Ever since the amended Regulation 30 of SEBI (LODR), 2015 compressed disclosure timelines, boards and compliance teams have been running against the clock. But having spent 22+ years inside listed entities and now advising boards as a Practicing Company Secretary, here is what I observe in disclosure audits: The challenge is rarely the filing mechanism itself. The breakdown occurs at the internal event-identification threshold. 3 critical vulnerabilities we frequently remedia

A CFO once told me an acquisition wasn't material because "nothing is signed yet." The binding term sheet had been signed eleven days earlier. That one sentence explains why Regulation 30 of SEBI LODR remains the hardest judgment call in a listed company's compliance calendar. What Regulation 30 is really about Regulation 30 is not a filing formality. It is a market-integrity obligation — investors must learn of material developments from the company, not from a news channel

The Securities Appellate Tribunal (SAT), Mumbai, in its order dated 13.08.2026, has once again settled an important compliance question: does settling with SEBI shield a listed company from a separate fine by the stock exchange for the same violation? The Facts: 🔹 Hindustan Foods Ltd. failed to meet the minimum Independent Director requirement under Reg. 17(1)(b) of LODR Regulations (at least 50% Board strength) for periods between 27.08.2018 and 08.11.2022. 🔹 The Company