Cos may need to disclose loan defaults fast
The SEBI is planning to come up with a framework to ensure timely disclosure of loan defaults by listed companies. "SEBI aims at examining stipulation of timely and detailed disclosures pertaining to defaults on debt obligations by listed entities to enhance transparency," the market regulator has said in its annual report for 2017-18. The proposal may mandate listed companies to disclose to the stock exchanges about their loan defaults within one working day of missing a repayment. Once implemented, the move will help investors take an informed decision at the earliest in case of loan defaults by listed companies.