I. BACKGROUND AND APPLICABILTY OF THE POLICY:
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Regulations") requires every Listed Company to disclose events or information which, in the opinion of the Board of Directors of a Company are material.
In this context, the following policy has been framed by the Board of Directors ("Board") of Narmada Agrobase Limited ("Narmada"/"Company") at its meeting held on 30.01.2018 with the objective of determining materiality of events.
Where the omission of an event or information, is likely to result in:
a) discontinuity or alteration of event or information already available publicly or
b) a significant market reaction if the said omission came to light at a later date.
In cases where the criteria specified in point (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 the Company the event / information is considered material.
This Policy shall also apply to the events to which neither Para A or Para B of Part A of Schedule III applies but have a material effect on NAL.
II. DISCLOSURE PROCESS
III. MODIFICATION OF THE POLICY
This Policy is framed based on the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as notified on September 2, 2015. In case of any subsequent amendments to the Regulations which make any of the provisions in the Policy inconsistent, the provisions of the Regulations shall prevail. The Policy shall be reviewed by the Audit Committee and on recommendations shall be modified by the Board so as to align the same with the amendments or to incorporate the changes as may be felt appropriate by the Audit Committee.
The list of events in Annexure, as it stands today may be updated, from time to time, by authorised persons, to reflect any changes to the Regulations and the updated version be issued and published as necessary, without any requirement for approval from the Audit Committee or the Board.