Gran, a Senior Partner of GSP & Co., Practicing Company Secretaries, was explaining to his trainees about the importance and relevance of annual reports. He told them that an annual report is a comprehensive document

Statement of deviation(s) or variation(s) As per Regulation 32 of SEBI (LODR) Regulations, 2015, the listed entity shall submit to the stock exchange the following statement(s) on a quarterly basis for public issue, rights issue, preferential issue etc.: (a) Indicating deviations, if any, in the use of proceeds from the objects stated in the offer document or explanatory statement to the notice for the general meeting, as applicable; (b) indicating category wise variation (capital expenditure, sales and marketing, working capital etc.) between projected utilisation of funds made by it in its offer document or explanatory statement to the notice for the general meeting, as applicable and the actual utilisation of funds. The listed entity shall furnish an explanation for the variation specified above, in the directors' report in the annual report. According to Regulation 36 of SEBI (LODR) the listed entity shall send the annual report in the following manner to the shareholders: (a) Soft copies of full annual report to all those shareholder(s) who have registered their email address (es) either with the listed entity or with any depository. (b) Hard copy of statement containing the salient features of all the documents, as prescribed in Section 136 of Companies Act, 2013 or rules made thereunder to those shareholder(s) who have not so registered; (c) Hard copies of full annual reports to those shareholders, who request for the same. The listed entity shall send annual report to the holders of securities, not less than twenty-one days before the annual general meeting.