The best compliance officers at listed entities run their entire year off a single spreadsheet: the quarterly calendar. Every filing, every certification, every board meeting, every audit committee meeting, every deadline. If you cannot describe the whole thing in five minutes, you are not running your desk; the desk is running you. This lesson walks the calendar as it stands in FY 2026-27.
The quarter shape
The Indian financial year runs 1 April to 31 March. Quarter ends are 30 June (Q1), 30 September (Q2), 31 December (Q3), 31 March (Q4). Each quarter has the same shape:
- Quarter-end plus 1 to 45 days: Financial results filing under Reg 33 (45 days for Q1, Q2, Q3; 60 days for Q4 combined with annual)
- Quarter-end plus 1 to 30 days: Corporate Governance Report under Reg 27(2) (via Integrated Filing (Governance) since 1 March 2025)
- Quarter-end plus 1 to 21 days: Shareholding Pattern under Reg 31
- Quarter-end plus 1 to 15 days: Investor Complaints Statement under Reg 13(3) (via Integrated Filing (Governance))
- Quarter-end plus 1 to 30 days: Reconciliation of Share Capital Audit Report under Reg 76 SEBI DP Regulations
- During the quarter: Reg 30 material events on rolling basis (30 min / 12 hr / 24 hr)
- During the quarter: Reg 30(11) rumour verifications if MPM trigger (top 100 or top 250)
- During the quarter: Reg 29 promoter shareholding disclosures
- During the quarter: Continual PIT Reg 7 disclosures within 2 trading days of the Rs 10 lakh threshold breach
- Quarter-end: Trading window closure under PIT Sch B Cl 4 from quarter-end till 48 hours after results (automated PAN freeze at depository since 1 October 2025 for all listed entities)
Layered on top of the ten quarterly filings are three certifications: the quarterly SDD compliance certificate from Compliance Officer or PCS to NSE / BSE under the October 2024 NSE SDD SOP circular [L4-C1], the quarterly Investor Complaints Statement certification and the half-yearly PIT Sch B Cl 4A audit committee verification.
A worked quarter: Q2 FY 2026-27 (Jul-Sep 2026)
Here is what your calendar looks like as you enter Q2 FY 2026-27 on 1 July 2026.
| Date | Item | Route | Signatory |
|---|---|---|---|
| 1 Jul 2026 | Trading window closes (Q1 end) | Automated PAN freeze at NSDL/CDSL | N/A (system) |
| By 14 Aug 2026 | Q1 financial results (45 days from 30 Jun) | BSE Listing Centre / NSE Digital Portal | MD / CEO + CFO |
| Q1 results date + 2 hours | Trading window reopens (48 hr from results) | Automated depository unfreeze | N/A (system) |
| By 21 Jul 2026 | Q1 Shareholding Pattern (Reg 31) | BSE / NSE | Company Secretary |
| By 15 Jul 2026 | Q1 Investor Complaints (Reg 13(3)) | Integrated Filing (Governance) | Compliance Officer |
| By 30 Jul 2026 | Q1 Corporate Governance Report (Reg 27(2)) | Integrated Filing (Governance) | Compliance Officer |
| Rolling | Reg 30 material events | BSE / NSE within 30 min / 12 hr / 24 hr | Compliance Officer / CS |
| Rolling | Reg 30(11) rumour verifications | BSE / NSE within 24 hr of MPM | Compliance Officer |
| Rolling | Reg 29 promoter shareholding | BSE / NSE within 2 trading days | Compliance Officer |
| Rolling | PIT Reg 7 continual disclosures | BSE / NSE within 2 trading days | Compliance Officer |
| By 20 Jul 2026 | Quarterly SDD compliance certificate | BSE / NSE | Compliance Officer or PCS |
| 1 Oct 2026 | Trading window closes (Q2 end) | Automated PAN freeze | N/A (system) |
Reg 33 financial results, the deadline arithmetic
Reg 33 sets quarterly and year-to-date standalone financial results within 45 days of end of each quarter, except the last quarter. Last quarter (Q4) and annual audited standalone plus consolidated results within 60 days of end of financial year. So:
- Q1 (Apr-Jun): standalone + consolidated (if subsidiaries exist) within 45 days = by 14 August
- Q2 (Jul-Sep): standalone + consolidated within 45 days = by 14 November
- Q3 (Oct-Dec): standalone + consolidated within 45 days = by 14 February
- Q4 (Jan-Mar) + annual: audited standalone + audited consolidated within 60 days of FY end = by 30 May
For entities without subsidiaries, only standalone is filed. For entities with subsidiaries, both standalone and consolidated are mandatory. SMEs may file half-yearly instead of quarterly. BSE FAQ circular dated 17 November 2025 [L4-C2] clarifies the applicability and timelines.
