Media Release


Media Release


BSE launches XBRL solution for online filing of Financial Results


Mumbai, Tuesday, 20 October 2015: BSE was the first exchange in India to launch XBRL solution on June 11, 2015 for Clause 35 of the Listing agreement relating to Shareholding Pattern. In another first, BSE has launched the XBRL solution on October 19, 2015 for Clause 41 of the Listing Agreement pertaining to Financial Results.


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 a simple Excel file  - format available on BSE’s listing portal called ‘Listing Centre’ and the system will automatically generate the XBRL based Financial Results after due validations. These XBRL Financial Results can be filed online through the ‘Listing Centre’ portal of the BSE.  A new web page ‘XBRL Reporting’ has been made available in the ‘Listing Centre’ portal of BSE to facilitate smooth reporting. BSE would also be offering online real time assistance in the form of a Helpdesk that would troubleshoot problems and assist users.


BSE became the first stock exchange in India to introduce and implement XBRL based reporting in association with its partner in this endeavor, Microvista Technologies. The facility was very well received by listed corporates with over 1100 companies filing their Shareholding patterns in XBRL format for the Quarter ended June 2015 and an increasing number of companies are adopting the XBRL mode for filing in the September 2015 quarter as well.


BSE is now well known for adopting state-of-the-art technologies and using them to provide its users and customers a more enriching and satisfying experience. With this implementation, BSE joins the elite club of global exchanges which have adopted this mode of reporting including countries like the USA and UK. Companies using XBRL, would be adopting global reporting standards that would make reporting easier, faster and more accurate. This would be one more step by BSE towards a greener world in addition to its initiatives of launching BSE Carbonex and BSE Greenex – two indices aimed at promoting green initiatives by companies.


BSE plans to launch XBRL reporting for all relevant disclosures / submissions of companies that are covered under the new Listing Regulations that were notified by SEBI in September 2015 and are applicable from December 2015.


The XBRL global initiative is led by a non-profit organisation called XBRL International Inc. (XII), which has members from various agencies from more than 164 countries. In India, the Ministry of Corporate Affairs (MCA) has switched over its reporting format to XBRL for Annual Report and Cost Audit report filings. The Reserve Bank of India (RBI) has also moved to XBRL reporting for the Banking Industry while the Securities & Exchange Board of India (SEBI) has mandated reporting by Mutual Funds though XBRL mode.



About BSE

BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE, is Asia’s first Stock Exchange and now the fastest stock exchange with the speed of 6 microsecond. BSE is India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME).

BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full innovation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.


Media Contact:

Yatin Padia

Marketing Communications

022 2272 8516