant Bankers shall adhere to these standards for disclosing KPIs in draft offer documents and offer documents as per SEBI's ICDR Regulations, 2018.
• This shall be applicable for all draft offer documents/offer documents filed with SEBI/Stock Exchanges on or after April 1, 2025.
[Notification no. - SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/28]
