Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Shareholder Rights Outweigh Promoter Privacy: Sebi to HC

Mint Bangalore

|

September 13, 2025

Sebi's filing is the latest development in a high-stakes legal battle initiated by Kirloskar firms

- Neha Joshi

The Securities and Exchange Board of India (Sebi) has told the Bombay High Court that shareholders' right to information outweighs promoters' claims of privacy when it comes to disclosure of private agreements.

In an affidavit filed in response to a challenge by five Kirloskar Group companies, the market regulator argued that investors must be informed of any pact that could affect a listed company's management, control, or business, even if the firm is not a party to it.

Mint has reviewed a copy of the affidavit, which firmly rejects the petitioners' claims that the rules are arbitrary and overreaching.

Sebi clarified that its rules do not force a firm to be bound by such agreements, stating the regulatory requirement is not to assume contractual obligations, "but merely to disclose the existence of agreements that may have a material impact on the governance, control, or operations of the listed entity".

"Non-disclosure of material information creates information asymmetry and results in significant market reaction when it is known to the public at large at a later stage," Sebi said.

FLERE HISTORIER FRA Mint Bangalore

Mint Bangalore

Tech focus drives Meesho’s IPO prep

lier this month.

time to read

1 mins

November 29, 2025

Mint Bangalore

LIC’s response to voting on RIL, Adani resolutions

A Mint story on Friday reported how Life Insurance Corp. of India Ltd, or LIC, had approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected similar proposals at other large companies.

time to read

1 min

November 29, 2025

Mint Bangalore

After a year’s pause, AT-I bonds return with Canara Bank

Canara Bank on Friday raised ₹3,500 crore from an additional tier-1 (AT-I) offer, according to three people aware of the matter.

time to read

1 min

November 29, 2025

Mint Bangalore

Inside Bengaluru's quiet recycling revolution

Stories from the alleys and gullies of India

time to read

4 mins

November 29, 2025

Mint Bangalore

Mint Bangalore

Speciality chemical makers are betting big on pharma

The Street is gravitating toward speciality chemical manufacturers that supply contract development and manufacturing organizations (CDMO) and active pharmaceutical ingredient (API) makers, as uncertainty looms over the chemicals sector.

time to read

1 mins

November 29, 2025

Mint Bangalore

Mint Bangalore

The hero who made the movies larger

There are so many Dharmendras to love. Our tribute to the actor whose casual charm belied his larger-than-life aura

time to read

4 mins

November 29, 2025

Mint Bangalore

Art Deco feels in Indian fashion

The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?

time to read

4 mins

November 29, 2025

Mint Bangalore

Indian IT slashes spending on US lobbying on H-1B visa blues

The Indian IT industry has been lowering its lobbying spends in the US in recent years, according to filings made to the US House of Representatives and accessed by Mint.

time to read

1 min

November 29, 2025

Mint Bangalore

Fiscal deficit widens on higher capex, lower tax

India’s fiscal deficit for the April-October period rose on higher capital expenditure and lower net tax revenue.

time to read

1 min

November 29, 2025

Mint Bangalore

Mint Bangalore

Recreating Dharmendra's timeless style

The late movie superstar was the definition of what it means to have a strong personal style

time to read

1 min

November 29, 2025

Listen

Translate

Share

-
+

Change font size