SEBI BRSR & BRSR Core

Applies to

Top listed entities by market capitalisation: BRSR Core mandatory phasing — Top 150 (FY24), Top 250 (FY25), Top 500 (FY26), Top 1,000 (FY27).

Key points

• Reasonable assurance phasing: Top 150 (FY24) → 250 (FY25) → 500 (FY26) → 1,000 (FY27).
• Value-chain disclosures (top 250): comply-or-explain FY25; assurance voluntary FY26.
• Recent SEBI consultation: rename 'assurance' → 'assessment'.
• BRSR XBRL filing on Stock Exchange portal.

Applicability triggers

• Listed equity on BSE/NSE
• Market-cap ranking determines BRSR Core phase

Practitioner questions

• Top-500 vs Top-1000 BRSR Core applicability — FY25/FY26 reasonable-assurance + value-chain obligations?
• How does BRSR Core map to ISSB IFRS S1/S2?
• What is the difference between 'assurance' and 'assessment' under the new SEBI consultation?

Sources

• SEBI BRSR Core Circular (Jul 2023)