Financial Reporting Overhaul for Infrastructure Investment Trusts Enhances Transparency with Comprehensive Disclosure Mandates

SEBI issued a regulatory circular revising disclosure requirements for Infrastructure Investment Trusts (InvITs). The circular modifies financial reporting guidelines in offer documents and placement memoranda, specifically addressing proforma financial statements, audited asset financials, and disclosure frameworks. Key amendments include provisions for assets acquired after financial reporting periods, allowing references to public financial disclosures, and mandating combined/carved-out financial statements when general purpose statements are unavailable. The regulatory changes aim to enhance transparency and standardize financial reporting for InvITs, with immediate implementation except for Chapter 4 provisions, which become effective from April 01, 2025. .....

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