Founder Zayn Consulting Private Ltd, Serial Entrepreneur, Angel Investor, Industrialist, Philanthropist
SEBI: DRHP DISCLOSURES TO BE MADE AVAILABLE IN AUDIO-VISUAL FORMAT SEBI states that salient disclosures made in the Draft Red Herring Prospectus (DRHP), Red Herring Prospects (RHP) and Price Band Advertisement for public issues shall also be made available in Audio Visual format (AV) for ease in understanding the features of public issues; Apprises that such AV shall be prepared and placed in the public domain for all main board public issues and the same shall initially be in bilingual format i.e. English and Hindi; SEBI highlights that the total duration of the AV shall be equitably distributed to cover material disclosures made under various sections of the DRHP and RHP viz. about the company, risk factors, capital structure, objects of the offer, business of the issuer, promoters, management, summary of financial information, litigations, material developments and terms of the offer etc.; Further specifies that the content of the AV must be factual, non-repetitive, non-promotional and shall not be misleading in any manner; Lastly, informs that the provisions of this circular shall be made applicable to all DRHP filed with SEBI on or after July 01, 2024 on voluntary basis, and October 01, 2024 onwards on mandatory basis.
