NEPSE Enforces 19 New Disclosure Requirements for Listed Firms

The Nepal Stock Exchange (NEPSE) has introduced stricter disclosure requirements for listed companies, aiming to curb share price manipulation and improve transparency across the market.

Under the new rules, companies must promptly inform NEPSE if any individual or institutional investor acquires more than five percent of their shares. According to the exchange, this measure is intended to prevent stock price distortion that can arise from concentrated bulk purchases.

Companies are also required to submit their audited financial statements and auditors’ reports no later than five months after the close of each fiscal year. Similarly, quarterly reports detailing earnings per share, price-to-earnings ratio, net asset value per share, total assets, and liquidity ratio must be provided within a month of the quarter’s end.

The directive further obliges firms to notify NEPSE at least seven days before book closure for general meetings. Any major corporate move, such as acquiring or selling assets worth Rs. 100 million or more, assuming liabilities above Rs. 100 million, or changes in the board of directors, must be disclosed immediately.

In total, NEPSE has specified 19 categories of information that require timely reporting. The exchange said these measures are part of its effort to enhance accountability and ensure that investors have access to reliable information when making decisions.