TALBROS AUTOMOTIVE COMPONENTS LIMITED
|SUBJECT:||POLICY ON DETERMINATION OF MATERIALITY FOR DISCLOSURE OF MATERIAL INFORMATION & EVENTS|
|INTRODUCTION||Securities Exchange Board of India (SEBI) has notified SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 (hereinafter referred as “Listing Regulations”) on September 02, 2015
effective from 1st December 2015.
As per the requirement of the Listing Regulations, Talbros Automotive Components Limited (the ‘Company’
|OBJECTIVE & SCOPE||The objective of this policy is to lay down the procedure, practice and rules for determination of
materiality of information and events to be followed in making disclosures of information and events to
stock exchanges, its investors and other stakeholders.
|POLICY OWNER:||The policy shall be approved and reviewed by the Board from time to time based on statutory regulations.
Any of the Key Managerial Personnel (as defined under Companies Act, 2013) shall be authorized for the
purpose of determining materiality of an event or information, making disclosures to stock exchange(s) and
for effective implementation of the policy.
|POLICY STATEMENT:||Information’s and events that may impact prices of the company materially shall be promptly made public and generally available and that uniform and universal dissemination of material information shall be followed to avoid selective disclosure. Company shall follow below guidelines for making disclosures of information and events:
A : Deemed Material Events :
Events specified in Para A of Part A of Schedule III of Listing Regulation are deemed to be material events.
B : Material Event based upon materiality
Event specified in Para B of Part A of Schedule III of Listing Regulation shall be disclosed after applying
Criteria for determination of materiality of events/ information:
Authorized officer shall consider the following criteria for determination of materiality of events/ information:
C. Company shall also make disclosure of other information/event like major development that is likely to
D. Without prejudice to the generality of para (A), (B) and (C) above, company shall disclose
|OTHER GUIDELINES||1. The company shall also be guided by code for fair disclosure of unpublished price sensitive information
for making information public.