DCS/COMP/13/2015-16 October 20, 2015
BSE launches XBRL solution for online filing of Financial Results
Clause 41 of the Equity Listing Agreement (Clause 43 of the SME Listing Agreement) requires listed companies to file their Financial Results on a quarterly basis with the Stock Exchange, as per the format prescribed by SEBI. With a view to making this disclosure more accurate and efficient, BSE has launched a facility of XBRL based reporting for Financial Results w.e.f October 19, 2015.
To facilitate the above, BSE is providing a free Excel Utility to the companies listed on BSE. Users will be required to fill in data in the Excel utility available on BSE ‘Listing Centre’ which will generate the Financial Results in XBRL format after due validations. The Financial Results are required to be filed online through the ‘Listing Centre’. A new web page ‘XBRL Reporting’ has been made available in the ‘Listing Centre’ to facilitate smooth reporting. BSE would also be offering online real time assistance in the form of a dedicated XBRL Helpdesk that would troubleshoot problems and assist users.
XBRL or eXtensible Business Reporting Language is an electronic format for communication of business and financial data which is revolutionizing business reporting around the world. The standardization built into the XBRL documents provides significant benefits in the preparation, analysis and communication of business information. XBRL provides a language in which reporting terms can be authoritatively defined.
BSE would be introducing XBRL filing facility for submissions under other relevant Clauses of the Listing Agreement, shortly.
For further information or assistance in this matter, please contact bse.xbrl@bseindia.com or call our dedicated helpdesk on 1800-233-0445.
We are sure that all our listed companies would support this step by BSE to bring reporting standards in the Indian Capital Market to international standards.
Khushro Bulsara Netra Sahani
Sr. General Manager - Listing Compliance DGM – Listing Compliance
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