Our Policy-Pommys

Policy for determination of materiality of events for disclosure to stock exchanges


The Board of Directors  of POMMYS GARMENTS (INDIA) LIMITED  have adopted the following policy and procedures with regard to disclosure of material events which are necessary to be disclosed to the stock exchanges based on criteria as may be deemed necessary and has been adopted as part of this policy.

The Board may review and amend this policy from time to time.

This Policy is formulated in compliance with the terms of Clause 30 of Chapter IV of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Criterion for determination of materiality

The following criterion/ thresholds shall be considered for determination of materiality of events and information:
Qualitative Materiality Criterion

  • 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;
  • In case where the criterion specified in sub-clauses (a) and (b) above are not applicable, an event/ information may be treated being material, if in the opinion of the Board of Directors of the Company, the event or information is considered material.

Quantitative Materiality Thresholds
The event or information the impact of which is more than 10% of the consolidated turnover or net worth of the Company, as the case may be. These thresholds shall be determined on the basis of audited consolidated financial statements of the Company for the preceding financial year.

Material events and information

The events specified in Para A of Part A of Schedule III to the Listing Regulations shall be deemed to be material events for the purpose of disclosure to the Stock Exchanges, without application of materiality criterion/ thresholds given in clause 2 above.
The following events and information conforming to the qualitative materiality criterion given in clause 2.1 above or quantitative materiality thresholds given in clause 2.2 above shall be considered material for the purpose of disclosure to the Stock Exchanges in terms of Regulation 30(3) of the Listing Regulations:

Sr. No.

Event / Information


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 (in entirety or piecemeal).


Capacity addition or product launch.


Awarding, bagging/ receiving a contract or order or amendment or termination thereof, not in the normal course of business.


Agreements including loan agreement(s), as a borrower or any other agreement(s) which are binding and not in normal course of business and any revision or amendment or termination thereof.


Disruption of operations of any one or more units or divisions of the Company due to natural calamity (earthquake, flood, fire etc.), force majeure or other events such as strikes, lockouts, etc.


Effect(s) arising out of change in the regulatory framework applicable to the Company.


Any Litigation / dispute / regulatory action with impact.


Fraud/ defaults, etc. by directors (other than key managerial personnel) or employees of the Company.


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.

The Company shall also disclose any other event or information to the Stock Exchanges which is considered material by the Board of Directors of the Company.
The aforesaid events and information shall be disclosed to the Stock Exchanges in the manner prescribed under Listing Regulations.


  • The Board of Directors of the Company has jointly or severally authorised the Managing Director, Chief Financial Officer and Company Secretary, to determine the materiality of any event/ information (including that of its subsidiaries) for the purpose of disclosure to the Stock Exchanges.
  • Normally, the Company Secretary shall make necessary disclosures of events or information to the Stock Exchanges under Regulation 30 of Listing Regulations. However, such disclosures can also be made either by Chief Financial Officer or Managing Director of the Company.


This Policy can be amended, modified or revised by the Board of Directors of the Company from time to time. In case any provisions of this Policy are contrary to or inconsistent with the provisions of the Companies Act, 2013, rules framed thereunder and Listing Regulations, the provisions of Statutory Provisions shall prevail.