Event Details
The Board of Directors of Desh Rakshak Aushdhalaya Limited approved an updated policy for determination of materiality in a board meeting held on Friday, May 29, 2026. The meeting commenced at 12:30 PM and concluded at 2:00 PM.
Policy Content Overview
Materiality Criteria
The policy establishes three quantitative criteria for determining materiality:
1. Two percent of turnover as per last audited consolidated financial statements
2. Two percent of net worth as per last audited consolidated financial statements (except if net worth is negative)
3. Five percent of the average absolute value of profit or loss after tax as per last three audited consolidated financial statements
Events/information specified in Para A of Part A of Schedule III of Listing Regulations must be disclosed without applying materiality guidelines.
Implementation Authority
The Board has authorized a team comprising the Managing Director and Company Secretary to determine materiality of events/information and make disclosures to stock exchanges.
Disclosure Requirements
All material events/information must first be disclosed to stock exchanges, followed by placement on the company website for a minimum period of five years.
Timing Guidance
The policy provides guidance on timing of event occurrence/availability of information, including special provisions for natural calamities and matters requiring board/shareholder approval.
Financial Impact
No specific financial impact quantified in the disclosure. The policy establishes framework for future materiality determinations.