Regulation 33 of The SEBI Listing Regulations, 2015 specifies that, listed entities shall submit quarterly and annual financial results to stock exchanges within 45/60 days from the end of the quarter/financial year. Wherever there were delays in submission in the past, the fact of delay was intimated by the listed entity, the reasons for the same were not disclosed. Therefore, SEBI Vide its Circular No CIR/CFD/CMD-1/142/2018 dated 19th November 2018 has introduced a new requirement whereby the listed entity shall disclose detailed reasons for such delay to the stock exchanges within one working day of the due date for the submission of financial results.
https://www.sebi.gov.in/legal/circulars/nov -2018/disclosure-of-reasons-for-delay-insubmission-of-financial-results-by-listedentities_41040.html