What are the Materiality Guidelines? Prepare a note on Disclosures of events upon application of the Materiality Guidelines.

As per Regulation 30 of the Listing Regulations, every listed entity shall make disclosure of any event or information which, in the opinion of the board of directors of the listed company, is material. Materiality Guidelines As per Regulation 30(4), the listed entity shall frame a policy for determination of materiality of events/information, approved by the board of directors and which shall be disclosed on its website. The criteria for determination of materiality of events/informations is: 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; or In case where the criteria specified in sub-clauses (a) and (b) are not applicable, 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. Disclosures of events upon application of the Materiality Guidelines Regulation 30(3) of the SEBI (LODR) Regulations, 2015 specifies that the listed entity shall make disclosure of events specified in Para B of Part 'A' of Schedule III, based on application of the guidelines for materiality. These are as follows: Commencement or any postponement in the date of commencement of commercial production or commercial operations of any unit/division. Change in the general character or nature of business brought about by arrangements for strategic, technical, manufacturing, or marketing tie-up, adoption of new lines of business or closure of operations of any unit/division (entirety or piecemeal). Capacity addition or product launch. Awarding, bagging/ receiving, amendment or termination of awarded/bagged orders/contracts not in the normal course of business. Agreements (viz. loan agreement(s) (as a borrower) or any other agreement(s) which are binding and not in normal course of business) and revision(s) or amendment(s) or termination(s) thereof. Disruption of operations of any one or more units or division of the listed entity due to natural calamity (earthquake, flood, fire etc.), force majeure or events such as strikes, lockouts etc. Effect(s) arising out of change in the regulatory framework applicable to the listed entity Litigation(s) / dispute(s) / regulatory action(s) with impact. Fraud/defaults etc. by directors (other than key managerial personnel) or employees of listed entity. Options to purchase securities including any ESOP/ESPS Scheme. Giving of guarantees or indemnity or becoming a surety for any third party. Granting, withdrawal, surrender, cancellation or suspension of key licenses or regulatory approvals.