Reg 24A secretarial audit, the annual layer
Regulation 24A operative 1 April 2025 requires every listed entity plus every material unlisted Indian subsidiary to undergo secretarial audit by a Peer-Reviewed Practising Company Secretary. Tenure: individual PCS one term of 5 years; firm two terms of 5 years; 5-year cooling off. Annual Secretarial Compliance Report (ASCR) filed with stock exchanges within 60 days of FY end (by 30 May) in XBRL, signed by the Secretarial Auditor or a Peer-Reviewed PCS meeting Reg 24A(1A) / (1B) [L4-C3].
The engagement of the Peer-Reviewed PCS happens once a year (or once every 5 years if you are engaging for a new tenure). The report filing is annual. But the underlying compliance mapping happens continuously through the year. The ASCR checkilist covers LODR + ICDR + SAST + Buyback + SBEBSE + NCS + PIT + RPT approvals. If you have not been maintaining a compliance evidence pack quarter by quarter, the secretarial auditor will demand it in April.
Reg 34 annual report, the annual anchor
Regulation 34 sets the annual report obligation. Reg 34(1) requires the annual report to be submitted to the stock exchanges within 21 working days of the AGM. Reg 34(2)(f) requires the BRSR for top 1,000 listed entities. Reg 34(3) prescribes contents including balance sheet, profit and loss, cash flow, directors report, corporate governance report per Sch V, MDA, secretarial audit report.
The AGM must be held within 6 months of FY end (30 September for a March-year-end entity). Notice to shareholders 21 clear days before. E-voting compulsory for top 500 by market cap. Annual report to shareholders is despatched electronically per SEBI framework.
Half-yearly filings
Two obligations fall on a half-yearly rhythm rather than quarterly:
- Reg 27(2) Annex IV half-yearly disclosure of loans, guarantees, comfort letters and security provided by the listed entity to persons in the promoter group or its subsidiaries, filed with the CG report
- PIT Sch B Cl 4A annual audit committee verification of SDD internal controls
The "always on" obligations
Three obligations run continuously without a scheduled trigger:
- Reg 30 material events. Any board decision, any credit rating change, any regulatory action, any promoter dispute, any material contract. The 30-min / 12-hr / 24-hr clock starts on the event, not on the quarter.
- Reg 30(11) rumour verification. Any mainstream media report that causes a Material Price Movement in your scrip. The 24-hour clock starts on the MPM detection.
- PIT trading discipline. Trading window closures at quarter end (automated). Pre-clearance decisions from designated persons. Contra-trade monitoring. SDD entries within 2 calendar days for external UPSI.
Building your own calendar
Take a blank sheet. Down the left column, list every LODR obligation your entity carries (varies by chapter and market cap band). Across the top, list the four quarters plus a "rolling" column. Put an X where each obligation intersects each quarter. Add signatory. Add filing route. Print it. Put it on your Company Secretary's desk. Update it every 1 April.
The tools that reduce the operating burden
Beyond the manual calendar, several tool categories reduce the compliance operating burden: (a) exchange-provided filing utilities (BSE Listing Centre XBRL Utility, NSE NEAPS+ tooling, Integrated Filing (Governance) module launched 1 March 2025), (b) purpose-built PIT SDD software (see Module 6 vendor discussion), (c) board-pack systems with SDD integration (Diligent Boards, BoardPro, BoardX), (d) proxy adviser subscription for pre-AGM engagement (IiAS, SES, InGovern), (e) SEBI enforcement digest subscription (Taxmann, SCC Online, Corporate Professional). Practitioner impact: budget approximately Rs 15-40 lakh per year for a top-500 entity across these tools; the alternative is manual tracking with error rates that surface as enforcement exposure.
Team composition for a mid-cap Compliance function
A well-designed mid-cap listed entity Compliance function includes: (a) Company Secretary (senior CS with 10+ years experience, LODR / PIT specialist), (b) Compliance Officer (CS Associate or Executive with 3-7 years experience, day-to-day operations), (c) Junior compliance analyst (CS trainee or fresh CS Associate for administrative support and monitoring), (d) shared Legal counsel (contract, litigation, regulatory), (e) shared CFO office resource for financial-results filing coordination. Total headcount 3-5 dedicated + shared services. Practitioner impact: undersized compliance teams (single Compliance Officer without deputies) are structurally exposed to enforcement risk during any key-person absence.
Rolling amendments watchlist
Any listed-entity Compliance function must maintain a rolling amendments watchlist covering: (a) SEBI Board Meeting communiqués (typically twice monthly), (b) SEBI circulars and clarifications, (c) BSE / NSE consolidation and revision circulars, (d) MCA notifications for interacting Companies Act rules, (e) ICSI Secretarial Standards updates, (f) court / SAT / SC decisions with LODR / PIT implications. Weekly review by the Compliance Officer and monthly summary to the audit committee. Practitioner impact: entities that treat regulatory monitoring as an "as-needed" activity systematically miss amendment implementation windows, resulting in avoidable compliance breaches.
Next lesson: the five events that get listed companies into most SEBI trouble. Reg 30 lapses, Reg 23 unapproved RPTs, PIT UPSI breaches, SDD failures, secretarial audit gaps. What SEBI enforcement actually looks like, and how to build for it.