After failing to submit results for two consecutive quarters, these eight low-priced stocks will soon be transferred to Z Category!
If this doesn’t surprise you, this definitely will -there are companies that don’t report their quarterly earnings for several consecutive quarters. Isn’t it shocking?!
Quarterly earnings reports are one of the best ways to track stock performance. Publicly-traded companies issue these reports several times in a financial year and provide valuable information based on the company’s performance. Traders, analysts, investors, and other market participants use these earning reports to assess the value of a company’s stock and the success of executives in running the company.
However, are you aware that there are many companies, which neglect this and refrain from issuing their quarterly earnings? If this doesn’t surprise you, this definitely will -there are companies that don’t report their quarterly earnings for several consecutive quarters. Isn’t it shocking?!
The question arises – why do those companies don’t share their reports on time?
Before we move onto this question, let me share with you the recent list of companies that have been identified as non-compliant with Regulation 33 (i.e., Submission of Financial Results) of SEBI (LODR) Regulations, 2015 for two consecutive quarters’ i.e. March 31, 2022 and June 30, 2022.
So, what happens to such companies?
Trading in securities of the above-mentioned companies shall be transferred to the ‘Z’ (BZ Series) Category with effect from October 25, 2022, if these companies do not comply with Regulation 33 of SEBI (LODR) Regulations, 2015 as per the provisions of SOP Circular on or before October 19, 2022.