The Nepal Stock Exchange (NEPSE) has instructed listed companies to promptly disclose key financial and corporate information in an effort to curb potential manipulation of share prices.
According to a public notice, companies must notify NEPSE if any individual or institution acquires more than five percent of their shares. Officials explained that this measure seeks to prevent distortions in share value caused by bulk purchases.
NEPSE has also mandated the timely submission of financial reports. Listed firms are required to provide audited financial statements and auditor’s reports within five months of the fiscal year’s end. Additionally, quarterly reports—covering earnings per share, price-earnings ratio, net asset value per share, total assets, and liquidity ratio—must be submitted within one month after each quarter.
Companies must further inform NEPSE at least one week before book closure for general meetings. Immediate disclosure is also mandatory for significant corporate actions, such as asset transactions worth Rs 100 million or more, changes in the board of directors, or assumption of liabilities exceeding Rs 100 million.
Altogether, NEPSE has outlined 19 categories of information that listed companies must disclose without delay, reinforcing accountability and transparency in the securities market.
