The move comes at a time when Sebi plans to file a review petition in the apex court against the August 5 order that had ruled in favour of the company on accessing the relevant documents.

Investors, on their part, are increasingly considering sustainable, responsible, and ethical practices when they assess corporate performance and risk. Asset managers also play an important role as active investors in companies and in influencing them as part of their larger stewardship role.

As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others, are functioning without a full-time head.