Policy for Determination of Materiality of Event / Information

In terms of Reg. 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the policy is framed for determination of materiality of event / information.

The Policy for determination of materiality of event / information of the Company is elaborated in the link below:

The term materiality of contract should be determined with reference to both qualitative and quantitative criteria as follows:

Quantitative criteria – where the value of contract / order exceeds
  • 5% of the gross turnover; or
  • 20% of the net worth.

The above threshold should be determined on the basis of audited consolidated financial statements of the previous financial year.

Qualitative criteria:
  • The omission of such information is likely to:
    • result in a discontinuity of information already available publicly; or
    • result in significant market reaction if the said omission came to light at a later date;
  • if in the opinion of the Board, the event / information is considered material.
  • Further, in circumstances where ‘quantitative’ criteria may not be applicable, qualitative criteria may be applied to determine materiality

Following employees of the Company shall severally have the authority to determine Materiality of any event or information and ensure disclosures of the same are made to stock exchange(s), subject to the provisions of this Policy.

Mr. Sunil Sapre
Mr. Amit Atre

You May Be Interested In

Financial Results

Comparative Analysis: 5 year CAGR now at 15.2%

Corporate Governance

Ethical Practices at Persistent Systems

ANNUAL REPORT

Shaping the future of software driven business – 2018-19

Start typing and press Enter to search

Contact Us
close slider

Contact Us
Have a question? Drop us a line and we will get in touch with you!

Yes, I would like Persistent to contact me on the information provided above. Click Here to read our full Privacy Notice.