Outline the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015 regarding the criteria for determination of materiality of events and information.

Regulation 30 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 prescribes the criteria for determination of materiality of events / information. Listed entity shall consider the following criteria for determination of materiality of events/information: the omission of an event or information, which is likely to result in discontinuity or alteration of event or information already available publicly; or the omission of an event or information is likely to result in significant market reaction if the said omission came to light at a later date; an event/information may be treated as being material if in the opinion of the Board of Directors of listed entity, the event information is considered material. The listed entity shall frame a Policy for determination of materiality: based on criteria specified in this regulation; duly approved by its Board of Directors; shall be disclosed on its website. Regulation 30 (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides that the board of directors of the listed entity shall authorize one or more Key Managerial Personnel for the purpose of determining materiality of an event or information and for the purpose of making disclosures to stock exchange(s) and the contact details of such personnel shall be also disclosed to the stock exchange(s) and as well as on the listed entity's website. In case where an event occurs or an information is available with the listed entity, which has not been indicated in Para A or B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, but which may have material effect on it, the listed entity is required to make adequate disclosures in regard thereof.