Description

BSE reminds all Trading Members to submit their Internal Audit Report for the half year ended March 31, 2026 through BEFS by May 31, 2026 to avoid penal charges.

Summary

BSE has issued a reminder to all Trading Members to submit their Internal Audit Report (IAR) for the half year ended March 31, 2026. The submission must be made through the BSE Electronic Filing System (BEFS) on or before May 31, 2026. This notice follows earlier Exchange notices dated April 7 and April 17, 2026.

Key Points

  • All Trading Members are required to conduct an internal audit for the half year ended March 31, 2026.
  • Submission must be made via the BEFS (BSE Electronic Filing System).
  • Deadline for submission is May 31, 2026.
  • Non-submission or late submission will attract penal charges and/or disciplinary action as per Exchange Notice No. 20260417-45 dated April 17, 2026.
  • This is the third notice on this matter, following notices on April 7 and April 17, 2026.

Regulatory Changes

No new regulatory changes introduced. This notice reiterates existing requirements under Exchange Notice Nos. 20260407-22 and 20260417-24.

Compliance Requirements

  • Trading Members must complete their internal audit for H2 FY2026 (October 2025 – March 2026).
  • Submit the Internal Audit Report through BEFS before the due date.
  • XBRL-format submissions may be required; members with XBRL-related issues should contact the designated helpdesk.

Important Dates

  • May 31, 2026: Deadline for submission of Internal Audit Report for the half year ended March 31, 2026.
  • April 7, 2026: Original notice (Ref. No. 20260407-22) issued.
  • April 17, 2026: First reminder (Ref. No. 20260417-24) and penalty framework notice (Ref. No. 20260417-45) issued.

Impact Assessment

This circular impacts all BSE Trading Members who are required to maintain internal audit compliance. Failure to submit by May 31, 2026 will result in penal charges and potential disciplinary action. The notice has no direct impact on listed companies, securities prices, or market-wide operations. Members experiencing technical or process difficulties are advised to contact BSE’s designated helpdesk contacts before the deadline.

Impact Justification

Routine compliance reminder targeting Trading Members with a defined deadline; non-compliance leads to penal charges but does not affect broader market operations or listed securities.